Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Aldi USA"


2 mentions found


The German supermarket chain Aldi is acquiring hundreds of Winn-Dixie and Harveys Supermarket stores in the southeastern United States, the company announced on Wednesday. Aldi said the deal included about 400 grocery stores in Alabama, Florida, Georgia, Louisiana and Mississippi. Some of the locations will be converted into Aldi stores, while the others will remain operating under their current brands. Aldi, a discount retailer, opened its first stores in the United States in 1976. The chief executive of Aldi USA, Jason Hart, said in a statement that the company hoped to keep growing in the United States and that it aimed to add 120 new stores in the country this year.
Persons: Aldi, Jason Hart Organizations: Aldi, Dixie, Harveys, Aldi USA Locations: Winn, United States, Alabama , Florida, Georgia, Louisiana, Mississippi
Why it matters: “For most of the last two decades, China’s economic growth has been a major driver of the global economy,” said Alex Etra, a strategist at data analytics firm Exante. That means that if China’s economy slows down, global economic growth slows down. ExxonMobil (XOM) may not be doing too much business with China, said Etra, but if Chinese growth slows, that means oil prices go down. Earlier this year, Bank of America compiled a list of the S&P 500 companies with the highest exposure to China. The grand total of all the private wealth in the world fell 2.4% to $454.4 trillion last year, according to the annual Credit Suisse and UBS global wealth report.
Persons: Joe Biden, BlackRock, , Alex Etra, Michael Burry’s, Allison Morrow, That’s, Jason Hart, Winn, ” Hart, , Ramishah Maruf Organizations: CNN Business, Bell, New York CNN, country’s National Bureau of Statistics, ExxonMobil, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, Funds, PitchBook, Michael Burry’s Scion Asset Management, Moore Capital Management, D1 Capital, Tiger Global, Securities, Exchange, Credit Suisse, UBS, Millionaires, Aldi, Dixie, Winn, CNN Locations: New York, Beijing, China, Ukraine, United States, Aldi, Winn
Total: 2