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☆ Aldi is the latest grocery store to use a rival version of Amazon's Just Walk Out tech
▼ + stars: | 2024-02-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Aldi is reportedly testing checkout technology similar to Amazon's Just Walk Out at a store. The technology, from startup Grabango, has been used at a Chicago-area Aldi store since November. AdvertisementAldi is the latest retailer to add in-store technology that functions like Amazon's Just Walk Out checkout system. Like Amazon's Just Walk Out, Grabango's technology allows customers to download an app on their phone and add their credit card information. AdvertisementHave you visited the Aldi store in Aurora and have a story idea or insight to share?

Persons: — Organizations: Aldi, Retailers, Service, Amazon, Foods, Grabango, Business Locations: Chicago, Aurora , Illinois, Aldi's, North Carolina, Aurora

☆ A couple in their 30s hit a $1 million net worth by saving and investing most of their 5-figure incomes. They share the strategies that helped them live on $26,000 a year without feeling deprived.
▼ + stars: | 2024-02-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Read previewWhen Lauren and Steven Keys landed their first full-time jobs, they were earning well below the national average. Courtesy of Lauren and Steven KeysBetween 2013 and 2015, the Keys say they saved over $100,000 . Courtesy of Lauren and Steven Keys"It's not just gas," said Steven, who biked to work so Lauren could use the car for her commute. "You don't have to pay for insurance on the second car, you don't have to pay for maintenance or repairs or tires. While they don't work traditional 9-to-5 jobs, they have a variety of revenue streams that more than sustain their lifestyle.

Persons: —, Lauren, Steven Keys, Steven, Lauren didn't, Keys, It's, They've, They're, they've, we're, we've, there's Organizations: Service, Business, BI, University of Florida, Walmart, Costco, Aldi, Sam's, paychecks Locations: Gainesville, Orlando, San Francisco, Publix, Gainesville , Florida, Hawaii

☆ I'm a culinary judge who shops at Aldi. Here are 12 things I recently bought and loved.
▼ + stars: | 2024-02-06 | by ( Meredith Ochs | ) www.businessinsider.com time to read: 1 min

The Emporium Selection Champagne cheese has a unique flavor profile. Meredith OchsAldi carries a respectable range of cheeses, like bakeable brie, halloumi-style "fries," and Gruyere from Switzerland. On this trip, I picked up a package of the Emporium Selection Champagne cheese. The cheese had the pleasant aroma many brands of Champagne have and I could even taste the bubbly in it. When I visited, Aldi also had Emporium Selection balsamic-onion and black-truffle cheddar.

Persons: Meredith Ochs Aldi, bakeable Organizations: Aldi Locations: Champagne, halloumi, Switzerland

☆ I've lost over 100 pounds in less than 2 years. These 9 Aldi buys have helped me stay on track.
▼ + stars: | 2024-02-05 | by ( Jake Sikora | ) www.businessinsider.com time to read: +1 min

Over the past year and a half, I've lost over 100 pounds and have kept it off. I shop at Aldi for healthy and lighter food items that won't break the bank. During my last trip to Aldi, I purchased items like fresh produce and low-calorie sauces and spices. AdvertisementOver the past year and a half, I've lost over 100 pounds. Now, I shop at Aldi for delicious, budget-friendly items that help me maintain my weight loss and healthier lifestyle.

Persons: I've, — Organizations: Aldi, Service Locations: Aldi

☆ 14 of the best specialty items to get at Aldi this month
▼ + stars: | 2024-02-01 | by ( Paige Bennett | ) www.businessinsider.com time to read: 1 min

Get ready for game day with Appetitos' filled pretzel bites. The filled pretzel bites come in cheddar and pepper-jack flavors. AldiThe Super Bowl kicks off on February 11, so stock up on cheese-filled pretzel bites at Aldi before the big game. The frozen appetizer comes stuffed with cheddar or, if you like a little heat, there's a pepper-jack variety as well. Try one or both for $3 a box.

Persons: Appetitos Organizations: Aldi Locations: cheddar

☆ I follow the Mediterranean diet and spend $40 a week at Aldi. Here are my favorite things to buy for just myself.
▼ + stars: | 2024-01-31 | by ( Kristan Schiller | ) www.businessinsider.com time to read: 1 min

Each week, I make the 15-minute drive to my local Aldi in Cleveland to stock up on groceries. I'm a single shopper on the Mediterranean diet, which my doctor recommended because I've inherited high cholesterol from my parents. As a faithful pescatarian of about 10 years, I'm a huge fan of Aldi's fish and legume options. Here are a few essentials I buy at Aldi each week.

