business news in context, analysis with attitude

• Aldi said yesterday that it "is preparing to enter the Houston market with 30 new stores over the next three years. With this expanded Texas footprint, ALDI is expected to bring 400 jobs and an investment of over $100 million of capital expenditures to the local community. ALDI currently has more than 1,200 stores in 32 states, including 37 stores in Texas, most of which are located in the Dallas/Fort Worth metro area."

• Two years after stating its intentions to open a store in the Detroit metro area, Whole Foods yesterday broke ground for the 21,000 square foot store, its sixth in Michigan. The unit is slated to open in early 2013.

Reuters reports that "French retailer Casino Guichard Perrachon took a key step on Monday in its plan to take control of Grupo Pão de Açúcar, stripping its estranged partner in the company of the right to name most of the board members at Brazil's largest retailer."
KC's View: