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Fast Five Shorts | Aldi To Sell Back Stores It Had Acquired From Southeastern Grocers · Omni Talk Retail

• 0:00
  Aldi
• 0:00
  has
• 0:01
  sold
• 0:01
  off
• 0:01
  a
• 0:01
  portion
• 0:02
  of
• 0:02
  the
• 0:02
  business
• 0:02
  it
• 0:03
  had
• 0:03
  acquired
• 0:03
  from
• 0:03
  Southeastern
• 0:04
  Grocers
• 0:05
  while
• 0:05
  also
• 0:06
  announcing
• 0:06
  plans
• 0:06
  for
• 0:07
  more
• 0:07
  than
• 0:07
  200
• 0:08
  store
• 0:09
  openings
• 0:09
  in
• 0:09
  2025.
• 0:10
  Wow.
• 0:11
  According
• 0:11
  to
• 0:12
  Grocery
• 0:12
  Dive,
• 0:12
  Aldi
• 0:13
  has
• 0:13
  sold
• 0:13
  Southeastern
• 0:14
  Grocers
• 0:15
  and
• 0:15
  its
• 0:15
  Winn
• 0:16
  Dixie
• 0:16
  and
• 0:16
  Harvey's
• 0:17
  supermarket
• 0:18
  banners
• 0:18
  to
• 0:18
  a
• 0:18
  consortium
• 0:19
  of
• 0:19
  private
• 0:19
  investors
• 0:20
  led
• 0:20
  by
• 0:21
  Anthony
• 0:21
  Hucker,
• 0:22
  the
• 0:22
  current
• 0:22
  president
• 0:22
  and
• 0:23
  CEO
• 0:23
  of
• 0:23
  Southeastern
• 0:24
  Grocers
• 0:25
  and
• 0:25
  CNS
• 0:26
  Wholesale
• 0:26
  Grocers,
• 0:27
  according
• 0:28
  to
• 0:28
  a
• 0:28
  Friday
• 0:28
  announcement.
• 0:29
  Terms
• 0:29
  of
• 0:30
  the
• 0:30
  deal
• 0:30
  were
• 0:30
  not
• 0:31
  disclose,
• 0:31
  but
• 0:32
  Aldi
• 0:32
  is
• 0:32
  selling
• 0:32
  roughly
• 0:33
  170
• 0:33
  Winn
• 0:34
  Dixie
• 0:34
  and
• 0:34
  Harvey's
• 0:35
  supermarket
• 0:35
  stores
• 0:35
  to
• 0:36
  the
• 0:36
  consortium,
• 0:36
  along
• 0:37
  with
• 0:37
  Winn
• 0:37
  Dixie's
• 0:38
  liquor
• 0:38
  store
• 0:38
  business.
• 0:39
  However,
• 0:40
  the
• 0:40
  discounter
• 0:41
  does
• 0:41
  still
• 0:42
  plan
• 0:42
  to
• 0:42
  convert
• 0:43
  220
• 0:43
  Winn
• 0:44
  Dixie
• 0:44
  and
• 0:44
  Harvey's
• 0:45
  stores
• 0:45
  it
• 0:45
  previously
• 0:46
  acquired
• 0:46
  into
• 0:47
  Aldi
• 0:47
  locations.
• 0:48
  Hopefully
• 0:49
  you're
• 0:49
  still
• 0:49
  following
• 0:49
  along.
• 0:50
  Finally,
• 0:51
  in
• 0:51
  addition
• 0:52
  to
• 0:52
  its
• 0:52
  Southeast
• 0:53
  expansion,
• 0:53
  Aldi
• 0:53
  says
• 0:54
  it
• 0:54
  will
• 0:54
  add
• 0:54
  its
• 0:54
  footprint
• 0:55
  in
• 0:55
  the
• 0:55
  Northeast
• 0:56
  and
• 0:56
  Midwest
• 0:56
  regions,
• 0:57
  grow
• 0:58
  its
• 0:58
  presence
• 0:58
  in
• 0:59
  the
• 0:59
  west
• 0:59
  and
• 0:59
  with
• 0:59
  more
• 1:00
  states
• 1:00
  in
• 1:00
  Southern
• 1:01
  California
• 1:01
  and
• 1:02
  Arizona,
• 1:03
  and
• 1:03
  enter
• 1:03
  new
• 1:04
  markets
• 1:04
  such
• 1:04
  as
• 1:04
  Las
• 1:04
  Vegas,
• 1:05
  with
• 1:06
  aims
• 1:06
  to
• 1:06
  grow
• 1:07
  its
• 1:07
  store
• 1:07
  count
• 1:08
  by
• 1:08
  more
• 1:08
  than
• 1:08
  220
• 1:09
  stores
• 1:09
  in
• 1:09
  2025.
