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Food and Beverage Food and Staples Retailing

  • MOSCOW, Feb 16- Russian food retailer Lenta will focus on opening more supermarkets this year and fewer hypermarkets as it expects consumer demand to remain weak. It said it plans to open about 50 supermarkets, up from 17 last year, expanding into new regions starting with Novosibirsk in Siberia. "We see an opportunity for supermarkets to gain a substantially...

  • BERLIN, Feb 15- German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year in a move that could shake up U.S. retailers. The group plans to open its first 20 stores in Virginia, North Carolina and South Carolina, it said in a statement.

  • Feb 9- Drugstore chain and pharmacy benefits manager CVS Health Corp reported an 11.7 percent rise in quarterly revenue on Thursday, helped by strength in its PBM business. Net income attributable to CVS rose to $1.71 billion, or $1.59 per share, in the fourth quarter ended Dec. 31, from about $1.50 billion, or $1.34 per share, a year earlier. Revenue rose to $45.97...

  • Our argument is, look at what you are doing to Main Street retailers if you repeal, said Hannah Walker, director of government relations for the Food Marketing Institute, which represents grocers. The merchants, after years of gaining little ground in the courts, took the fight to Congress, where both sides say they support the little guy. The last round went to the...

  • Feb 8- Whole Foods Market Inc on Wednesday said it is closing some stores and increasing use of customer data to improve results after cutting its full-year sales and profit forecasts after posting its sixth straight quarter of same-store sales declines. Shares in the organic and natural food grocer were down 2.1 percent in extended trading.

  • A Cheeto corn snack resembling Harambe the Gorilla just sold on eBay for close to $100,000.

    A Cheetos corn snack resembling a gorilla sold on eBay for close to $100,000.

  • *Firm hires former Sainsbury's executive Luke Jensen. LONDON, Jan 31- British online supermarket Ocado said it was increasingly confident that it would deliver an overseas technology deal first targeted before the end of 2015.. Ocado shares were up 7.2 percent at 262.2 pence at 1110 GMT as the market welcomed a 3.3 percent rise in annual core earnings in 2016 and...

  • LONDON, Jan 31- British online supermarket Ocado on Tuesday reported a 3.3 percent rise in full-year core earnings and said it was well positioned for growth, though there was no significant update on a long-awaited overseas deal. The firm, which sells products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons, said it...

  • LONDON, Jan 31- British online supermarket Ocado on Tuesday reported a 3.3 percent rise in full-year core earnings and said it was well positioned for growth, though there was no significant update on a long awaited overseas deal. The firm, whose range includes products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons,...

  • The retailer, which is headquartered in Chile and has operations throughout South America, is controlled by Chile's Paulmann family. Improved regional economic prospects, especially in Argentina, Brazil and Peru, will also help buttress Cencosud's business units, it said. Cencosud runs the Jumbo supermarkets, Paris department store and Easy home...

  • SAO PAULO, Jan 30- Brazilian supermarkets on Monday cut their sales growth forecast for this year, reflecting efforts among households to funnel most of their disposable income into paying off debt amid Brazil's worst recession on record. Sales were most impacted by a drastic decline in consumption habits among low-income families that, over the past decade,...

  • A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more than 1 percent, while Whole Foods Market dropped 2.8 percent. Trump on Friday repeated statements that Mexico, a major exporter of vegetables, fruits and beer, has taken advantage of the United States.

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more...

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of both Wal-Mart Stores and Kroger Co fell...

  • MILAN, Jan 27- European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound takeover deal to buy a supplier. The pan-European STOXX 600 index was down 0.3 percent at its close, while the UK's FTSE 100 rose 0.3 percent, supported by...

  • MILAN, Jan 27 (Reuters)- European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound takeover of a supplier. The pan-European STOXX 600 index was down 0.5 percent while UK's FTSE was flat, supported by Tesco, which rose 8.4 percent...

  • The three kitchen facilities are in Everett, Massachusetts, Landover, Maryland and Atlanta, a company spokeswoman said in an emailed statement. In June, U.S. food safety regulators warned the grocer that inspections at its Everett plant turned up violations that could result in food being "contaminated with filth or rendered injurious to health."

  • Shake Shack introduces new ordering app.

    Shake Shack is offering a free burger to anyone who downloads its new app by Feb. 28.

  • Wal-Mart Stores Inc said earlier this month it would create 10,000 jobs in the United States as part of a previously announced plan. Trump, who took on office on Friday, has criticized U.S. companies across industries for not doing more to keep jobs in the United States. He met with a dozen American manufacturers at the White House on Monday, pledging to slash...

  • Jan 23- McDonald's Corp's sales at established U.S. restaurants fell for the first time in six quarters as the novelty of all-day breakfast failed to overcome competition from supermarkets and other retailers. The stock later rebounded somewhat to trade down 0.9 percent at $121.18. Traffic has fallen more than 10 percent over the last four years at...