The Way I See It!

I am an Ultra-Conservative, Alpha-Male, True Authentic Leader, Type "C" Personality, who is very active in my community; whether it is donating time, clothes or money for Project Concern or going to Common Council meetings and voicing my opinions. As a blogger, I intend to provide a different viewpoint "The way I see it!" on various world, national and local issues with a few helpful tips & tidbits sprinkled in.

Aldi & Trader Joe's Supermarket Founder Dead

World, Retail

Trader Joe's owner dies at 88


The man considered one of the fathers of the discount store strategy — a cofounder of the global Aldi supermarket chain and the developer of Trader Joe's in the U.S. — has died.  He was 88.


Theo Albrecht died Saturday in his home city of Essen, Germany, his company's Aldi Nord division said in a statement Wednesday.  The company did not give a cause of the billionaire's death.


Albrecht was the driving force behind Aldi's internationalization, expanding stores to France, Spain, Portugal, Poland and the United States.


The first Aldi stores — an acronym standing for "Albrecht Discount" — opened in the early 1960s under the motto: "concentrating on the basics: a limited selection of goods for daily needs."


Aldi now has more than 4,000 outlets in Germany alone, where it is known for its no-frills shopping environment, streamlined processes and a limited range of discount products.


Source: MSNBC


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