• 1:10
  Chris
• 1:11
  even
• 1:12
  Grocery
• 1:12
  Dive
• 1:12
  made
• 1:13
  notes
• 1:13
  in
• 1:13
  their
• 1:14
  article
• 1:14
  that
• 1:15
  this
• 1:15
  is
• 1:15
  very
• 1:16
  complicated
• 1:16
  and
• 1:17
  they
• 1:17
  are
• 1:17
  changing
• 1:18
  details
• 1:20
  by
• 1:21
  the
• 1:21
  moment.
• 1:22
  So
• 1:23
  on
• 1:23
  top
• 1:24
  of
• 1:24
  that,
• 1:24
  though,
• 1:25
  this
• 1:25
  is
• 1:25
  also
• 1:26
  the
• 1:26
  question
• 1:26
  that
• 1:26
  A
• 1:26
  and
• 1:27
  M
• 1:27
  is
• 1:27
  going
• 1:27
  to
• 1:27
  use
• 1:28
  to
• 1:28
  put
• 1:28
  you
• 1:29
  on
• 1:29
  the
• 1:29
  spot.
• 1:29
  All
• 1:30
  right,
• 1:30
  8:00am
• 1:30
  in
• 1:30
  Vegas.
• 1:31
  Ann,
• 1:31
  let's
• 1:31
  do
• 1:31
  it.
• 1:32
  Let's
• 1:32
  do
• 1:32
  it.
• 1:32
  Let's
• 1:32
  do
• 1:32
  it.
• 1:33
  So
• 1:33
  A
• 1:33
  and
• 1:33
  M
• 1:34
  wants
• 1:34
  to
• 1:34
  know,
• 1:34
  Chris,
• 1:35
  in
• 1:35
  addition
• 1:35
  to
• 1:35
  your
• 1:35
  thoughts
• 1:36
  on
• 1:36
  all
• 1:36
  the
• 1:36
  goings
• 1:37
  on
• 1:37
  at
• 1:37
  Aldi,
• 1:38
  while
• 1:38
  Aldi's
• 1:39
  strategy
• 1:39
  and
• 1:39
  approach
• 1:40
  here
• 1:40
  is
• 1:40
  very
• 1:40
  interesting,
• 1:41
  we'd
• 1:41
  like
• 1:42
  you
• 1:42
  for
• 1:43
  a
• 1:43
  moment
• 1:43
  to
• 1:43
  think
• 1:43
  about
• 1:44
  the
• 1:44
  CNS
• 1:44
  side
• 1:44
  of
• 1:45
  the
• 1:45
  deal.
• 1:45
  Given
• 1:46
  they
• 1:46
  were
• 1:46
  also
• 1:46
  recently
• 1:47
  in
• 1:47
  the
• 1:47
  market
• 1:47
  for
• 1:48
  Kroger
• 1:48
  and
• 1:48
  Albertson
• 1:49
  stores,
• 1:49
  seems
• 1:50
  they
• 1:50
  have
• 1:51
  been
• 1:51
  keen
• 1:51
  to
• 1:51
  get
• 1:51
  into
• 1:52
  retail
• 1:52
  on
• 1:52
  a
• 1:53
  larger
• 1:53
  scale.
• 1:54
  What
• 1:54
  does
• 1:54
  the
• 1:54
  move
• 1:55
  say
• 1:55
  about
• 1:55
  the
• 1:56
  potential
• 1:56
  evolution
• 1:57
  of
• 1:57
  the
• 1:57
  traditional
• 1:57
  grocery
• 1:58
  wholesaler
• 1:59
  relationship?
• 1:59
  And
• 2:00
  do
• 2:00
  you
• 2:00
  expect
• 2:00
  similar
• 2:01
  moves
• 2:01
  going
• 2:01
  forward
• 2:02
  for
• 2:02
  more
• 2:03
  control
• 2:03
  of
• 2:03
  the
• 2:04
  value
• 2:04
  chain?
• 2:05
  Chris,
• 2:05
  the
• 2:06
  floor
• 2:06
  is
• 2:06
  yours.
• 2:07
  Oh
• 2:07
  my
• 2:08
  God.
• 2:09
  Whoa.
• 2:10
  All
• 2:11
  right.
• 2:12
  All
• 2:12
  right.
• 2:12
  So
• 2:13
  that's
• 2:13
  a
• 2:13
  great.