Persons: I've, I'm Organizations: Aldi Locations: Cleveland

☆ I'm a Canadian who's lived in NYC and Toronto. Quality of life is better in Canada, but I still prefer the US.
▼ + stars: | 2024-01-30 | by ( Anna Haines | ) www.businessinsider.com time to read: +4 min

After eight years of living between New York City and Toronto, I find the quality of living is better in Canada. And yet, as a Canadian, I still prefer living in the US — particularly New York City — over my home country. I think Americans are friendlier than CanadiansThe stereotype is that Canadians are nice, and I think that does hold true. In my experience traveling across the US and meeting Americans abroad, Americans are often chattier than Canadians. Americans love pop culture, and so do II think pop culture is way more exciting in the US than in Canada.

Persons: doesn't, Ryan Gosling, Matthew Perry, Karwai Tang, There's, I've, it's, Jennifer Ortakales Dawkins, — Organizations: Apple TV, Netflix, Farm, Foods, Costco, Aldi, Target, Nordstrom Locations: New York City, Toronto, Canada, Peacock, bodega

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

Some are sentenced to hard labor and forced to work – or face punishment – and are sometimes paid pennies an hour or nothing at all. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. The AP reached out for comment to the companies it identified as having connections to prison labor, but most did not respond. Corrections officials and other proponents note that not all work is forced and that prison jobs save taxpayers money. They also aren’t learning skills that will help them when they are released,” said law professor Andrea Armstrong, an expert on prison labor at Loyola University New Orleans.

Persons: They’re, they’ve, Russell Stover, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, they’re, ”, David Farabough, don’t, Andrea Armstrong, Columbia University’s Ira A, Lipman Organizations: Associated Press, Kroger, Target, Aldi, U.S, Walmart, Costco –, Washington, American Civil Liberties Union, AP, Maine Foods, Taylor Farms, Archer Daniels Midland, Consolidated, Foods, Corrections, Loyola University New Orleans, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: U.S, Idaho, In Kansas, Cal, Arizona, Tennessee , Arkansas, Ohio, Arkansas, Investigative@ap.org

☆ Loyal Aldi shoppers shared their grocery lists with us — here are the best things they're buying for breakfast
▼ + stars: | 2024-01-24 | by ( Business Insider | ) www.businessinsider.com time to read: +10 min

Read Amanda Turner's full Aldi shopping list: I'm a military wife who drives 90 minutes with my toddler to shop at Aldi. Read Tori Hazelett's full Aldi shopping list: I'm a chef and mom of 2 who loves Aldi. Read Megan Schuett's full Aldi shopping list: I spend $100 a week at Aldi to feed my family of 4. Read Jailynn Taylor's full Aldi shopping list: I shop at Aldi for just myself and spend under $50 a week. Read Lisa Tanner's full Aldi shopping list: I'm a mom of 10 who loves shopping at Aldi.

Persons: —, Courtney Nuss, Read Courtney Nuss, Amanda Turner, Amanda Turner Turner, Read Amanda Turner's, Spencer Morin, Read Spencer, Tori Hazelett, Tori Hazelett Hazelett, Aunt Maple's, Read Tori Hazelett's, Megan Schuett, Megan Schuett Schuett, Megan Schuett Schuett's, Read Megan Schuett's, Jailynn Taylor, Taylor, Lisa Tanner, Lisa Tanner Tanner, Read Lisa Tanner's, Matthew Lesky, Lesky, Read Matthew Lesky's, I've, Meredith Ochs, Ochs, Read Meredith Ochs, Kaur, Rachel Garlinghouse, Rachel Garlinghouse Aldi, Read Rachel Garlinghouse's, Zamot, Dajha, Zamot Zamot Organizations: Aldi, Millville, Service, Aldi Turner, creamer Locations: Millville, Nuss, Aldi

☆ The 10 frozen meals an Aldi employee swears by for her family of 4
▼ + stars: | 2024-01-21 | by ( Dajha Zamot | ) www.businessinsider.com time to read: 1 min

As an Aldi employee, I love picking up tasty frozen foods for my family. I add the Season's Choice tropical blend of frozen fruit to smoothies for a speedy breakfast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a busy mom and Aldi employee, I need easy meals that come together quickly for my family. Here are 10 frozen foods I like to pick up at Aldi.

