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Aldi Is Taking On Walmart in the Retail Giant’s Backyard

Photo Credit: Mike Mozart via Flickr cc

Aldi is taking on Walmart, including in Walmart’s own backyard. The German-based discount grocer opened a store in October not far from Walmart’s corporate headquarters, and the store is getting a lot of buzz in Bentonville. The store is part of Aldi’s $5 billion expansion plan to have 2,500 stores in the U.S. by 2022. It currently has about 1,900.

“There is a lot of buzz in northwest Arkansas about the new Aldi store,” said Annibal Sodero, a former assistant professor of supply chain management at the University of Arkansas. Aldi poses a “significant threat” to Walmart and seems “very well positioned to gain market share in the short run,” she said.

Read more at CNN Business.