• 2:13
  First
• 2:13
  of
• 2:13
  all,
• 2:13
  it's
• 2:14
  a
• 2:14
  great
• 2:14
  question
• 2:14
  and
• 2:14
  like
• 2:15
  you
• 2:15
  said,
• 2:15
  there's
• 2:15
  a
• 2:15
  lot
• 2:15
  to
• 2:16
  this
• 2:16
  headline
• 2:16
  and
• 2:17
  there's
• 2:17
  the
• 2:17
  Aldi
• 2:17
  side
• 2:18
  and
• 2:18
  then
• 2:18
  there's
• 2:18
  the
• 2:18
  non
• 2:19
  Aldi
• 2:19
  side,
• 2:19
  which
• 2:19
  is
• 2:19
  what
• 2:20
  I
• 2:20
  think,
• 2:20
  you
• 2:20
  know,
• 2:20
  A
• 2:20
  and
• 2:21
  M's
• 2:21
  getting
• 2:21
  at.
• 2:21
  So
• 2:22
  I'm
• 2:22
  going
• 2:22
  to
• 2:22
  tackle
• 2:22
  that.
• 2:23
  I'm
• 2:23
  going
• 2:23
  to
• 2:23
  try
• 2:23
  to
• 2:23
  tackle
• 2:23
  this
• 2:24
  off
• 2:24
  the
• 2:24
  top
• 2:24
  of
• 2:24
  my
• 2:24
  head
• 2:25
  in,
• 2:25
  in
• 2:25
  two
• 2:26
  parts.
• 2:26
  First,
• 2:26
  I
• 2:26
  do
• 2:26
  want
• 2:27
  to
• 2:27
  Cover
• 2:27
  the
• 2:27
  Aldi
• 2:27
  side,
• 2:28
  because
• 2:28
  I
• 2:28
  think
• 2:28
  that's
• 2:28
  the
• 2:28
  important
• 2:28
  part
• 2:29
  of
• 2:29
  the
• 2:29
  headline
• 2:30
  for
• 2:30
  our
• 2:30
  listeners.
• 2:30
  And
• 2:30
  then
• 2:31
  I'll
• 2:31
  get
• 2:31
  to
• 2:31
  the
• 2:31
  CNS
• 2:32
  side,
• 2:32
  which
• 2:32
  is
• 2:32
  what,
• 2:32
  you
• 2:32
  know,
• 2:32
  A&M's
• 2:33
  asking
• 2:33
  about.
• 2:34
  So
• 2:35
  first,
• 2:36
  you
• 2:36
  know,
• 2:36
  what
• 2:36
  stands
• 2:36
  out
• 2:37
  to
• 2:37
  me
• 2:37
  is
• 2:38
  how
• 2:38
  smart
• 2:39
  this
• 2:39
  move
• 2:39
  is.
• 2:40
  From
• 2:40
  Aldi,
• 2:41
  we
• 2:41
  got
• 2:41
  an
• 2:42
  inside
• 2:42
  look
• 2:42
  into
• 2:43
  how
• 2:43
  Aldi
• 2:43
  was
• 2:44
  thinking
• 2:44
  about
• 2:45
  all
• 2:45
  of
• 2:45
  this,
• 2:46
  all,
• 2:47
  all
• 2:47
  the
• 2:47
  complexities
• 2:48
  related
• 2:49
  to
• 2:49
  this
• 2:49
  acquisition.
• 2:49
  Initially
• 2:50
  interviewed
• 2:51
  Dan
• 2:51
  Gavin,
• 2:51
  the
• 2:52
  VP
• 2:52
  of
• 2:52
  National
• 2:52
  Real
• 2:53
  Estate
• 2:53
  at
• 2:53
  Aldi
• 2:54
  Retail
• 2:54
  Spaces.
• 2:55
  Was
• 2:55
  a
• 2:55
  great
• 2:56
  conversation.
• 2:56
  And
• 2:56
  in
• 2:57
  that
• 2:57
  conversation,
• 2:58
  I
• 2:59
  know
• 2:59
  you
• 2:59
  and
• 2:59
  I
• 2:59
  were
• 2:59
  both
• 3:00
  struck
• 3:00
  by
• 3:00
  how
• 3:00
  thoughtful
• 3:01
  Aldi
• 3:02
  was
• 3:03
  being
• 3:03
  around
• 3:04
  thinking
• 3:04
  about
• 3:04
  its
• 3:05
  prototype
• 3:05
  expansion.
• 3:06
  Like,
• 3:06
  Dan
• 3:06
  was
• 3:06
  very,
• 3:08
  he
• 3:08
  was
• 3:08
  very
• 3:08
  transparent.
• 3:09
  He's
• 3:09
  like,
• 3:09
  some
• 3:09
  of
• 3:09
  these
• 3:09
  stores
• 3:10
  are
• 3:10
  easy
• 3:10
  to
• 3:10
  convert.
• 3:11
  Yeah.
• 3:11
  Some
• 3:11
  of
• 3:11
  them
• 3:11
  aren't.
