Did You Know that Trader Joe's Is Owned by ALDI?

By
Real Estate Agent with Prudential CT Realty

Did you know that Trader Joe's is owned by ALDI?

I was not surprised by all the comments generated by Mike Saunders' post on the new Trader Joe's that opened in his home town.  Those who are familiar with Trader Joe's agreed wholeheartedly with him and those who are not familiar with it were left wishing they had one too.

I have loved Trader Joe's since my daughter introduced me to it when she was living in Boston.  Now, I manage to go to the closest one to me (which is 20 minutes away) as often as I can.

What I find fascinating is the history of Trader Joe's which began in California by Joe Coulombe and was bought out in 1979 by Albrecht Discount (ALDI), a grocery chain that started in Germany in 1948.  Trader Joe's has the vibe of a Whole Foods while Aldi has the basic no-frills warehouse feel.  Despite feeling worlds apart, both offer great prices (although fewer products than a supermarket).  I shop regularly at ALDI simply because I need to buy fruits and vegetables more frequently, but I always plan a trip to Trader Joe's to stock up on what they have to offer.

I shop at both stores for different reasons, but Trader Joe's is definitely a more fun experience.  The people who work there are very helpful and cheerful.  I don't know what ALDI's policies are but Trader Joe's definitely takes a positive approach toward employees, so maybe they want to work there.  Check out this quote from the above-mentioned article:

You can't buy engagement from employees, but the pay at Trader Joe's helps. Store managers, "captains" in Trader Joe's parlance -- the nautical titles are a holdover from Coulombe (newly promoted captains are commanders; assistant store managers are first mates) -- can make in the low six figures, and full-time crew members can start in the $40,000 to $60,000 range. But on top of the pay, Trader Joe's annually contributes 15.4% of employees' gross income to tax-deferred retirement accounts.

Kind of an amazing story, isn't it?


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Peggy Chirico

 

 

Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential CT Realty
peggychirico@gmail.com

860-748-8900

If you are buying or selling a home in Hartford County or Tolland County, please call me, email me, or visit my website.  I would be happy to help you with your home search or provide a market analysis for your home.

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Topic:
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Comments 10 New Comment

Rainmaker
680,220
Lanre Folayan
I don't make promises. But I do deliver results.
Keller Williams Capital Properties-Buy a home in Washington DC. Sell a home in Washington DC

Now I see how you found my blog-LOL. And I see why Trader Joe employees are very nice. They make very good money. If I find one in my area,I am definitely going to start shopping there. Thanks for sharing this Peggy. Great post.

November 10, 2010 05:46 PM
Rainer
421,810
Peggy Chirico
REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
Prudential CT Realty

Thanks Lanre - I know they have Trader Joe's in the DC area--you will certainly be able to get a healthy dinner there!

November 10, 2010 06:10 PM
Rainmaker
558,639
Chris Olsen
Broker Owner Cleveland Ohio Real Estate
Olsen Ziegler Realty

Hi Peggy -- I had no idea that Trader Joe's was owned by ALDI.  I gues in the world of mega mergers, etc., nothing should be surprising, but I never would have guessed this.  I like Trader Joe's selection.  I used to live near one and frequented them quite often, not so much anymore now that I've moved.  Thanks for the history lesson.  Those salaries seem amazing for the retail food business -- good for them if they can make it work successfully.  I have found Trader Joe's employees to be top notch.

November 14, 2010 03:03 PM
Rainer
421,810
Peggy Chirico
REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
Prudential CT Realty

Hi Chris - I like Trader Joe's selections too.  I usually go only about once a month, but I stock up on my favorites.  The cashiers always ask me why I am buying 12 jars of peanut butter, but I love their peanut butter and can't live without it!

November 15, 2010 10:08 AM
Rainer
30,355
Julie Nearing
Vision Real Estate LLC

I love them both!

December 05, 2010 07:36 AM
Rainer
421,810

Peggy Chirico

REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
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