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Friday, November 15, 2024

Aldi says sales are booming amid inflation as even wealthier shoppers trade down

German discount-grocery giant Aldi says that its US sales are benefiting from soaring inflation, Reuters reported. Same-store sales have risen in the double digits over the past year, Scott Patton, Aldi US’ vice-president of national buying, said at a media event Wednesday, per Reuters. “Inflation is …

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