Karl Albrecht

AAA

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 TERMS
  1. Brick And Mortar

    A traditional "street-side" business that deals with its customers ...
  2. Hypermarket

    A retail store that combines a department store and a grocery ...
  3. Big Box Retailer

    A retail store that occupies an enormous amount of physical space ...
  4. Chain Store Sales

    An indicator that provides information on the monthly sales volumes ...
  5. Retail Sales

    An aggregated measure of the sales of retail goods over a stated ...
  6. Fully Drawn Advance

    A type of long-term business loan used in Australia.
RELATED FAQS
  1. Can I buy insurance to reduce unlimited liability in a partnership?

    Partnership insurance is actually quite common. Most of the time, partners buy insurance to safeguard against the possibility ... Read Full Answer >>
  2. What are the benefits of prorating expenses?

    When a person prorates expenses between personal and business expenses, he is able to capture the maximum amount of tax benefits ... Read Full Answer >>
  3. What is the relationship between research and development and innovation?

    Although it's possible to achieve innovation without research and development and it's possible to conduct research and development ... Read Full Answer >>
  4. How does the notion of the American Dream influence the US economy?

    The notion of the American Dream influences the U.S. economy because it creates the driving force behind the free enterprise ... Read Full Answer >>
  5. How do venture capitalist investors view sustainable growth in a startup?

    Venture capitalist investors view sustainable growth in a startup as necessary when considering investing in it. Typically, ... Read Full Answer >>
  6. How can I protect my business from my spouse during a high net worth divorce?

    For high net worth individuals (HNWIs), deciding to end a marriage through divorce brings special circumstances to consider. ... Read Full Answer >>
Related Articles
  1. Budgeting

    5 Ways To Control Emotional Spending

    Follow these five simple steps to keep your spending under control.
  2. Markets

    Consumer Spending As A Market Indicator

    What people buy and where they shop can provide valuable information about the economy.
  3. Economics

    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.
  4. Entrepreneurship

    How Peter Thiel Became a Superstar

    A review of the career of legendary Silicon Valley entrepreneur and investor Peter Thiel.
  5. Professionals

    Advisors: Get Those Referrals! (Here's How)

    If you're not talking to your clients about referring you to friends, you should be.
  6. Entrepreneurship

    10 Richest, Most Successful Tech Geniuses

    Unlike many industries, tech billionaires are mostly self-made. Many of these billionaires came from humble means and, through their own genius, changed the world.
  7. Entrepreneurship

    The 10 Richest Women In Finance

    Who are the top 10 women in the financial industry?
  8. Investing Basics

    Today's Top Young Investors

    Given the very different world that we live in as compared to the one the Warren Buffett graduated into, young, hopeful investors should be looking up to people closer to their own age.
  9. Economics

    Understanding Capital Investment

    Capital investment is a term that describes a company’s expenditures for long-term assets used in the operation of its business.
  10. Entrepreneurship

    Top 7 Ways to Manage Business Risks

    Risk management is a form of insurance in itself for small business owners. Here are seven steps to implement a plan.

You May Also Like

Hot Definitions
  1. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  2. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  3. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
  4. Unfair Claims Practice

    The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims ...
  5. Killer Bees

    An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an ...
  6. Sin Tax

    A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!