Food and Beverage Food and Staples Retailing

  • An employee stacks boxes filled with merchandise for shipment at the Amazon.com Inc. distribution center in Phoenix, Arizona.

    Cowen says apparel, consumables and groceries represent a potential market of $1.5 trillion in the U.S. for Amazon.

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...

  • Still image from an Amazon Go promotional video

    Cowen says the grocery category's $795 billion annual market size is an attractive growth opportunity for Amazon.

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...

  • Amazon Go

    Amazon just revealed a new plan for revolutionizing how people buy groceries — minus the long lines.

  • Dec 5- Amazon.com Inc's new bricks-and-mortar grocery store doesn't have at least one thing that supermarkets have- queues at the checkout counter. The online shopping giant's new 1,800- square-foot convenience store, Amazon Go, in Seattle uses sensors to detect what shoppers have picked off the shelf and bills it to their Amazon account if they don't put it...

  • NEW YORK— Amazon is testing a grocery store model in Seattle that works without checkout lines. It has opened three bookstores in California, Oregon and Washington with traditional check outs. Cowen& Co. analyst John Blackledge says the new grocery store is just one way that Amazon has been setting its sights on the food and beverage category, a lucrative $795...

  • *Tesco has overhauled relationship with suppliers. LONDON, Dec 5- Two years after an accounting scandal plunged Tesco into the worst crisis in its 97- year history, the British supermarket looks set to reassert its dominance, given the edge by a transformed relationship with suppliers. Monthly industry data shows Tesco is once again pulling ahead of rivals in...

  • Starbucks COO Kevin Johnson.

    Incoming Starbucks CEO Kevin Johnson needs to prove to investors that he will be able to navigate managing retail, Morningstar's RJ Hottovy tells CNBC.

  • Cincinnati, Ohio- based Kroger said it now expects this fiscal year's adjusted per share profit to be $2.10 to $2.15, down from its prior forecast of $2.10 to $2.20. Shares in the company, whose supermarket brands also include Ralphs and Fred Meyer, were up 0.9 percent to $32.58 in midday trading after that revised forecast essentially matched analysts' estimate...

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its full-year profit forecast, hit by lower grocery prices and reduced food stamp coverage in several U.S. states. The company's shares were down 7.3 percent at $71.67 in morning trading on Thursday. "It became apparent that our incremental actions...

  • EPS $2.10- $2.15 per share vs. est $2.13. *Q3 adj. profit of 41 cents per share in line with estimates. Dec 1- Kroger Co, the biggest U.S. supermarket chain, lowered the higher end of its full-year adjusted profit forecast amid falling food prices and increasing competition from rivals such Wal-Mart and Sprouts Farmers Market Inc..

  • Dec 1- Kroger Co, the biggest U.S. supermarket chain, lowered the higher end of its full-year adjusted profit forecast amid falling food prices and increasing competition from rivals such Wal-Mart and Sprouts Farmers Market Inc.. Cincinnati, Ohio- based Kroger said it expects an adjusted profit of $2.10- $2.15 per share for the year ended Jan. 30, 2017, compared...

  • The company's shares were down 7.6 percent at $71.48 in premarket trading on Thursday. Discount retailers have also been hit by changes in the Supplemental Nutrition Assistance Program, formerly called the food stamp program. States implementing SNAP changes this year include Florida, Georgia, Alabama and Tennessee, which have some of the highest...

  • CINCINNATI— Kroger lowered its profit expectations for the year as it fights with other grocers for more of the customers' dollar even as food prices fall. On Thursday, Kroger lowered its 2016 per-share profit expectations by a nickel on the high and low end, to between $2.10 and $2.15. On a per-share basis, the Cincinnati company's profit was 41 cents, matching Wall...

  • Pedestrians walk past a sign for McDonald's in Shanghai, China.

    Citic Group and Carlyle have appeared as the leading contenders to secure the acquisition of the McDonald's China franchise, according to the FT.

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in third-quarter comparable sales, largely due to lower grocery prices and a reduction of food stamp coverage in several U.S. states. The company's shares were down 4.3 percent at $74 in light premarket trading on Thursday. The company's net income fell to $235.3 million, or 84 cents per share,...

  • PARIS, Nov 30- France's AMF stock market watchdog is in the midst of a formal investigation into criticism made by U.S. research firm Muddy Waters against French retailer Casino which should last a few more months, a source close to the matter said on Wednesday. In December 2015, Muddy Waters had criticized Casino's accounting practices, saying the supermarket...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word "Iceland". Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word "Iceland". Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...