retail news in context, analysis with attitude

• Whole Foods - currently hoping to be acquired by Amazon for $13.7 billion - yesterday said that its Q3 same-store sales were down 1.9 percent, on quarterly net income of $106 million, down from $120 million during the same period a year ago. Total sales for the period were $3.7 billion, up $22 million from a year earlier.


Reuters reports that German discounter Aldi North is saying that it plans to spend the equivalent of $6 billion (US) "to revamp its stores in Germany and around Europe ... Aldi North's sister chain Aldi South announced plans in June to invest $3.4 billion to expand its U.S. store base to 2,500 by 2022."
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