• 3:12
  They're
• 3:12
  not
• 3:12
  in
• 3:12
  great
• 3:12
  locations.
• 3:13
  They're
• 3:13
  not
• 3:13
  doing
• 3:13
  the
• 3:13
  volume
• 3:14
  necessarily
• 3:14
  we
• 3:14
  need.
• 3:15
  So.
• 3:16
  So,
• 3:17
  like,
• 3:17
  you
• 3:17
  know,
• 3:17
  when
• 3:17
  I
• 3:17
  look
• 3:18
  back
• 3:18
  and
• 3:18
  I
• 3:18
  combine
• 3:19
  this
• 3:19
  with,
• 3:20
  you
• 3:20
  know,
• 3:20
  all
• 3:20
  of
• 3:21
  other,
• 3:21
  all
• 3:22
  these
• 3:22
  growth
• 3:22
  plans
• 3:23
  and
• 3:23
  how
• 3:23
  underpenetrated
• 3:24
  they
• 3:24
  still
• 3:24
  are
• 3:24
  in
• 3:24
  some
• 3:25
  of
• 3:25
  the,
• 3:25
  some
• 3:25
  of
• 3:25
  these
• 3:25
  markets,
• 3:26
  like,
• 3:26
  it
• 3:27
  seems
• 3:27
  like
• 3:27
  a
• 3:27
  really
• 3:27
  shrewd
• 3:28
  move
• 3:28
  to
• 3:28
  divest
• 3:29
  what
• 3:29
  you
• 3:29
  don't
• 3:29
  want
• 3:29
  to
• 3:29
  have
• 3:30
  anymore.
• 3:30
  So.
• 3:30
  Yep.
• 3:31
  So
• 3:31
  I
• 3:31
  see
• 3:31
  this,
• 3:32
  I
• 3:32
  see
• 3:32
  this
• 3:32
  headline
• 3:33
  in
• 3:33
  total
• 3:34
  as
• 3:34
  the
• 3:34
  makings
• 3:35
  of
• 3:35
  a
• 3:35
  retailer
• 3:36
  that
• 3:37
  will
• 3:37
  scale
• 3:38
  by
• 3:38
  doing
• 3:38
  what
• 3:38
  it
• 3:38
  does
• 3:39
  best,
• 3:39
  which
• 3:39
  is
• 3:39
  levering
• 3:40
  the
• 3:40
  prototype
• 3:40
  that
• 3:40
  it
• 3:41
  knows
• 3:42
  that
• 3:42
  it.
• 3:42
  That
• 3:43
  will
• 3:43
  work.
• 3:43
  Right.
• 3:43
  And
• 3:43
  so
• 3:44
  talk
• 3:45
  a
• 3:45
  lot
• 3:45
  about
• 3:45
  retailers,
• 3:46
  like
• 3:46
  trying
• 3:46
  to
• 3:46
  push
• 3:46
  water
• 3:47
  uphill.
• 3:47
  This
• 3:47
  is
• 3:47
  the
• 3:48
  exact
• 3:48
  opposite
• 3:48
  of
• 3:49
  that,
• 3:49
  which
• 3:49
  is
• 3:49
  why
• 3:49
  I
• 3:49
  think
• 3:49
  it's
• 3:50
  something
• 3:50
  you've
• 3:50
  got
• 3:50
  to
• 3:50
  watch.
• 3:51
  So
• 3:51
  it's
• 3:51
  a
• 3:51
  testament
• 3:51
  to
• 3:52
  all
• 3:52
  these
• 3:52
  overall
• 3:53
  value
• 3:53
  consumer
• 3:54
  propositions.
• 3:54
  So
• 3:55
  now
• 3:56
  back
• 3:56
  to
• 3:56
  the
• 3:56
  question
• 3:57
  at
• 3:57
  hand,
• 3:57
  the
• 3:57
  put
• 3:58
  you
• 3:58
  on
• 3:58
  the
• 3:58
  spot
• 3:58
  question
• 3:59
  from
• 3:59
  our
• 3:59
  friends
• 3:59
  at
• 4:00
  the
• 4:00
  A
• 4:00
  and
• 4:00
  M
• 4:00
  consumer
• 4:00
  and
• 4:01
  retail
• 4:01
  group,
• 4:01
  CNS
• 4:02
  Wholesalers.
• 4:03
  Yes,
• 4:04
  they
• 4:04
  seem
• 4:05
  over.
• 4:05
  If
• 4:06
  you
• 4:06
  look
• 4:06
  at
• 4:06
  their
• 4:06
  activities
• 4:07
  over
• 4:07
  the
• 4:07
  last
• 4:07
  years,
• 4:08
  like
• 4:08
  last
• 4:08
  couple
• 4:08
  years
• 4:09
  particularly,
• 4:09
  they
• 4:10
  seem
• 4:10
  keenly
• 4:10
  interested
• 4:11
  in
• 4:11
  owning
• 4:12
  and
• 4:12
  operating
• 4:12
  their
• 4:12
  own
• 4:12
  retail
• 4:13
  grocery
• 4:13
  stores.
