International Retailers Aldi young dudes
Something of a shakeup is underway among the grocery retailers in Europe, on the news that Italian supermarket chain Esselunga has joined the Swiss purchasing alliance Epic Partners, shortly after French cooperative Système U had said they too were taking the plunge. Epic Partners, to throw another country into the mix, was founded by the German Edeka chain, and includes Picnic (Netherlands), Migros (Switzerland), Biedronka (Poland), Jerónimo Martins (Portugal), ICA (Sweden) and Magnit (Russia), and gives their members significant purchasing power across a regionalised supply chain. It also offers them some protection against the multinational competition: all of them are nationally significant outfits that do not trade across borders. Over in the US, German discounter Aldi is growing rapidly as economic conditions tighten, adding more than one million new households to their shopper base in the year through September, with foot traffic up +10.5% across most of its 2,200 stores.
Comment: Fascinating news out of Europe, though not with much relevance to our own fanatically competitive retail universe.