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☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ Sam’s Club enters the Thanksgiving meal deal wars with a pre-cooked feast
▼ + stars: | 2024-10-24 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Sam’s Club has now entered the Thanksgiving meal deal wars. Sam’s Club on Thursday announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products. That follows Aldi, which released its lowest-priced Thanksgiving meal deal in five years, feeding 10 people for $47, or $4.70 per person. That is about $2 cheaper than a similar offer at Walmart, which owns Sam’s Club, which markets a meal to serve eight people for less than $7 per person. Unlike Aldi and Walmart’s turkey dinner, Sam’s Club is also offering to deliver the meal fully pre-cooked, ready to be heated up and served in under two hours.

Persons: Costco’s Kirkland, Butterball, Sam’s Club Myron Frazier, it’s, CNN’s Jordan Valinsky Organizations: New, New York CNN — Sam’s, Sam’s, Aldi, Walmart, Sam’s Club Locations: New York, Ukraine, brussels

☆ Aldi says its Thanksgiving meal prices will undercut Walmart as shoppers search for value
▼ + stars: | 2024-10-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Aldi is releasing its lowest-priced Thanksgiving meal deal in five years — and undercutting one of its largest rivals — as inflation-weary consumers shift their shopping habits to more affordable private labels. “With 25% of US households now shopping Aldi, we know grocery prices are still top of mind for customers,” said CEO Jason Hart in a press release. As of August, grocery prices were rising at a pace of 0.9% annually, landing in line with the average increase seen in 2019, according to Bureau of Labor Statistics data. The German company has a low-cost business model and boasts that its prices are up to 50% cheaper than traditional supermarkets. At around 12,000 square feet, its stores are much smaller than a typical US supermarket of 40,000 square feet.

Persons: ”, Jason Hart Organizations: New, New York CNN, Aldi, Walmart, of Labor Statistics Locations: New York, Ukraine

☆ Owner and Manager of Grimaldi’s Pizzeria Plead Guilty to Wage Theft
▼ + stars: | 2024-05-29 | by ( Lola Fadulu | More About Lola Fadulu | ) www.nytimes.com time to read: 1 min

The owner of Grimaldi’s Pizzeria and the manager of the restaurant’s Manhattan location pleaded guilty to stealing more than $32,000 in wages from 18 employees by bouncing checks and sometimes by not paying workers at all, prosecutors announced on Wednesday. The owner, Anthony Piscina, 63, and the manager, Frank Santora, 71, each pleaded guilty to one count of attempted scheme to defraud in the first degree. They submitted a cashier’s check to the Manhattan district attorney’s office on Wednesday to pay full restitution as their sentence. The plea means that “18 hard-working New Yorkers will be made whole,” Alvin Bragg, the Manhattan district attorney, said in a statement. Gerard Marrone, a lawyer representing both Mr. Piscina and Mr. Santora, said his clients had entered guilty pleas to put the case behind them and that they were merely “guilty of very bad record-keeping.”

Persons: Anthony, Frank Santora, ” Alvin Bragg, Gerard Marrone, Santora, ” Locations: Manhattan

☆ Aldi’s ‘aisle of shame’ is a middle row of goodies that have nothing to do with groceries. Shoppers are huge fans of it
▼ + stars: | 2024-04-19 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

Inside every Aldi store is a single aisle of merchandise that mostly has nothing to do with groceries. The Wednesday rush can often be pinned on die-hard Aldi shoppers, 3 million of whom are members of the very active Aldi Aisle of Shame Facebook page and frequently post about their latest aisle of shame hauls. They know it’s Aldi,” Pratt said. The German Supermarket acquired Winn-Dixie, Harveys Supermarkets and other grocery stores in the Southeast in an attempt to increase its presence in the region. That’s where this aisle of shame fits in and helps Aldi offer its low prices overall.”

Persons: New York CNN — Caitlyn Pratt, Pratt, Aldi’s, who’s, ” Pratt, she’s, “, Caitlyn Pratt, Caitlyn Pratt Pratt, ”, I’ve, Britney Henderson, Britney Henderson Britney Henderson, “ I’m, ” Henderson, Aldi, John Clear, Alvarez, Clear, Jason Hart, Brandon Bell Organizations: New, New York CNN, Walmart, Aldi, CNN, ALDI, Morning, Target, Costco, German Supermarket, Harveys, Products Locations: New York, Heavener , Oklahoma, Arkansas, Iowa, Atlanta , Georgia, It’s, Pflugerville , Texas, Winn

☆ Aldi plans to open 800 new locations in the next five years
▼ + stars: | 2024-03-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Some of the 800 new locations will be store conversions from its now-complete acquisition of Winn-Dixie and Harveys Supermarkets, with a “significant number” of those locations — largely located in the Southeast — ditching their respective names and being remodeled into an Aldi. Approximately 50 stores will be converted later this year, with a majority of those reopening under the Aldi name in 2025. However, the Winn-Dixie and Harveys Supermarkets names won’t completely disappear: Aldi said that a “meaningful amount” of locations will retain that branding. Aldi’s newest plan brings its store count to nearly 3,000 US locations, a notable expansion but still trailing against its rivals. If their merger is approved, Kroger and Albertson’s will have about 4,500 locations and Walmart, the nation’s largest grocer, has nearly 5,000.

Persons: Aldi, Winn, Neil Saunders, Saunders, ” Saunders, Albertson’s Organizations: New, New York CNN, Winn, Dixie, Harveys, Aldi, GlobalData, Kroger, Walmart Locations: New York, Northeast, Midwest, West, Southern California, Phoenix, Las Vegas

☆ Tucker Carlson gets roasted for praising decades-old shopping cart tech in Russia
▼ + stars: | 2024-02-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewFormer Fox News personality Tucker Carlson is posting videos of himself experiencing various aspects of daily life in Moscow — and a moment involving Russian shopping carts has led to him being roasted on social media. AdvertisementTucker is excited that the Russians have figured out a way to keep homeless people from taking shopping carts. Although the shopping cart locks in Carlson’s video are far more widespread in Europe, they’re also a common sight at German-owned Aldi’s US stores. AdvertisementAn Aldi shopping cart in New York City. The shopping cart at the grocery store I go to allows me to scan items as I put them in the cart while shopping," X user EgilsRobs wrote.

Persons: —, Tucker Carlson, Vladimir Putin, Carlson, “, ” Carlson, Tucker, R5pJSDEDsf, Ron Filipkowski, “ He’s, @Brandon_Newton1, they’re, Talia Lakritz, George Herbert Walker Bush, EgilsRobs Organizations: Service, Fox News, Business, Critics, Aldi, Walmart, Costco Locations: Moscow —, Europe, New York City, Russian, American, Canada, Australia, Russia, America, Moscow

☆ What Inspires Peter Capaldi: Vermeer, ‘Demon Copperhead,’ ‘The Wire’
▼ + stars: | 2024-01-13 | by ( Kathryn Shattuck | ) www.nytimes.com time to read: 1 min

Sometimes it pays to stick close to home. The more Peter Capaldi heard as his wife, the producer Elaine Collins, and the writer Paul Rutman hashed out the story line for the new Apple TV+ thriller “Criminal Record,” the more he hinted that he was their man. They cast him as Daniel Hegarty, a veteran detective on the police force, who has a murky past. As Rutman wrote the script, Capaldi’s voice and face were front and center. “That’s the first time that has really happened to me,” said Capaldi, whose adversary, June Lenker — a younger detective contending with misogyny and racism within the force — is played by Cush Jumbo.