Persons: — Organizations: Aldi, Kirkwood, Service

☆ I'm a 26-year-old HENRY. I'm in the top 1% of earners and a homeowner — I won't be happy until I'm completely financially free.
▼ + stars: | 2024-01-19 | by ( Ryan S. Gladwin | ) www.businessinsider.com time to read: +7 min

Working in the tech industry as a data analyst, Ruan purchased a £450,000 apartment in London. AdvertisementThis as-told-to essay is based on a transcribed conversation with Ben Ruan, a data analyst living in London. Job-hopping meant I could put a house deposit down by 26Ben Ruan's living room in his central London apartment Ben RuanWhenever I work at a company, I ask myself: Am I learning? AdvertisementThe kitchen in Ruan's London apartment. AdvertisementWhile I'm not rich yet, I believe I'll be where I want to be in five years.

Persons: Ben Ruan, Ruan, —, Ben Ruan's, I'm, Banks, Ben Ruan I, Spencer, Ben Ruan I'm, homeownership, I've, HENRY Organizations: Service, Business, Coventry University, Big Tech, JD, Mercedes, Benz, Asda, Aldi, Waitrose Locations: London, Snapchat, Wavemaker, Central London, Ruan's London

☆ I went to Aldi with a $20 budget, and I still can't believe how many groceries I got for 2 people
▼ + stars: | 2024-01-13 | by ( Joe Opaleski | ) www.businessinsider.com time to read: +1 min

I shop at Aldi, and I wanted to see how much I could get for my two-person household for $20. I found some good deals on staples like spinach, ground chicken, and yogurt, which I knew we'd eat. I put all three of those things to the test and challenged myself to shop for my two-person household with a $20 budget. I opted for staples during this run to see what kinds of whole foods $20 could get you at Aldi. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Aldi, Service, Business

☆ The deterioration of corporate training has become a hot topic after a recent college grad said she was 'hired and fired' 6 days into her first job
▼ + stars: | 2024-01-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA recent grad who said she was "hired and fired in less than two weeks" from her first job out of college has sparked a conversation on TikTok about the deterioration of corporate onboarding. She said it was her first full-time job after graduating from college last August. Frederick said her colleagues told her they didn't know what to give her to do, which led her to feel "useless." She was told it wasn't working out and the company would be seeking another candidate.

Persons: —, Sierra Desiray Frederick, she'd, Frederick, hadn't, she's Organizations: Service, Aldi, Business Locations: Tennessee

☆ I lived in China for almost 2 years. I missed these 11 things from Aldi while I was abroad.
▼ + stars: | 2024-01-08 | by ( Amanda Florian | ) www.businessinsider.com time to read: +1 min

I lived in China for almost two years and found myself craving nostalgic grocery items from Aldi. Now that I'm back in the US, I enjoy the nostalgia, warmth, and low prices the store brings me. AdvertisementI moved to the northwestern part of Shanghai, China, in 2017 and lived there for almost two years. China's rich cuisine is unmatchable, but sometimes, I craved nostalgic grocery items I could only get back home in the US. I've been shopping at Aldi for years, and now that I'm back in the US, I enjoy the nostalgia, warmth, and low prices the store brings me.

Persons: — Organizations: Aldi, Service, Business Locations: China, Shanghai

☆ Inflation has created a dark cloud over how everyday Americans view the economy
▼ + stars: | 2023-12-25 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

There's rising hope that monetary policymakers have successfully cooled inflation without tipping the economy into a recession. Yet closely watched survey data from the University of Michigan shows consumer sentiment, while improving, is a far cry from pre-pandemic levels. Inflation vs. the job marketContinued strength in the labor market is something economists expected to sweeten everyday Americans' views of the economy. While the Michigan index compiles questions focused on financial conditions and purchasing power, the Conference Board's more closely gauges one's feelings about the job market. A hot job market can be a double-edged sword for sentiment, Michigan's Hsu noted.