• 4:14
  Yes.
• 4:14
  So
• 4:14
  I
• 4:15
  do
• 4:15
  think
• 4:15
  we're
• 4:15
  going
• 4:15
  to
• 4:16
  see
• 4:16
  more
• 4:16
  of
• 4:16
  this.
• 4:17
  It
• 4:17
  seems
• 4:17
  like
• 4:18
  an
• 4:18
  approach
• 4:18
  that
• 4:18
  others
• 4:18
  are
• 4:19
  taking
• 4:19
  as
• 4:19
  well.
• 4:19
  Spartan
• 4:20
  Nash
• 4:21
  comes
• 4:21
  to
• 4:22
  mind.
• 4:22
  I'm
• 4:22
  guessing
• 4:22
  you're
• 4:23
  thinking
• 4:23
  that
• 4:23
  based
• 4:23
  on
• 4:24
  your
• 4:24
  response.
• 4:25
  But
• 4:26
  with
• 4:26
  all
• 4:26
  that
• 4:27
  said,
• 4:27
  there's
• 4:27
  always
• 4:27
  a
• 4:28
  but.
• 4:28
  It's
• 4:29
  a
• 4:29
  different
• 4:29
  business
• 4:30
  model.
• 4:30
  So
• 4:30
  running
• 4:30
  a
• 4:31
  grocery
• 4:31
  operation
• 4:32
  is
• 4:32
  very
• 4:32
  different
• 4:32
  than
• 4:33
  being
• 4:33
  a
• 4:33
  distributor.
• 4:33
  And
• 4:33
  I
• 4:34
  used
• 4:34
  to
• 4:34
  work
• 4:34
  with
• 4:34
  CNS
• 4:35
  back
• 4:35
  in
• 4:35
  my
• 4:36
  day
• 4:36
  running
• 4:36
  frozen
• 4:37
  food
• 4:37
  at
• 4:37
  Target.
• 4:38
  So
• 4:38
  it's
• 4:38
  a
• 4:39
  very
• 4:39
  much
• 4:40
  more
• 4:40
  complex
• 4:41
  task.
• 4:41
  It
• 4:41
  might
• 4:41
  seem
• 4:42
  like
• 4:42
  there's
• 4:42
  all
• 4:42
  these
• 4:43
  economic
• 4:43
  advantages,
• 4:44
  but
• 4:44
  it's
• 4:45
  also
• 4:45
  a
• 4:45
  difficult
• 4:45
  and
• 4:46
  touchy
• 4:46
  business
• 4:46
  running
• 4:47
  a
• 4:47
  grocery
• 4:47
  store.
• 4:47
  We
• 4:47
  know
• 4:48
  there's
• 4:48
  not
• 4:48
  a
• 4:48
  lot
• 4:48
  of
• 4:48
  room
• 4:48
  for
• 4:49
  error.
• 4:49
  So
• 4:49
  I'm
• 4:49
  curious
• 4:50
  to
• 4:50
  see
• 4:50
  how
• 4:51
  CNS
• 4:51
  makes
• 4:51
  it
• 4:52
  work
• 4:52
  in
• 4:52
  the
• 4:52
  long
• 4:52
  term.
• 4:53
  Especially.
• 4:54
  Especially
• 4:54
  given
• 4:55
  the
• 4:55
  fact
• 4:55
  that
• 4:55
  Aldi
• 4:56
  is
• 4:56
  basically
• 4:56
  saying,
• 4:56
  hey,
• 4:57
  guys,
• 4:57
  you
• 4:57
  can
• 4:57
  have
• 4:57
  these
• 4:58
  stores
• 4:58
  back.
• 4:58
  Yes.
• 4:59
  So
• 4:59
  I
• 4:59
  think
• 5:00
  that's
• 5:00
  a
• 5:00
  particularly
• 5:01
  interesting
• 5:01
  thing
• 5:01
  here.
• 5:02
  Like,
• 5:02
  it's
• 5:02
  kind
• 5:02
  of
• 5:02
  careful
• 5:03
  what
• 5:03
  you
• 5:03
  want
• 5:04
  or
• 5:04
  what
• 5:04
  you
• 5:04
  ask
• 5:05
  for
• 5:05
  here.
• 5:05
  Cns,
• 5:06
  I
• 5:06
  don't
• 5:06
  know.
• 5:07
  That's
• 5:07
  my
• 5:07
  answer.
