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Food and Staples Retailing

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  • LONDON, July 28- All of Britain's so-called "big four" supermarkets saw sales fall over the last 12 weeks in an overall market that grew marginally, with discounters continuing to take share from their bigger rivals, industry data showed on Tuesday. Kantar Worldpanel said Asda, the British arm of U.S. retailer Wal-Mart, suffered the biggest sales fall over the 12...

  • Drought could make your next beer more expensive Friday, 24 Jul 2015 | 1:46 PM ET
    Hops yard sits idle in Moxee, Washington, in the face of a water shortage.

    A worsening drought and unseasonably hot weather is causing pain for Washington's agricultural sector and could result in hops shortages.

  • July 23- Loblaw Cos Ltd, Canada's largest food retailer, said it would close 52 unprofitable stores following a review of its 2,300 grocery and other locations launched last year. Loblaw's shares rose as much as 4 percent to C $70.42 on the Toronto Stock Exchange on Thursday after the company also reported a slightly better-than-expected profit on cost savings...

  • SANTIAGO, July 23- Chile's salmon farmers are using record levels of antibiotics to treat a virulent and pervasive bacteria, driving away some U.S. retailers including Costco Wholesale Corp, which is turning to antibiotic-free Norwegian salmon. Still, amid growing concerns in the U.S. food industry that heavy use of antibiotics in animals can spawn...

  • Loblaw to close 52 stores over next 1 year Thursday, 23 Jul 2015 | 6:56 AM ET

    July 23- Loblaw Companies Ltd, Canada's largest grocer, said it would close 52 unprofitable stores over the next year. The closures would reduce sales by about C $300 million, but will add about C $35 million- C $40 million to its operating income annually. Loblaw posted a profit of C $186 million, or 44 Canadian cents per share, compared with a loss of C $456 million, or C...

  • Is this the end of Scotland's deep-fried Mars Bar? Tuesday, 21 Jul 2015 | 7:29 AM ET

    The deep-fried Mars Bar has become synonymous with Scottish cuisine but the crispy, sickly sweet treat could be under threat.

  • CARACAS, Venezuela— A food industry group said Monday that Venezuela's government has ordered companies to distribute food staples to a network of state-run supermarkets amid chronic shortages of basic goods. Chamber President Pablo Baraybar warned that the order could cause major supply problems. The administration of President Nicolas Maduro...

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • A&P, which was founded in 1859 by George Huntington Hartford and George Gilman, began operations as the Great American Tea Co. Its first store, on Vesey Street in Manhattan, sold coffee, tea and spices at low prices, according to its website. The grocer has received debtor-in-possession financing of $100 million from Fortress Credit Corp, court documents show.

  • Grocer A&P files for bankruptcy Monday, 20 Jul 2015 | 12:28 AM ET

    July 20- Grocer A&P, formally known as the Great Atlantic& Pacific Tea Co, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday. The company, which owns brands such as A&P, Best Cellars, Pathmark, and Superfresh, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The case is in U.S. Bankruptcy Court, Southern...

  • July 17- University of California Health, which runs four hospitals in the university's campuses, and drug retailer CVS Health Corp's CVSphoto.com became the latest victims of cyber attacks. UCLA Health said on Friday that data on as many as 4.5 million individuals was at potentially at risk, although it added it had not yet found evidence that individuals'...

  • CVS warns customers of possible security breach Friday, 17 Jul 2015 | 12:39 PM ET

    CVS is warning customers that its online photo service may have suffered a data breach and has shut it down.

  • Another huge chicken recall issued Thursday, 16 Jul 2015 | 1:17 PM ET
    One of the recalled products of Aspen Foods.

    If you cook chicken, it's time to check your fridge and freezer.

  • Blue Bell attracts billionaire in comeback quest Tuesday, 14 Jul 2015 | 1:09 PM ET
    Blue Bell Ice Cream is seen on shelves of a grocery store in Overland Park, Kans.

    As Blue Bell Creameries struggles to return its ice cream to store shelves, it has a new ally in the quest.

  • What to expect from US June retail sales Monday, 13 Jul 2015 | 6:19 PM ET
    What to expect from US June retail sales

    Lindsey Bell, Senior Analyst at S&P Capital IQ, explains why she's expecting a monthly increase of 0.3 percent.

  • Euro zone leaders made Greece surrender much of its sovereignty to outside supervision in return for talks on an 86- billion-euro bailout to keep the near-bankrupt country within the single currency union. Drugstore chain CVS Health also came to market with a bond sale of up to $15 billion to finance its acquisitions of Omnicare and Target Pharmacies,...

  • China launches global hunt for 'zombie meat' suppliers Sunday, 12 Jul 2015 | 11:13 PM ET
    Workers cut slaughtered pigs in a cooler at a meat processing plant in Qionglai, Sichuan Province, China

    China will launch a campaign to track down the origins of smuggled frozen meat as the country intensifies its campaign against the illegal trade.

  • July 9- Walgreens Boots Alliance Inc, the largest U.S. drug store chain, raised its full-year profit forecast on Thursday and said acting Chief Executive Officer Stefano Pessina will take over on a permanent basis. The company said it is on track to reach its target of at least $650 million net synergies in fiscal year 2015 from the merger and $1 billion in fiscal...

  • July 9- Drugstore chain Walgreens Boots Alliance Inc, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported a better-than-expected quarterly profit, helped by higher prescription sales and lower costs. Walgreens Boots Alliance also bought Avon Products Inc's U.K.- based Liz Earle skincare business for 140 million pounds.

  • Albertsons, No. 2 supermarket operator, plans IPO Wednesday, 8 Jul 2015 | 8:53 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Supermarket operator Albertsons has filed for an initial public offering of stock, according to a filing Wednesday.