Persons: Scott Olson, Kyle Connolly, Connolly, she's, Joanne Hsu, we're, Hsu, That's, Camelia, Kuhnen, Michigan's Hsu, UNC's Kuhnen, Karen Dynan, Marissa Lyda, Lyda, She's, there's, There's, Harvard's, Dynan, Jerome Powell, Kevin Lamarque Organizations: Toyota, Facebook, Federal Reserve, University of Michigan, Bureau of Labor Statistics, Labor Department, Conference, University of North, U.S . Treasury Department, Walmart, Federal, Committee Locations: Chicago , Illinois, Florida's panhandle, Michigan, University of North Carolina, Harvard, Phoenix, Portland, Kroger, Washington , U.S

☆ L.A. poultry firm hired kids as young as 14 to work with sharp knives, Labor Dept. says
▼ + stars: | 2023-12-04 | by ( Laura Strickler | ) www.cnbc.com time to read: +3 min

"The Exclusive Poultry and owner Tony Bran willfully withheld workers' hard-earned wages, endangered young workers and retaliated against employees to conceal their wrongdoing," said Jessica Looman, administrator of the Labor Department's Wage and Hour Division. Labor investigators repeatedly went to the company's poultry processing locations and said in affidavits they saw young workers they estimated were 14 to 17 years of age, but the workers refused to talk and would run from them. The Labor Department told NBC News it subsequently confirmed that some of the workers were as young as 14. Workers allegedly told investigators that minors who worked at the company were hidden in closets and bathrooms when the investigators arrived so they would not be found. In fall 2022, the department found more than 100 children, some as young as 13, cleaning slaughterhouses for a Midwestern firm.

Persons: Tony Bran, Jessica Looman, Anthony McClaren, McClaren, Bran, Biden Organizations: Labor Department, Aldi, Ralphs, Kroger, Labor, NBC, NBC News, Department of Labor, Workers Locations: Los Angeles

☆ My family of 6 eats gluten-free. Here are 12 items I always buy at Aldi.
▼ + stars: | 2023-12-04 | by ( Rachel Garlinghouse | ) www.businessinsider.com time to read: +1 min

Aldi's line of gluten-free products makes grocery shopping easy. During my most recent trip to Aldi, I stocked up on frozen fruit, gluten-free coffee, and deli meat. Aldi offers tons of gluten-free options, and the store even carries its own gluten-free line of products called liveGfree. Although Aldi carries other gluten-free items outside of this line, it's important to remember that some of them may not be certified. Here are 10 gluten-free items I picked up for my family during my most recent trip to Aldi.

Persons: — Organizations: Service, Aldi Locations: Aldi

U.S. health officials recalled three more brands of whole and pre-cut cantaloupes Friday as the number of people sickened by salmonella more than doubled this week. The U.S. Food and Drug Administration's original recall included Malichita brand whole cantaloupe, Vinyard brand pre-cut cantaloupe and ALDI whole cantaloupe and pre-cut fruit products. Rudy brand whole cantaloupes and Freshness Guaranteed brand and RaceTrac brand pre-cut cantaloupes joined the list Friday. Health officials say anyone who bought the recalled fruits should throw them away and wash surfaces that touched them with hot, soapy water or in a dishwasher. Most people infected with salmonella develop diarrhea, fever and stomach cramps within six hour to six days after consuming food contaminated with the bacteria.

Persons: Rudy, cantaloupes, JoNel Aleccia, Robert Wood Johnson Organizations: U.S . Food, ALDI, Health, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Arizona , Missouri, Minnesota , Wisconsin, Ohio, Minnesota, U.S

☆ What’s open and closed on Thanksgiving Day 2023
▼ + stars: | 2023-11-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Thanksgiving Day has looked different in recent years. Sights of people lining up at 5 pm Thanksgiving Day at large retailers to catch Black Friday deals are rare since the onset of the pandemic. Here’s what’s open and closed on Thanksgiving Day 2023. RetailTarget is closed on Thanksgiving Day. Brendan Smialowski/AFP/Getty ImagesPharmaciesMost Walgreens locations will be closed, marking the first time the pharmacy chain has closed stores on Thanksgiving day, it said.