• 5:07
  There's
• 5:08
  a
• 5:08
  lot
• 5:08
  going
• 5:08
  on
• 5:09
  there.
• 5:09
  So,
• 5:10
  you
• 5:10
  know,
• 5:10
  so
• 5:11
  an.
• 5:11
  I'm
• 5:11
  curious.
• 5:12
  Well,
• 5:13
  I
• 5:13
  think
• 5:13
  the
• 5:13
  key
• 5:13
  thing
• 5:14
  here,
• 5:14
  I,
• 5:15
  I
• 5:15
  completely
• 5:15
  agree
• 5:15
  with
• 5:16
  what
• 5:16
  you
• 5:16
  were
• 5:16
  saying.
• 5:17
  The
• 5:18
  Spartan
• 5:18
  Nash
• 5:18
  example,
• 5:19
  the
• 5:20
  freeing
• 5:20
  up
• 5:20
  capital
• 5:21
  and,
• 5:21
  and
• 5:22
  those,
• 5:22
  and
• 5:22
  getting
• 5:23
  rid
• 5:23
  of
• 5:23
  those
• 5:23
  stores
• 5:24
  that
• 5:24
  are
• 5:24
  more
• 5:25
  complicated.
• 5:26
  Like
• 5:27
  this
• 5:27
  is
• 5:27
  Aldi
• 5:28
  is
• 5:28
  playing
• 5:28
  chess
• 5:29
  here.
• 5:29
  They
• 5:29
  know
• 5:30
  the
• 5:30
  game.
• 5:30
  They
• 5:30
  are
• 5:31
  doing
• 5:31
  such
• 5:31
  a
• 5:31
  good
• 5:31
  job.
• 5:32
  They
• 5:32
  are.
• 5:33
  You
• 5:33
  know,
• 5:33
  I
• 5:33
  think
• 5:33
  the
• 5:34
  other
• 5:34
  component
• 5:34
  here
• 5:35
  that
• 5:35
  Dan
• 5:35
  Gavin
• 5:36
  mentioned,
• 5:36
  like
• 5:36
  you
• 5:37
  said,
• 5:37
  there's
• 5:37
  a.
• 5:37
  There'
• 5:38
  lot
• 5:38
  to
• 5:39
  bring
• 5:39
  some
• 5:39
  of
• 5:39
  these
• 5:40
  Winn
• 5:40
  Dixie,
• 5:41
  especially
• 5:41
  the
• 5:41
  Winn
• 5:41
  Dixie
• 5:42
  and
• 5:42
  Harvey's
• 5:42
  like,
• 5:43
  to
• 5:43
  the
• 5:43
  Aldi
• 5:44
  level.
• 5:44
  Aldi
• 5:44
  is
• 5:45
  a
• 5:45
  great
• 5:45
  shopping
• 5:45
  experience.
• 5:46
  Like,
• 5:46
  they
• 5:47
  invest
• 5:47
  in
• 5:48
  like
• 5:48
  a
• 5:48
  great
• 5:48
  walk,
• 5:49
  you
• 5:49
  know,
• 5:49
  design,
• 5:50
  store
• 5:50
  design.
• 5:51
  And
• 5:51
  they
• 5:52
  invest.
• 5:52
  They
• 5:52
  know
• 5:52
  what
• 5:52
  they
• 5:53
  are
• 5:53
  own
• 5:53
  brands.
• 5:54
  Yes.
• 5:54
  They
• 5:54
  are
• 5:55
  going
• 5:55
  in,
• 5:55
  they're
• 5:56
  rinsing,
• 5:56
  repeating,
• 5:57
  they're
• 5:57
  giving
• 5:58
  people
• 5:58
  convenience.
• 5:59
  Also,
• 5:59
  like,
• 6:00
  they're
• 6:00
  partnering
• 6:00
  with
• 6:01
  like
• 6:01
  instacart.
• 6:02
  They're
• 6:02
  thinking
• 6:02
  about
• 6:03
  all
• 6:03
  the
• 6:03
  components
• 6:03
  of
• 6:04
  a
• 6:04
  great
• 6:04
  grocery
• 6:04
  store
• 6:05
  experience.
• 6:05
  Not
• 6:06
  just
• 6:06
  like,
• 6:06
  oh,
• 6:07
  hey,
• 6:07
  I
• 6:07
  need
• 6:08
  a
• 6:08
  store
• 6:08
  in
• 6:08
  that
• 6:08
  location.
• 6:09
  Let's
• 6:09
  just
• 6:09
  slap
• 6:10
  a
• 6:10
  new
• 6:10
  banner
• 6:10
  on
• 6:10
  it
• 6:11
  and
• 6:11
  let's
• 6:11
  just
• 6:11
  rinse
• 6:11
  and
• 6:12
  repeat.
