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Report: Walmart preps for next competitive threat
Executives at Walmart are planning their next move in anticipation of its newest rival — and asking suppliers to support their cause. The European grocer Lidl, which has a track record for disruption, is preparing to open its first 20 United States-based stores this summer. The first locations are set to open their doors in the next few weeks. As a result, Walmart is asking suppliers to keep their prices low, according to the Consumerist. -
Aldi makes leadership claim on low prices
Watch out Walmart — discount grocer Aldi is beating you in one crucial area. Aldi’s prices are 21% lower than its lowest-priced rivals, including Walmart, CEO Jason Hart told Reuters. And he plans to maintain that gap going forward. The fast-growing Aldi, which recently entered California, operates some 1,600 stores in the United States, with 400 new locations planned by the end of 2018.