Is Aldi Coming To Canada
Is Aldi Coming To Canada In 2022? (Plans + Potential Locations)
Costco’s logo since 1997
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| Type |
Public |
|---|---|
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Nasdaq : COST NASDAQ-100 Component S&P 100 Component S&P 500 Component |
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| Industry |
Retail |
| Predecessor |
Price Club |
| Founded |
July 12, 1976 ( 1976-07-12 ) (as Price Club) San Diego, California , U.S. September 15, 1983 ( 1983-09-15 ) (as Costco) Seattle, Washington , U.S. |
| Founders |
James Sinegal Jeffrey Brotman Sol Price Robert Price |
| Headquarters |
,
U.S.
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Number of locations
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804 [1] (2021) |
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Area served
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Australia Canada China France Iceland Japan Mexico New Zealand South Korea Spain Taiwan United Kingdom United States |
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Key people
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Hamilton E. James (Chairman) W. Craig Jelinek (President and CEO) |
| Brands | Kirkland Signature |
| Services |
Merchandise Cash & Carry Warehouse club Filling stations |
| Revenue |
 US$166.76 billion [2] (2020) |
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US$6.023 billion [2] (2020) |
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US$4.002 billion [2] (2020) |
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Total assets |
US$45.40 billion [2] (2019) |
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Total equity |
US$15.24 billion [2] (2019) |
| Members |
105.5 million [3] (2020) |
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Number of employees
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273,000 [3] (2020) |
| Website |
www .costco .com  |
Although expansion of grocery stores can be difficult, expanding into other countries will require a different set of skills that most chains are simply not capable.
Aldi, a German supermarket chain, has been expanding beyond its borders for many decades. It first established itself in North America as a store in 1970. However, they now have more than 2,000 locations in America, while their discounted goods remain unpopulated in Canada.
Aldi is coming soon to Canada? The answer might surprise you, given the company’s steady U.S. expansion.
Is Aldi Coming To Canada In 2022?
Aldi will not be coming to Canada as of 2022. Many market analysts predict that the move will be inevitable. However, Aldi has not made any visible steps toward Canada or released statements regarding the possibility.
You might be wondering why Aldi isn’t going to Canada, or if there’s enough demand for Aldi. I have all the answers.
Aldi Is Coming To Canada!
Aldi appears to be determined to dominate the American discount marketplace and ignores Canada for several reasons.
Aldi’s business model centers around the low cost of everyday foods, which keeps everyone’s homes and pantries stocked.
The prices compare well in the U.S., especially versus smaller regional chains, as Aldi can stay competitive within their price ranges.
Canada however has 40 percent less grocery store sales than the United States.
American shoppers may be impressed at Aldi’s low prices, but Canadians might find it more challenging to convince.
Aldi is very serious about its store placement. They even outline some key requirements when searching for new sites via their website.
Aldi is committed to keeping costs down (to help shoppers), so it’s hard to picture Aldi spending a lot of money on a market they aren’t 100% certain will succeed.
Aldi has also taken the advice of Lidl. Lidl went as far to establish a Mississauga headquarters, hire staff and explore possible site options.
Lidl abandoned their plans to close the office, and they fired all employees. Instead, Lidl opened its first U.S. store a few years later. Aldi can use the tale as a cautionary story.
Do Shoppers Want Or Even Need Aldi In Canada?
The Aldi hype factory is so good that even if Canadians don’t really need Aldi stores in their already discount-focused country, they do indeed want them.
Aldi Finds are likely to be a solution. Canadians are able to get cheap bread, cereal and frozen veggies. Aldi’s finds such as character pet beds, inflatable outdoor seating and exercise bikes would nevertheless be popular.
Where Could Aldi Build Stores In Canada?
Aldi may want to start with the largest Canadian cities, Toronto, Vancouver, or Montreal. These cities together have 10.5million people. Canada’s current population density would mean that Aldi would prefer to stay in bigger cities or urban centers.
Learn more by visiting our other posts.
Aldi does not plan to visit Canada in the near-future and shows no sign of being prepared to.
It will take some planning and analysis to get Aldi to move to a different country.
.Is Aldi Coming To Canada In 2022? (Plans + Potential Locations)