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Food and Beverage Food and Staples Retailing

  • LONDON, Feb 21- Asda, the British supermarket arm of the world's largest retailer Wal-Mart, reported on Tuesday a tenth straight quarter of falling underlying sales, although the rate of decline did ease significantly. The UK's third largest grocer, which brought in a new chief executive last July in an attempt to revive its fortunes, said sales at stores open over...

  • LONDON, Feb 21- Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, reported on Tuesday a tenth straight quarter of falling underlying sales, though the rate of decline did ease significantly. The UK's third largest grocer, which brought in a new chief executive last July in an attempt to revive its fortunes, said sales at stores open over a...

  • MOSCOW, Feb 16- Russian food retailer Lenta will focus on opening more supermarkets this year and fewer hypermarkets as it expects consumer demand to remain weak. It said it plans to open about 50 supermarkets, up from 17 last year, expanding into new regions starting with Novosibirsk in Siberia. "We see an opportunity for supermarkets to gain a substantially...

  • BERLIN, Feb 15- German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year in a move that could shake up U.S. retailers. The group plans to open its first 20 stores in Virginia, North Carolina and South Carolina, it said in a statement.

  • NEW YORK— Lidl, the German no-frills supermarket chain, is opening its first wave of stores in the U.S. this summer ahead of schedule, with plans to open up to 100 locations across the East Coast within a year. Lidl's first 20 U.S. stores will be opening in North Carolina, South Carolina and Virginia, where the company established its first U.S. headquarters in 2015.

  • MEDINA, Ohio— A 23- year-old University of Akron accounting student has been named the nation's top grocery bagger after claiming the Ohio title two years in a row. The Medina Gazette reports Brady Long returns to Wadsworth with a $10,000 prize after winning the National Grocers Association's Best Bagger championship. Long packs up groceries at Buehler's...

  • MALMO, Sweden— Something high-tech is happening in the produce aisle at some Swedish supermarkets, where laser marks have replaced labels on the organic avocados and sweet potatoes. If its test is successful, ICA, which has 1,350 stores across Sweden, hopes to cut down on the stickers and packaging it now uses to identify its organic produce.

  • AUSITN, Texas— Texas- based My Fit Foods has closed all of its stores. My Fit Foods last fall reported having more than 50 locations in five states, plus grocery retailers and corporate and college campuses. Austin- based My Fit Foods didn't immediately provide additional information on the locations, offering what the company called nutritionally balanced,...

  • CVS Health topped Wall Street's fourth-quarter earnings expectations, as growing generic and specialty drug prescriptions fueled one the nation's largest drugstore chains and pharmacy benefits managers. The company also reaffirmed on Thursday its forecast for 2017 earnings of between $5.77 to $5.93 per share. CVS Health runs more than 9,700 retail...

  • Feb 9- Drugstore chain and pharmacy benefits manager CVS Health Corp reported an 11.7 percent rise in quarterly revenue on Thursday, helped by strength in its PBM business. Net income attributable to CVS rose to $1.71 billion, or $1.59 per share, in the fourth quarter ended Dec. 31, from about $1.50 billion, or $1.34 per share, a year earlier. Revenue rose to $45.97...

  • Our argument is, look at what you are doing to Main Street retailers if you repeal, said Hannah Walker, director of government relations for the Food Marketing Institute, which represents grocers. The merchants, after years of gaining little ground in the courts, took the fight to Congress, where both sides say they support the little guy. The last round went to the...

  • Feb 8- Whole Foods Market Inc on Wednesday said it is closing some stores and increasing use of customer data to improve results after cutting its full-year sales and profit forecasts after posting its sixth straight quarter of same-store sales declines. Shares in the organic and natural food grocer were down 2.1 percent in extended trading.

  • NEW YORK— Whole Foods is hitting the brakes on its ambitious expansion plans as sales keep dropping at existing stores. As customers migrate to traditional supermarkets— which Whole Foods CEO John Mackey said have become a "good enough alternative" for some— the company said it will focus on its most loyal customers and getting them to spend more.

  • A Cheeto corn snack resembling Harambe the Gorilla just sold on eBay for close to $100,000.

    A Cheetos corn snack resembling a gorilla sold on eBay for close to $100,000.

  • *Firm hires former Sainsbury's executive Luke Jensen. LONDON, Jan 31- British online supermarket Ocado said it was increasingly confident that it would deliver an overseas technology deal first targeted before the end of 2015.. Ocado shares were up 7.2 percent at 262.2 pence at 1110 GMT as the market welcomed a 3.3 percent rise in annual core earnings in 2016 and...

  • LONDON, Jan 31- British online supermarket Ocado on Tuesday reported a 3.3 percent rise in full-year core earnings and said it was well positioned for growth, though there was no significant update on a long-awaited overseas deal. The firm, which sells products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons, said it...

  • LONDON, Jan 31- British online supermarket Ocado on Tuesday reported a 3.3 percent rise in full-year core earnings and said it was well positioned for growth, though there was no significant update on a long awaited overseas deal. The firm, whose range includes products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons,...

  • The retailer, which is headquartered in Chile and has operations throughout South America, is controlled by Chile's Paulmann family. Improved regional economic prospects, especially in Argentina, Brazil and Peru, will also help buttress Cencosud's business units, it said. Cencosud runs the Jumbo supermarkets, Paris department store and Easy home...

  • SAO PAULO, Jan 30- Brazilian supermarkets on Monday cut their sales growth forecast for this year, reflecting efforts among households to funnel most of their disposable income into paying off debt amid Brazil's worst recession on record. Sales were most impacted by a drastic decline in consumption habits among low-income families that, over the past decade,...

  • A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more than 1 percent, while Whole Foods Market dropped 2.8 percent. Trump on Friday repeated statements that Mexico, a major exporter of vegetables, fruits and beer, has taken advantage of the United States.