Food and Beverage Food and Staples Retailing

  • Whitewave agrees to be acquired by French company

    Organic food company Whitewave is up big on the day after it agrees to be acquired by France's Danone, maker of Dannon Yogurt. Sara Eisen reports.

  • *Q3 US retail sales up 0.1 pct vs. estimates of 0.7 pct. Co has been investing to revive U.S. retail business. July 6- Walgreens Boots Alliance Inc, the No.1 U.S. drugstore operator by store count, reported a lower-than-expected increase in quarterly sales, hurt by weak demand for over-the-counter drugs and other products.

  • *Q3 US retail sales up 0.1 pct vs. estimates of 0.7 pct. July 6- Walgreens Boots Alliance Inc, the No.1 U.S. drugstore operator by store count, reported a lower-than-expected increase in quarterly sales, hurt by weak demand for over-the-counter drugs and other products. The company also said on Wednesday it was bracing for a long period of volatility following...

  • *Q3 adjusted EPS $1.18 vs. estimates $1.14. July 6- Drugstore operator Walgreens Boots Alliance Inc reported a better-than-expected profit for the third quarter, helped by cost cuts and higher sales of Medicare Part D drugs in the United States. Walgreens did not say how, if at all, Britain's vote to leave the European Union would affect its business.

  • LONDON, July 5- Sales growth at British retailer John Lewis's department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. The employee-owned John Lewis Partnership owns Britain's biggest department store chain as well as the upmarket Waitrose supermarket chain. While Britain's FTSE 100 index of blue chip...

  • Using condiments on food in a restaurant

    A recent push to debunk the myth that mayonnaise is prone to spoiling has boosted its distribution at restaurants.

  • LONDON, June 28- British online grocer Ocado reported a 5.7 percent rise in first-half core earnings and said talks to secure a long awaited overseas deal were continuing. The firm, whose range includes products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons, Britain's No. 4 supermarket, said on Tuesday it made...

  • Tesco and the future of the food retail

    Bryan Roberts, retail insights director at TCC Global, says food retailers such as Tesco now need to focus on being the best, not the cheapest.

  • *Gets 5 pct stake in China No. 2 e-commerce firm in return. *China online grocery market to hit $180 bln by 2020- report. "The reality is that e-commerce is hyper-competitive in China and it is tough for any platform to make money," said Ben Cavender, Shanghai- based principal of China Market Research Group.

  • June 16- Kroger Co, the largest U.S. supermarket operator by store count, reported a better-than-expected rise in quarterly profit as costs fell. Net income attributable to Kroger rose about 10 percent to $680 million, or 70 cents per share, in the first quarter. The company reiterated its full-year 2016 profit forecast of $2.19- $2.28 per share.

  • June 16- Kroger Co, the largest U.S. supermarket operator, reported a 9.9 percent rise in quarterly profit, helped by lower operating expenses. Net income attributable to Kroger rose to $680 million, or 70 cents per share, in the first quarter, from $619 million, or 62 cents per share, a year earlier. Total sales rose 4.7 percent to $34.60 billion.

  • BRASILIA, June 14- Brazil's retail sales rose in April, government data showed on Tuesday, as stronger supermarket and apparel receipts offered vendors a small respite from a deep recession. Retail sales volumes excluding cars and building materials rose 0.5 percent in April on a month-over-month basis, compared to a 0.9 percent drop in March.

  • *Amazon plans "methodical and considered" UK rollout. In a long-anticipated move to break into Britain's 178 billion pounds grocery market, the world's largest online retailer launched AmazonFresh on Thursday in parts of central and east London. "The entry of AmazonFresh into the UK doesn't come out of the blue but it will further worry investors about the...

  • LONDON, June 9- Home Retail's Argos reported its best quarterly sales performance in two years on Thursday, indicating the distraction of a yet to complete takeover by supermarket Sainsbury's has not damaged trade. The firm said Argos' total sales rose 2.6 percent to 868 million pounds in the 13 weeks to May 28, its fiscal first quarter, with sales at stores open...

  • An Amazon Fresh truck

    Amazon launched a British version of its AmazonFresh food delivery service in a long-anticipated move by the world's largest online retailer to break into the UK grocery market.

  • LONDON, June 9- Amazon launched a British version of its AmazonFresh food delivery service on Thursday in a long-anticipated move by the world's largest online retailer to break into the UK grocery market. Britain has one of the world's most developed online markets, with the big four supermarkets Tesco, Sainsbury's, Wal-Mart's Asda and Morrisons competing...

  • *Prepared for another round of UK price war. LONDON, June 8- Sainsbury's said on Wednesday it was prepared for an escalation of price wars in Britain's highly competitive supermarket sector after reporting a decline in underlying quarterly sales. With profits squeezed by the growth of German discounters Aldi and Lidl, Britain's "big four" supermarkets have been...

  • HONG KONG, June 8- China's Ministry of Commerce has removed restrictions on Wal-Mart Stores Inc's deal in 2012 to raise its stake in online supermarket Yihaodian, and said the move would not impact the already competitive market. Entry barriers for China's value-added telecommunication services have eased since 2014, facilitating the entry of new...

  • What's the outlook for UK supermarkets?

    David Moss, head of European equities at BMO Global Asset Management, shares his view on the shares of Morrisons, Tesco and Sainsbury's.

  • LONDON, June 8- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported a drop in quarterly underlying sales and cautioned that it did not expect market conditions to improve any time soon. Food price deflation continues to impact our sales and pressures on pricing mean the market will remain competitive for the foreseeable future, "said...