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A Trader Joe's store in Cobble Hill, Brooklyn, New York, built in a converted bank building. As of January 1, 2025, Trader Joe's had 593 stores across 43 states as well as the District of Columbia in the United States with stores being added regularly. [26] Most locations averaged between 10,000 sq ft (930 m 2) and 15,000 sq ft (1,400 m 2
In 1967, Coulombe changed the name Pronto Markets to Trader Joe's. He led the chain to success and sold it in 1979 to German billionaire Theo Albrecht, co-founder of the Aldi supermarket chain. [2] [7] Coulombe continued with Trader Joe's as chief executive officer until retiring in 1988. [2]
Aldi Süd revealed expansion plans in 2015, and expanded into the Southern California market, where Aldi Nord's Trader Joe's is based. [54] Reports in August 2019 stated that the company was in the process of using a $3.4 billion investment to expand to 2,500 stores in the country by the end of 2022.
There are several factors, according to the chain's CEO Jason Hart, who recently spoke to The Wall Street Journal.RELATED: The 10 Best Frozen Desserts at AldiOne component of Aldi's business model ...
Trader Joe’s selection is curated, with fewer products than a traditional grocery store and a heavy emphasis on private-label offerings, from Trader Joe’s to Trader Ming’s or Trader José ...
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The German grocer is trying to give Aldi and Trader Joe's a run for their money. ... Business. Entertainment. Fitness. Food. Games. Health. Home & Garden. Lighter Side. Medicare. News. Science & Tech.
Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the owner of Trader Joe's and Aldi Nord, and the son of Aldi's co-founder. As of July 2021, Albrecht's net worth is estimated at US$20.6 billion.