Aldi latest company to set sights on Grafton

GRAFTON'S retail boom continues unabated with news that German supermarket chain Aldi will commence construction for a new store on the corner of Prince and Oliver streets.

Clarence Valley Council recently approved the retailer's application to build a supermarket building and carpark on a 5,500 square metre block.

Six properties ? three residential and three commercial ? have been purchased by the company and will be demolished within the next fort- night to make way for the development.

The entrance to the supermarket will be on Oliver Street, housed on the existing block known locally as Karsales Korner. It is expected to be open for trading by Christmas.

Aldi entered the Australian market in 2001 with the opening of its first store in Sydney.

Unlike larger supermarkets, Aldi stocks a smaller selection of brands and specialises in private label, discount prod- ucts in order to allow it to sell the goods at a cheaper price.

The global giant is also made unique by an apparent 'no comment' media policy which The Daily Examiner encountered while trying to learn more about the Grafton store plans.

Aldi is just one of a number of larger retailers setting their sights on Grafton consumers with Bunnings Warehouse also planning to move into a new site on the Pacific Highway by Christmas.

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