Aldi, the German-owned company, obtains more than two thousand stores in the United States these days. It is also available in a number of European countries, such as France, Denmark, etc. Aldi is the 9th largest grocery store in the USA, so the popularity of the company is obvious. That is why many people are interested in Aldi stock price today. However, before you invest your money in it, you should learn some information about it; consequently, this article should be helpful.
Even though this chain of supermarkets is growing quickly, it is not possible to purchase Aldi stock. The reason is that the business is family-owned, so external financing is not required for it to grow and operate. All the stock, which is worth more than fifty billion dollars, is owned by the Albrecht family.
What Is Aldi?
It is nothing but a discount grocery chain, the owner of which is a German family. The first store was opened in 1976. By today, the company has invested more than five billion dollars in remodeling the existing departments and in opening new ones. The goal of the organization is to provide its customers with the lowest prices for high-quality products. It is claimed that the prices in the stores are approximately 50 percent lower compared to competitors` supermarkets.
Interestingly, the company`s stores are much smaller than traditional supermarkets in the USA. The low-cost model of Aldi can be explained by the fact that 90 percent of the products happen to be their own labels.
Who Owns Aldi?
The Siepmann Foundation and private family foundations are the owners of the parent company ALDI Einkauf GmbH & Co. oHG. They were established by Karl Albrecht before 2014, the year when he died.
Aldi`s Expansion Plans
Aldi stock market is planning to open a hundred new departments in the United States, and they should be located in new places, such as Arizona, California, etc. Currently, the company obtains more than two thousand departments in 37 states. Moreover, it is growing so quickly that it should become the third-largest chain of supermarkets in the nearest future. By 2022, Aldi is going to increase the number of its stores to 2,500.
The company is also going to expand the curbside pickup service to half a hundred extra stores in the United States by the end of 2021. The service is being provided at around 700 stores these days.
Aldi Isn`t Publicly Traded
Aldi grocery stock is not available on any public stock exchange as the company is owned by a family. Consequently, it is not possible to purchase or sell shares of the chain. It is not possible for investors to find its ticker symbol on the broker`s list because a search will bring no results in Interactive Brokers, Robinhood, etc. Thus, no one can say what the Aldi stock price is.
Is Aldi the Future of American Retail?
Many people believe that companies like Aldi are the future of American retail. Seeing the success of such organizations, it becomes clear that consumers want easy shopping and high-quality products that cost less. This company is offering what they are looking for. One more thing that makes the company preferred is that its stores operate in working-class neighborhoods that tend to be ignored by larger retailers.
Stock investors can get profit from Aldi supermarket stock by seeking publicly traded organizations, which share the same characteristics. The success of the company also indicates that American retail is changing, and people who realize this fact can benefit from it.
Even though it is not possible to figure out what the Aldi share price is, investors can always figure out this information about the company`s competitors:
- Kroger Stock – the stock price is 33.15 dollars.
- Walmart – the stock price is 44.36 dollars.
- Costco Wholesale – the stock price is 355.17 dollars.
You should also remember that the provided above share prices can change.
Aldi happens to be one of the most famous supermarket chains in the United States due to its high-quality products and consumer-friendly approach. The bad part is that it is not possible to purchase Albrecht discounts stock because the owners of the company are the family and its heirs. On the one hand, they could become even more successful if they allowed people to invest. On the other hand, the family-owned nature of the brand is definitely one of the reasons why it is outstanding. Investors, though, have a lot of other alternative options to invest in.
Ethan Moore, crypto and stock trader since 2012. Co-founder of Blockwatch experts team.