Persons: Peter Capaldi, Elaine Collins, Paul Rutman, Daniel Hegarty, Rutman, “, ”, Capaldi, Lenker —, —, Cush Jumbo, ” Capaldi, Who Organizations: Apple

☆ Animatronic model of E.T.’s head expected to fetch up to $1 million at auction
▼ + stars: | 2023-11-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

The animatronic model from “E.T. the Extra-Terrestrial” is part of a sale organized by Julien’s Auctions and Turner Classic Movies, which, like CNN, is owned by Warner Bros. The model is expected to sell for up to $1 million. This model comes from Rambaldi’s own collection, as did the animatronic figure of E.T. His daughter, Daniela Rambaldi, recalls her father finding inspiration for E.T.’s expressive blue eyes from their family cat “Kikka,” the auction house said.

Persons: Steven Spielberg’s, E.T, Carlo Rambaldi, Daniela Rambaldi, Elliott, Michael Keaton, “, Harry Potter, Richard Harris, Albus Dumbledore, “ Harry Potter, America’s, America, Robert Downey Jr Organizations: CNN, Julien’s, Turner, Warner Bros ., Marvel, “, America Locations: Beverly Hills , California

☆ Why Aldi Is the Fastest Growing Grocer in the U.S.
▼ + stars: | 2023-10-31 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why Aldi Is the Fastest Growing Grocer in the U.S.Aldi’s no-frills strategy has helped make it one of the cheapest and the fastest growing grocery stores in the U.S. WSJ explains why its unique approach to the shopping experience makes it a threat to competitors. Photo Illustration: Annie Zhao

Persons: Annie Zhao Organizations: Aldi, Fastest, WSJ Locations: U.S

This one won an extended Game 1 of the World Series for the Texas Rangers. If I did that, I’d be screaming, too,” Texas second baseman Marcus Semien said. “It's going to be a really good series,” García said. He became the first position player in MLB history to appear in a World Series 15 years after first playing in the Fall Classic. He also became the fourth player with a World Series hit at both age 23 or younger AND 38 or older.

Persons: Adolis García, Corey Seager's, mobbed, “, Josh Jung, ” Miguel Castro, El Bombi, Corbin Carroll, García, Max Muncy, Nathan Eovaldi —, ” García, Evan Carter's, Merrill Kelly, Jordan Montgomery, Seager, Paul Sewald’s, Leody, Bruce Bochy, ” José Leclerc, that's, we’ve, Torey Lovullo, ” Seager’s, Tony Beasley, ”, Marcus Semien, ” Seager, Tommy Pham, Ketel, Carroll, Zac Gallen, Mitch Garver, Gallen, Ryan Thompson, Joe Mantiply, Kevin Ginkel, Sewald, “ It's, Evan Longoria’s, Eddie Murray, Pee Wee Reese, Willie Mays, David Freese, Freese, ___ Organizations: Texas Rangers, Arizona Diamondbacks, ” Rangers, Los Angeles Dodgers, Boston, Rangers, Kansas City Royals, New York Mets, Arizona, Diamondbacks, Houston, Star, Marte, NL, Tampa Bay Rays, League, Rays, St, Louis Cardinals, Texas, Kelly Locations: ARLINGTON , Texas, Texas, Arizona, ” Texas

☆ Premarket stocks: How China's economic turmoil could hurt your portfolio
▼ + stars: | 2023-08-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

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

☆ Aldi is buying 400 Winn-Dixie and Harveys supermarkets
▼ + stars: | 2023-08-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024. Some of the nearly 400 Winn-Dixie locations Aldi is acquiring will keep the familiar red-and-white Winn-Dixie branding and traditional store layout, but many will convert to Aldi’s brand and bare-bones store format. The acquisition – which includes Harveys Supermarket – will add locations across Alabama, Florida, Georgia, Louisiana and Mississippi to Aldi’s portfolio. Winn-Dixie and Harveys Supermarket had long been staples in the Southeast region. Aldi has not disclosed how many of the Winn-Dixie and Harveys stores it plans on converting, or how much the deal cost.

