How Lidl in America Will Drive U.S. Grocers Out of Business

 

It’s pronounced “lee-duhl” – you’ll need to know that when a Lidl supermarket replaces your local grocery store.

Lidl is a German grocery chain that offers heavily discounted yet shockingly high-quality products.

“[Lidl] is going to be an interesting wake-up call for a lot of retailers,” George Faigen, of management consulting firm Oliver Wyman, said to Retail Dive on June 15.

The question is not whether it will disrupt the American grocery industry, but to what degree.

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But China is our Friend…Right?

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It was an interesting week last week. For one thing, Chinese company Alibaba debuted as the largest IPO in the history of the world. Larger than the Initial Public Offerings of Facebook, Twitter, Google, Apple, and Microsoft combined. At the same time, there was a Senate report indicating that China hacked U.S. military contractors in a significant way at least twenty times in the past year. In America, we celebrated the success of Wall Street, earning $300 million or so in underwriter fees. In China, they celebrated finding a path to dethrone American technology dominance (from the official Chinese News Agency): Continue reading