Persons: Here’s, “, Brian Cornell, We’ll, John Furner, Nordstrom, Brendan Smialowski, Tom Thumb, Kroger, Felix Mizioznikov, – CNN’s Jennifer Korn Organizations: New, New York CNN, Walmart, NBC, CVS, Getty, Walgreens, CVS Health, ., Aid, Foods, Albertsons, Safeway, Aldi, Costco, Nasdaq, New York Stock Exchange, UPS, FedEx Locations: New York, Washington ,, AFP, Brenham , TX, USA, Texas, Alamy

☆ UK retail sales slide again in October in new blow for economy
▼ + stars: | 2023-11-17 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed on Friday in a new warning sign for the economy. Retail sales volumes dropped 0.3% month-on-month, following a revised 1.1% decline in September that was worse than first estimated, the Office for National Statistics said. Economists polled by Reuters had forecast that sales volumes would rise by 0.3% on the month in October. Overall the figures fitted with the darkening outlook for Britain's economy, with economic growth stagnant and strong price pressures now fading, albeit slowly. The figures also showed a small downward revision in retail sales for the third quarter.

Persons: Phil Noble, Spencer, James Davey, William James Our Organizations: Shoppers, REUTERS, National Statistics, Reuters, Investors, Bank of England, Retailers, Britain, Tesco, Thomson Locations: Altrincham, Britain

U.S. health officials are warning consumers not to eat certain whole and cut cantaloupes and pre-cut fruit products linked to an outbreak of salmonella poisoning. Several brands of whole and pre-cut cantaloupes and pre-cut fruit have been recalled. They include Malichita brand whole cantaloupe, Vinyard brand pre-cut cantaloupe and ALDI whole cantaloupe and pre-cut fruit products. Investigators are working to identify any additional cantaloupe products that may be contaminated. Officials in Canada are investigating an outbreak involving the same strain of salmonella, which they detected in a sample of Malichita brand cantaloupe.

Organizations: ALDI, Consumers, Officials, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Canada

☆ Even though turkey prices dropped, Thanksgiving dinner won't be cheaper this year. Here are 5 ways to bring costs down.
▼ + stars: | 2023-11-17 | by ( Jennifer Streaks | Senior Personal Finance Reporter | Read More | ) www.businessinsider.com time to read: +4 min

Turkey costs may be down, but Thanksgiving dinner will still be expensive this year. Make dinner a potluck, opt for cuts of turkey instead of the whole bird, or use a Thanksgiving meal kit to save. Inflation is finally slowing down and turkey prices have dropped, but Thanksgiving dinner will still be expensive this year. You will be surprised at what you already have on hand that you can whip up for Thanksgiving dinner. Use a Thanksgiving meal kitIn an effort to make Thanksgiving prep easier and less expensive, several retailers have put together Thanksgiving meal kits that have all you need in one place and for a budget -friendly price.

Persons: —, Wells Organizations: Service, Wells Fargo AgriFood Institute, Walmart, Aldi, Target Locations: Turkey, Wells Fargo

☆ UK grocery inflation in single digits for first time this year -Kantar
▼ + stars: | 2023-11-07 | by ( James Davey | ) www.reuters.com time to read: +3 min

Market researcher Kantar said annual grocery inflation was 9.7% in the four weeks to Oct. 29, down from 11% in last month's report. The Kantar data provides the most up-to-date snapshot of UK grocery inflation. Kantar said grocery sales in the four weeks to Oct. 29 rose by 7.4% compared with last year. Spending on promotions hit 27.2% of total grocery sales – the highest level since Christmas last year. UK supermarkets' market share and sales growth (%)Source: Kantar($1 = 0.8061 pounds)Reporting by James Davey Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Phil Noble, Kantar, Fraser McKevitt, Rishi Sunak, James Davey, Mark Potter Organizations: REUTERS, Bank of England, Barclays, Thomson Locations: Altrincham, Britain

☆ Sainsbury’s gain is private equity’s pain
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 2 (Reuters Breakingviews) - Red hot competition in the UK grocery market is favoring the largest players. Sainsbury’s CEO Simon Roberts reckons the 6.5 billion pound group has been taking market share from rivals including discounters Aldi and Lidl. That may not be good news for Sainsbury’s smaller peers like Morrisons and Asda, owned by Clayton, Dubilier & Rice and EG Group respectively. Both Sainsbury’s and Tesco have held their market shares relatively stable since 2021, when CD&R bought Wm Morrison. Sainsbury’s is currently valued at 5 times forward EBITDA, according to LSEG data.

Persons: J Sainsbury’s, Simon Roberts reckons, Wm Morrison, Aimee Donnellan, Aston Martin, Neil Unmack, Streisand Neto Organizations: Reuters, Aldi, Tesco, Clayton, Rice, EG, R, Asda, Morrisons, Pfizer, Thomson Locations: Britain’s, Asda, Dubilier

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