Abstract:
Selling what customers want is different from selling what retailers want their customers to buy.
Keeping the offering simple and satisfying the customers' basic necessities has gone a long way in Aldi's success. The hard discounter with a powerful business model is threatening to change the global retailing landscape.
Pedagogical Objectives:
To discuss the business model of Aldi from the perspective of the 4Ps (Product, Place, Price and Promotion).
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Keywords : Grocery retailers; Hard discounting; Characteristics of a hard discounter; McCarthy's 4P (Product, Place, Price and Promotion) model; Competitive Strategies Case Study; Zone model of differentiation; Private labels of discount stores; Radio frequency identification (RFID) chips; Aldi's strategies to keep its prices low; Aldi Sud; Aldi Nord; Kelloggs; Discount retailers
Contents :
»
The Genesis
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Aldi's Business Model
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The Future
Case Introduction >>