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Food and Beverage Food and Staples Retailing

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  • Bearish on Mondelez, but still hungry for food stocks Thursday, 6 Aug 2015 | 1:44 PM ET

    Forget the feeding frenzy!

  • $6 eggs could be on the way Tuesday, 4 Aug 2015 | 1:56 PM ET
    Eggs

    Sticker shock at the grocery store could soon get even worse.

  • Aug 4- U.S. drugstore chain operator CVS Health Corp estimated current-quarter profit below analysts' expectations, hurt by pressure from reimbursement rates and lower customer traffic after the company stopped selling tobacco products. The company forecast adjusted profit of $1.27- $1.30 per share for the third quarter. The company also raised the lower...

  • *Walt Disney, Genworth to report after the bell. Aug 4- Wall Street was little changed on Tuesday amid a burst of earnings reports from companies ranging from drugstore operator CVS Health to handbag maker Coach, while Apple's shares remained under pressure for a second day. Among other companies scheduled to release results are Dow component Walt Disney, Devon...

  • July 29- Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the third quarter as it battles competition in the natural and organic grocery category it dominates, sending its shares tumbling 10 percent in after-hours trade. The Austin, Texas- based chain's same-store sales, a closely watched performance gauge for retailers, were up just...

  • SAO PAULO, July 29- Brazil's biggest retailer, GPA SA, reported progress renovating stores, bringing down rents and finding new real estate in the midst of a sharp economic downturn, as investors looked past its first quarterly loss in almost a decade. Since then the group that started with a supermarket has added electronics chains, convenience stores and an...

  • *SuperValu 1st- qtr profit rises 42 pct. July 28- SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses. SuperValu's Save-A-Lot business has been growing in the past seven...

  • *Asda sales fall 2.7 pct in 12 weeks to July 19- Kantar. *Analysts say pressure mounting on Asda CEO Andy Clarke. LONDON, July 28- Asda, the British arm of U.S. retailer Wal-Mart, on Tuesday lost its status as Britain's No. 2 supermarket group to rival Sainsbury's as industry data confirmed it as the sector laggard.

  • 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.

  • 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'...

  • 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.