Persons: Winn, Jason Hart, Aldi, Dixie, Neil Saunders, ” Saunders, ” Hart, Kroger, it’s, Phil Lempert, Lampert, “ that’s, ” Lempert, “, ” Lampert, Saunders Organizations: New, New York CNN, Aldi, Winn, Dixie, Harveys, Southeastern Grocers, Fresco Retail, Albertsons, Publix, Sunshine State Locations: New York, Alabama , Florida, Georgia, Louisiana, Mississippi, Florida, United States, Southeast, “, Aldi, Winn, Sunshine

☆ With home improvement projects down, it’s Ikea’s moment
▼ + stars: | 2023-07-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

Over the next three years, it plans to open eight large stores and nine smaller “plan and order points,” where customers can chat with design consultants and order products. “We see endless opportunities to grow” in the US, Tolga Öncü, head of Ikea Retail for the Ingka Group, Ikea’s Dutch holding company, said in a statement at the time. After splurging on home improvement projects during the pandemic, consumers are pulling back. Home improvement retailer Lowe’s lowered its profit and sales outlook for the year in May, saying consumers were spending less on home improvement. Ikea, which is not publicly traded, reported that its retail sales rose by 6.5% in fiscal year 2022, but didn’t post quarterly results.

Persons: ”, Michael Brown, Spencer Platt, Tolga Öncü, Karl Zimmermann, “, Sucharita Kodali, Forrester, “ they’re, Zimmermann, Paul Bersebach, Marisa Ortega, splurging, Ethan Allen, ” Ortega, —, Anna Cooban, David Goldman, Nathaniel Meyersohn, Parija Kavilanz Organizations: New, New York CNN, Ikea, Ikea Retail, Ingka, Bain, MediaNews, Orange, Register Locations: New York, Aldi, Long Beach , California

☆ Don't worry pizza-heads, NYC is still safe for pizza
▼ + stars: | 2023-06-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —Lawmakers and prominent social media personalities have in recent days rallied against a proposed New York City rule that some say would crack down on the city’s beloved pizzerias. New York City is famously and deservedly known for its pizza. I hear New York City is trying to ban delicious pizza. New York City Mayor Eric Adams made a similar point during a press conference on Monday. So wait, did someone really throw a pizza at City Hall in protest of the proposed rule?

Persons: pizzerias, Sen, Marsha Blackburn, ” Dave Portnoy, Elon Musk, Michael Berman, Photodisc, “, Edward “ Ted ”, Michael Seilback, Pizza's, Artem Vorobiev, ”, Garima, Seilback, Eric Adams, wouldn’t, Adams Organizations: New, New York CNN — Lawmakers, Tennessee, Barstool Sports, Twitter, City Hall, City, city’s Department of Environmental, CNN, New York City Department of Environmental, Edward “ Ted ” Timbers, NYC Department of Environmental, American Lung Association, Getty, Columbia University, New York City Locations: New York, New York City, York City

☆ How 'A Charlie Brown Christmas' became a holiday music hit
▼ + stars: | 2022-12-13 | by ( Aj Willingham | ) edition.cnn.com time to read: +10 min

CNN —The familiar tunes of “A Charlie Brown Christmas” transport us. In 1965, when “A Charlie Brown Christmas” first aired, Christmas jazz wasn’t exactly a thing. The musical formula they created didn’t just make “A Charlie Brown Christmas” an instant hit. “Bossa nova was one of the things that helped smooth its way to popularity.”A still from 1965's "A Charlie Brown Christmas." A woman listens to music from "A Charlie Brown Christmas" on her phone in 2013.

☆ Low-price grocers like Aldi are winning as consumers trade down
▼ + stars: | 2022-10-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN Business —With grocery prices soaring, consumers are changing the way they shop for food. “Inflation is hitting everyone.”More consumers are additionally switching over to store brands, also called “private label,” which are often comparable in quality and lower in price. “I don’t think you can underestimate the strength of all these private label offerings,” said Heather Lalley, editor in chief of Winsight Grocery Business, a trade publication. “Now we’re seeing other retailers trying to emulate them.”In September, for example, Kroger (KR) announced a new budget private label brand called Smartway, which consolidates some of its other private label brands under one umbrella. Aldi, for one, is rolling out a new tagline to explain what it’s all about: It’s An Aldi Thing.

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