• 6:12
  Like,
• 6:12
  Aldi
• 6:13
  is
• 6:13
  on
• 6:13
  a
• 6:13
  mission
• 6:14
  to
• 6:14
  completely
• 6:15
  dominate,
• 6:15
  especially
• 6:16
  225
• 6:17
  stores
• 6:17
  they're
• 6:18
  opening
• 6:18
  just
• 6:18
  this
• 6:19
  year.
• 6:19
  Like,
• 6:19
  they
• 6:20
  are
• 6:20
  so
• 6:20
  strategic,
• 6:21
  so
• 6:21
  smart.
• 6:22
  And
• 6:22
  this
• 6:22
  I
• 6:23
  think
• 6:23
  sale
• 6:24
  will
• 6:24
  help
• 6:25
  them
• 6:25
  really
• 6:26
  be
• 6:26
  laser
• 6:26
  focused
• 6:27
  on
• 6:27
  the
• 6:27
  remodels
• 6:28
  that
• 6:28
  they'll
• 6:28
  have
• 6:28
  to
• 6:29
  do
• 6:29
  and
• 6:29
  then
• 6:30
  expanding
• 6:30
  to
• 6:30
  some
• 6:30
  of
• 6:30
  these
• 6:31
  other
• 6:31
  geographies.
• 6:31
  I
• 6:32
  think
• 6:32
  that's
• 6:32
  the
• 6:32
  other
• 6:32
  thing
• 6:33
  here
• 6:33
  too,
• 6:33
  that
• 6:34
  gets
• 6:34
  buried
• 6:35
  in
• 6:35
  the
• 6:35
  details
• 6:35
  like
• 6:35
  there.
• 6:36
  This
• 6:36
  is
• 6:36
  also
• 6:36
  going
• 6:36
  to
• 6:37
  allow
• 6:37
  them
• 6:37
  to
• 6:37
  expand
• 6:37
  to
• 6:38
  the
• 6:38
  Midwest
• 6:38
  more
• 6:39
  quickly,
• 6:39
  like
• 6:39
  to,
• 6:39
  to
• 6:40
  find
• 6:40
  exactly
• 6:40
  as
• 6:41
  you
• 6:41
  said
• 6:41
  and
• 6:41
  what
• 6:42
  Dan
• 6:42
  Gavin
• 6:42
  said,
• 6:43
  the
• 6:43
  right
• 6:43
  stores
• 6:44
  to
• 6:44
  either
• 6:44
  be
• 6:44
  remodeled
• 6:45
  or
• 6:45
  new
• 6:45
  greenfield
• 6:46
  projects
• 6:46
  that
• 6:46
  they're
• 6:47
  going
• 6:47
  to
• 6:47
  be
• 6:47
  able
• 6:47
  to
• 6:47
  take
• 6:48
  on.
• 6:48
  And
• 6:49
  I
• 6:49
  think
• 6:49
  this
• 6:50
  is
• 6:50
  just.
• 6:50
  Aldi
• 6:51
  is
• 6:51
  on
• 6:51
  fire
• 6:52
  right
• 6:52
  now
• 6:52
  and
• 6:52
  you
• 6:53
  really
• 6:53
  have
• 6:53
  to
• 6:53
  watch
• 6:54
  them.
• 6:55
  Yeah.
• 6:55
  There's
• 6:55
  no
• 6:55
  shame
• 6:56
  in
• 6:56
  shedding
• 6:56
  the,
• 6:57
  the
• 6:57
  dead
• 6:57
  weight.
• 6:58
  So
• 6:58
  I'm
• 6:58
  excited
• 6:59
  to
• 6:59
  see
• 6:59
  where,
• 7:00
  where
• 7:00
  Aldi
• 7:01
  goes
• 7:01
  and
• 7:02
  if
• 7:02
  they
• 7:02
  hit
• 7:02
  these
• 7:03
  225
• 7:04
  stores
• 7:04
  that's
• 7:05
  crazy.
• 7:05
  I
• 7:05
  know.
• 7:05
  It's
• 7:06
  nuts.
• 7:06
  Yeah,
• 7:06
  I
• 7:06
  remember.
• 7:07
  I
• 7:07
  remember
• 7:07
  that
• 7:07
  conversation
• 7:07
  from
• 7:08
  retail
• 7:08
  spaces.
• 7:08
  And
• 7:08
  honestly,
• 7:09
  fans,
• 7:09
  if
• 7:09
  you
• 7:10
  haven't
• 7:10
  listened
• 7:10
  to
• 7:11
  that
• 7:11
  conversation,
• 7:11
  you
• 7:11
  should
• 7:12
  look
• 7:12
  it
• 7:12
  up
• 7:12
  on
• 7:12
  our
• 7:12
  podcast
• 7:13
  channels.
