Monday, June 19, 2017

Aldi and Walmart price war puts pressure on other grocers

itempropUntil recently, Walmart didn’t appear to take Aldi’s invasion too seriously, even as Aldi was boasting that its private-label products were about 20 percent less expensive than Walmart’s store-branded items.

But in February, Walmart started going head-to-head with Aldi by cutting prices in markets in 11 states, including Iowa. Walmart intends to undercut Aldi and other rivals by 15 percent and is spending $6 billion to solidify its reputation as the low-price leader.. . . more

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