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Food and Beverage Food and Staples Retailing

  • LONDON, Feb 27- Associated British Foods maintained its full-year earnings guidance on Monday, with sales growth at its Primark discount fashion retailer supported by better performances in its sugar, grocery, agriculture and ingredients businesses. AB Foods reiterated that Primark's operating profit margin in the first half will decline, mainly...

  • LONDON, Feb 27- Associated British Foods maintained its full-year earnings guidance on Monday, with sales growth at its Primark discount fashion retailer supported by better performances in its sugar, grocery and ingredients businesses. AB Foods made adjusted operating profit of 1.12 billion pounds in 2015-16, with adjusted earnings per share of 106.2...

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

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    McDonald's is giving customers cheaper drinks, in an attempt to lure more people to stores to buy more items, this analyst told CNBC.

  • Feb 22- CVS Health Corp said its pharmacy chain had removed artificial trans fats, which have been linked to rising rates of heart diseases, from its store-branded food products well ahead of a June 2018 federal deadline. The U.S. Food and Drug Administration said in June 2015 that PHOs were not "generally recognized as safe" for use in human food and gave food...

  • LONDON, Feb 21- Asda, the British supermarket arm of Wal-Mart, said it had stemmed the pace of sales decline over the last three months, suggesting new CEO Sean Clarke's focus on pricing and product quality is starting to have an impact. Of Britain's big four grocers, which also include market leader Tesco, Sainsbury's and Morrisons, Asda has been most exposed to the...

  • ROME— From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent. The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is halved from last fall. That's pushing up Italian wholesale prices...

  • 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.

  • 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.

  • 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...