November 5, 2024

Taylor Daily Press

Complete News World

‘Crisis at Aldi due to margin decline’: major restructuring possible |  News

‘Crisis at Aldi due to margin decline’: major restructuring possible | News

Aldi’s sales volume had increased in 2022, but the supermarket chain was still losing ground operationally, Handelsblatt wrote. According to the German business newspaper, the company has a “major cost problem”. There is no official response from Aldi.

In Germany, the chain would still make a profit, albeit a much smaller one. In France and Denmark, on the other hand, red numbers are written. Aldi has sold stores to competitors in Denmark, but the opponent wants to remain active in France. Details about Belgium are not known. Last month, Belgian trade unions sounded the alarm about a possible cost-cutting measure, which management denied.

In addition, according to the “Handelsblatt”, the planned takeover of Aldi Süd’s IT system has also been cancelled. Aldi Nord and Süd make joint purchases of part of their goods and a joint IT system was supposed to facilitate this. But the northern branch was going to withdraw, according to “Der Spiegel”, because of “inflexible programmes”.

According to Handelsblatt, Aldi Nord CEO Torsten Hufnagel is now working on “the largest restructuring in the company’s history” in response to the problems. The goal is to become more efficient.

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