A German newspaper reported last week that the former CEO of Lidl Spain, Michael Arnada, would be appointed to a Lidl divisional board with oversight of the United States. According to the report, Arnada's appointment is to address Lidl CEO Klaus Gehrig's concern that the performance of Lid's 37 operating stores has been weaker than expected.
Arnada, a "systematic thinker who grew up within the Lidl system," is expected to carry out the "paramilitary" style of management that has helped Lidl grow rapidly in Europe, according to Matthias Queck, a research director at LZ Retailytics.
"Lidl wants to force success, achieving in maybe 10 years what Aldi did in more than 40," said Queck.
Lidl Spokesperson Will Harwood didn't address the executive change directly, but stated that Lidl was "delighted" with its U.S. performance so far, saying that performance has exceeded expectations.
Showing posts with label Klaus Gehrig. Show all posts
Showing posts with label Klaus Gehrig. Show all posts
Monday, October 2, 2017
Tuesday, April 22, 2014
Aldi's biggest competitor in Europe to open U.S. stores
German discount supermarket chain Lidl, which has over 10,000 stores across Europe and is Aldi's biggest competitor there, confirmed plans earlier this month for an American rollout. Klaus Gehrig, CEO of Lidl parent Schwartz Group, said that U.S. expansion was "in full swing" and that an office has been established in Arlington, VA.
The company said the target date for new stores was 2018.
The company said the target date for new stores was 2018.
Labels:
Aldi,
Arlington,
Klaus Gehrig,
Lidl,
Schwartz Group
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