Food and Beverage Food and Staples Retailing

  • Amazon's new experimental grocery store in Seattle, opening in early 2017, will let shoppers buy goods without needing to stop at a checkout line. "Amazon, for good or bad, has been setting the path," said Robert Hetu, research director at Gartner Research. Kroger, Neiman Marcus and Lowe's are among the companies already experimenting with futuristic retail stores.

  • SYDNEY, Dec 28- Australia's top grocer Woolworths Ltd said on Wednesday it will sell its chain of petrol stations to BP plc for A $1.8 billion, the latest disposal in a bid to return the company's focus to its core supermarket business. "Hardware wasn't so great... this is another area of their business that they weren't really managing well," said Juliana Roadley, a...

  • SAO PAULO, Dec 21- Brazilian supermarket sales grew 5 percent in real terms in November from a year ago, industry group Abras said on Wednesday, suggesting resilient demand for food, toiletry and cleaning items despite a severe recession. "The 11- month data was better than we predicted," Márcio Milan, an Abras executive, said in a statement. The Abras national sales...

  • Irene Rosenfeld, CEO of Mondelez International

    Kraft-Heinz is planning to acquire Mondelez, which is currently in the midst of a $3 billion cost saving program, according to a report.

  • 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...

  • *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...

  • 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...