Karl Albrecht
Definition of 'Karl Albrecht'The German billionaire entrepreneur who founded discount supermarket chain Aldi and one of the richest people in the world according to Forbes. As of 2010, Aldi had more than 4,000 stores in Germany plus another 8,000-plus stores in Australia, France, Great Britain, Greece, Poland, Portugal, Spain, Switzerland and the United States amongst other countries. It's biggest competitor is another German discount supermarket chain, Lidl. |
|
Investopedia explains 'Karl Albrecht'In addition to groceries, Aldi also sells skin care products and some household items. Aldi primarily sells its own brand of products. Other ways the store keeps costs down include charging customers for shopping bags, not accepting credit cards or charging a fee to accept them and using a coin-machine system to lend shopping carts to consumers so they will return them to the store. |
Related Definitions
Articles Of Interest
-
Consumer Spending As A Market Indicator
What people buy and where they shop can provide valuable information about the economy. -
5 Ways To Control Emotional Spending
Follow these five simple steps to keep your spending under control. -
Evaluating Grocery Store Stocks
Retail grocers are no longer a homogeneous group selling products in the same manner. Find out how to evaluate these companies. -
Top 4 Financial Jobs You Can Do From Home
You don't have to go to an office to make a great salary in the financial sector. Here are the top four highest paying financial jobs you can do from home. -
Key Steps To Building A Great Financial Planning Practice
Following the status quo will kill your financial practice. Find out the tips you need to follow to keep you a step or two ahead of the competition. -
Uncommon Jobs For Your Finance Degree
Not everyone can land the glamour jobs, but the world of finance has a lot more to offer. Here are some uncommon jobs in finance that you might want to consider. -
Freelancer Or Employer: Identifying Your Next Career Move
Although the increasing accessibility of independent contracting has created job opportunities, it is important to remember that this method of working also has considerable disadvantages in ... -
Social Finance Careers: Creating A Better World
A financial career can be used to do more than just bring in profits. Find out how to get a career with a more social objective. -
How Summer Businesses Survive
Seasonal businesses face particular challenges. Find out how they survive through the cold months. -
5 Businesses That Started During A Recession
These companies found success despite being started during economic downturns.
Free Annual Reports