×

Food and Beverage Food and Staples Retailing

  • Lawmakers voted 105-84 in favor of the wholesale divestment proposal, sending it with other proposals to the Senate for its consideration. Joe Markosek, a Democrat from Allegheny County, said the change would help businesses at the expense of taxpayers, as state stores would have to compete with groceries that can focus on just the most popular varieties.

  • April 20- Central Grocers Inc, a supplier to independent grocery stores in the Midwestern United States, is considering a bankruptcy filing as one possible option as it struggles with its debt, according to people familiar with the matter. Central Grocers is working with law firm Weil Gotshal& Manges LLP, investment bank Peter J. Solomon Co, and consultants from...

  • LONDON, April 19- Sainsbury's, Britain's second largest supermarket group, is aiming to for a slice of the growing "Athleisure" casual sports clothing market through a partnership with U.S. brand Russell Athletic, it said on Wednesday. The deal with Russell Athletic, part of Berkshire Hathaway's Fruit of the Loom Inc, will put the U.S. company's men's and women's...

  • April 19- Canadian grocery and pharmacy retailer Loblaw Cos Ltd said on Wednesday it would sell its gas station business to asset manager Brookfield Business Partners LP for about C $540 million.

  • *Top retailers cut prices to attract shoppers. TOKYO, April 14- Naruhito Nogami, a 37- year-old systems engineer in Tokyo, drives to discount stores on weekends to bulk buy cheap groceries, even though he earns enough to make ends meet and the prospects for Japan's economic recovery are brighter. Kazuko Sato, a 50- year-old animation artist, also frequents discount...

  • *Average forecast was 21.2 billion euros. PARIS, April 13- French supermarket retailer Carrefour reported higher first-quarter revenue, slightly above the consensus market forecast, and maintained its full-year sales growth outlook. Carrefour, the world's second-biggest retailer after Wal-Mart Stores Inc, said first-quarter sales had risen 6.2 percent...

  • PARIS, April 13- French supermarket retailer Carrefour reported higher first-quarter revenues, slightly above the consensus market forecast, and maintained its full-year sales growth outlook. Carrefour, which is the world's second-biggest retailer, said group first-quarter sales had risen 6.2 percent at current exchange rates to 21.3 billion euros as...

  • April 12- Activist investor Jana Partners' proposal that Whole Foods Market Inc move grocery distribution in-house to reduce its dependence on its biggest supplier, United Natural Foods Inc, is easier said than done. "I don't really give a tremendous amount of credence to," Wolfe Research analyst Scott Mushkin said. United Natural's shares were hammered...

  • CAPE TOWN, April 12- Africa's biggest grocery retailer Shoprite is considering a push into Eastern Europe, where it hopes to use knowledge gleaned from former suitor Steinhoff International, its new CEO told Reuters. Engelbrecht, who took over from 37- year veteran Whitey Basson in January, said the company wants to enter markets in Eastern Europe that either "...

  • Underlying UK sales rise for fifth straight quarter. LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for annual profit as its recovery gained pace, potentially strengthening the hand of boss Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. The supermarket group said its turnaround was ahead of schedule-- citing a...

  • CAPE TOWN, April 12- Africa's biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters. The move signals a change in strategy for Shoprite under Chief Executive Pieter Engelbrecht, 47,...

  • LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is picking up pace in a boost to CEO Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. "We are confident that we can build on this strong performance in the year ahead," said Chief Executive Dave Lewis. By 2020, Lewis wants Tesco to...

  • Cramer Remix: Why a slew of IPOs might not be a good thing

    Jim Cramer analyzed the market’s newest stocks and looked ahead to future IPOs.

  • Cramer: Here's the only thing Jana can do to really boost Whole Foods' stock

    Jim Cramer says that only a sale to a foreign buyer can save Whole Foods' struggling shares.

  • Jim Cramer on Mad Money.

    Jim Cramer analyzed the market’s newest stocks and looked ahead to future IPOs.

  • An employee arranges produce for sale at a Whole Foods Market Inc. store in Oakland, California

    Jim Cramer says that only a sale to a foreign buyer can save Whole Foods' struggling shares.

  • The only thing Jana can do to boost Whole Foods' stock

    Jim Cramer says that only a sale to a foreign buyer can save Whole Foods' struggling shares.

  • Cramer looks at 2 retail leaders

    Jim Cramer turns to Kohl's and Wal-Mart, two retailers that may be able to withstand "the Amazon effect."

  • Cramer looks 'outside the mall' for these 2 retail leaders

    Jim Cramer turns to Kohl's and Wal-Mart, two retailers that may be able to withstand "the Amazon effect."

  • A shopper inspects cans of evaporated milk at a Walmart store in Secaucus, New Jersey.

    Jim Cramer turns to Kohl's and Wal-Mart, two retailers that may be able to withstand "the Amazon effect."