Aldi has been around for over 100 years. It was founded as a corner store in Germany by a woman named Anna Albrecht in 1913.
In the mid-1960s, the Albrecht brothers had a disagreement over whether or not the company should sell cigarettes. To settle the dispute, they divided the company.
Because of the divide, there are actually two different Aldi chains: Aldi Nord, which was controlled by Theo Albrecht in northern Germany, and Aldi Sud, which was controlled by Karl Albrecht and operated in southern Germany.
The divide that separates the Aldi Nord region and Aldi Sud region is known locally as the "Aldi Equator."
The two stores still operate separately. Aldi Nord has a simpler, white-and-blue logo, and Aldi Sud has the blue-and-orange logo we recognize in the US.
Aldi Nord doesn't exist in the US — Trader Joe's does instead. Theo Albrecht purchased the Trader Joe's chain in 1979, expanding the Aldi brand's influence in the US. Aldi Nord still operates Trader Joe's in the US.
Before his success with Aldi Nord and Trader Joe's, Theo Albrecht was kidnapped and held for ransom for 17 days in 1971. He was released, but as of 2017, there are still millions of dollars missing from the kidnapping. He died in 2010.
Source: The Guardian
Aldi is known for being inexpensive for a few reasons. It mainly sells private-label products, much like its sister company Trader Joe's. It also limits store size and hours.
Having shoppers rent shopping carts also keeps costs low because it eliminates the time and labor needed to retrieve abandoned shopping carts.
Currently, Aldi has over 1,600 stores across 35 states — nearly double what the chain had a decade ago. By the end of 2022, Aldi plans to have nearly 2,500 stores open in the US. It's on track to become the third-largest grocery in the US by store count, behind Walmart and Kroger.
Source: Business Insider