• 7:13
  Just
• 7:13
  look
• 7:13
  up
• 7:13
  Dan
• 7:14
  Gavin
• 7:14
  Aldi
• 7:15
  Omnitalk
• 7:16
  Retail,
• 7:16
  and
• 7:16
  you'll
• 7:17
  find
• 7:17
  it.
• 7:17
  But,
• 7:17
  yeah,
• 7:17
  I
• 7:18
  mean,
• 7:18
  I
• 7:18
  was
• 7:18
  sitting
• 7:18
  there
• 7:18
  listening
• 7:19
  to
• 7:19
  him.
• 7:19
  I'm
• 7:19
  like,
• 7:20
  dude,
• 7:20
  you
• 7:20
  are
• 7:20
  the
• 7:21
  right
• 7:21
  man
• 7:21
  to
• 7:21
  run
• 7:22
  a
• 7:22
  real
• 7:22
  estate
• 7:22
  strategy,
• 7:23
  particularly
• 7:24
  for
• 7:24
  a
• 7:24
  grocer.
• 7:25
  You
• 7:25
  know
• 7:25
  every
• 7:25
  angle
• 7:26
  that
• 7:26
  you
• 7:26
  need
• 7:26
  to
• 7:26
  consider
• 7:27
  and
• 7:27
  think
• 7:27
  about.
• 7:28
  Well,
• 7:28
  and
• 7:28
  especially
• 7:29
  just,
• 7:29
  like,
• 7:29
  the
• 7:30
  humility
• 7:30
  of
• 7:30
  it.
• 7:31
  Like,
• 7:31
  they
• 7:31
  don't
• 7:31
  care.
• 7:32
  They're
• 7:32
  not
• 7:32
  going
• 7:32
  to.
• 7:32
  They're
• 7:33
  not,
• 7:33
  like,
• 7:33
  puffing
• 7:34
  their
• 7:34
  chest,
• 7:34
  like,
• 7:34
  we
• 7:35
  made
• 7:35
  this
• 7:35
  investment.
• 7:35
  We're
• 7:36
  going
• 7:36
  to
• 7:36
  go
• 7:36
  do
• 7:36
  it.
• 7:36
  It's
• 7:36
  like,
• 7:37
  no,
• 7:37
  this
• 7:37
  is
• 7:37
  wrong.
• 7:38
  We're
• 7:38
  going
• 7:38
  to
• 7:38
  cut
• 7:38
  it.
• 7:38
  We're
• 7:39
  going
• 7:39
  to
• 7:39
  go
• 7:39
  and
• 7:39
  move
• 7:39
  forward.
• 7:40
  And,
• 7:40
  like,
• 7:40
  if
• 7:40
  you're
• 7:41
  going
• 7:41
  to
• 7:41
  be
• 7:41
  a
• 7:41
  successful
• 7:42
  retailer,
• 7:42
  especially
• 7:43
  in
• 7:43
  the
• 7:43
  grocery
• 7:43
  space
• 7:44
  right
• 7:44
  now,
• 7:44
  you
• 7:44
  have
• 7:45
  to
• 7:45
  have
• 7:45
  that
• 7:45
  mentality.
• 7:46
  I
• 7:46
  think
• 7:46
  the
• 7:46
  other
• 7:47
  thing
• 7:47
  I
• 7:47
  don't.
• 7:47
  Know
• 7:47
  about,
• 7:47
  but
• 7:47
  I'm
• 7:47
  curious
• 7:48
  about,
• 7:48
  is,
• 7:48
  like,
• 7:48
  how
• 7:48
  much
• 7:48
  of
• 7:48
  this
• 7:49
  was
• 7:49
  worked
• 7:49
  out
• 7:49
  in
• 7:49
  advance,
• 7:50
  too,
• 7:50
  as
• 7:50
  in
• 7:50
  part
• 7:51
  of
• 7:51
  the
• 7:51
  initial
• 7:51
  deal.
• 7:51
  Like,
• 7:51
  because
• 7:52
  all
• 7:52
  the
• 7:52
  same
• 7:52
  players
• 7:53
  are
• 7:53
  involved
• 7:53
  in
• 7:53
  here.
• 7:53
  You
• 7:54
  have
• 7:54
  the
• 7:54
  same
• 7:54
  CEO
• 7:55
  running
• 7:55
  this
• 7:56
  consortium,
• 7:56
  the
• 7:57
  former
• 7:57
  CEO
• 7:57
  of
• 7:57
  Southeastern
• 7:58
  Groceries
• 7:58
  running
• 7:58
  this
• 7:58
  consortium.
• 7:59
  So
• 7:59
  who
• 8:00
  knows?