Food and Beverage Food and Staples Retailing

  • LONDON, June 8- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported a drop in quarterly underlying sales and cautioned that market conditions remained challenging. The firm, which in April agreed a 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open over a year fell 0.8 percent, excluding fuel, in the 12 weeks to...

  • Dunkin Perks

    Dunkin' Brands CEO Nigel Travis says Dunkin' Donuts has secret weapon in a crowded fast-food breakfast field: technology.

  • The world's largest retailer said it would begin test deliveries within the next two weeks in Denver and Phoenix. Wal-Mart's warehouse unit Sams Club began a pilot in March with startup Deliv to dispatch groceries to business customers in Miami. The largest grocer in the United States is already expanding its online order options to offer grocery deliveries...

  • HELSINKI/ MOSCOW, May 30- Finland's second-biggest retailer Kesko has examined selling its grocery operations in Russia after just four years, but said on Monday this had not resulted in any negotiations. Other Finnish firms have cut their exposure to neighboring Russia, where business has been hit by the Ukraine crisis, international sanctions, a weak rouble...

  • LOS ANGELES, May 25 (Reuters)- Whole Foods Market Inc unveils its new 365 grocery chain on Wednesday with a bright and airy store that offers lower prices and more technology than the company's namesake shops. The chain, which debuts in Los Angeles' Silver Lake neighborhood, is critical to Whole Foods. Low prices are the top demand even among shoppers prioritizing...

  • BERLIN, May 26- The Schwarz group that owns German discount supermarket chain Lidl plans to invest 6.5 billion euros in 2016, with part of that going to sprucing up its stores in its home market, a newspaper reported on Thursday. Lidl will invest more than 3 billion euros in the next five years just in its 3,200 stores in Germany, the chain's boss Sven Seidel told the...

  • BERLIN, May 26- The Schwarz group that owns German discount supermarket chain Lidl plans to invest 6.5 billion euros in 2016, with part of that going to sprucing up its stores in its home market, a newspaper reported on Thursday. Lidl will invest more than 3 billion euros in the next five years just in its 3,200 stores in Germany, the chain's boss Sven Seidel told the...

  • LOS ANGELES, May 25- Whole Foods Market Inc's 365 grocery chain offers lower prices and more technology than the company's namesake supermarkets, but experts say the fledgling brand must beat its many rivals without hijacking customers from its parent. 365, which debuted on Wednesday with a bright and airy store in Los Angeles' Silver Lake neighborhood, is...

  • Is Whole Foods a buy?

    The "FMHR" traders discuss Whole Foods Market and whether the supermarket chain's new lower-price 365 store will boost the stock.

  • NAIROBI, May 25- Kenya's Uchumi Supermarkets has attracted "many suitors" in its search for a major new investor and its board is evaluating bids from both local and foreign parties, its chief executive said on Wednesday. The company, which is the only publicly traded retailer in Kenya, is also selling assets to pay down debts and is seeking an emergency loan from the...

  • NEW YORK, May 25- When J.M. The company appeared to break that tradition on Tuesday when it cut prices for its flagship Folgers and Dunkin' Donuts coffees by 6 percent. "Coffee brands are seeking market share versus holding prices," said Ross Colbert, executive director, global strategist of Beverages for Rabobank International.

  • CHICAGO, May 18- Target Corp gave a cautious outlook on Wednesday after reporting a lower-than-expected increase in quarterly sales at established stores because of unseasonable weather and weaker demand for electronics and groceries. The stock was down 7.1 percent at $68.27 in the early afternoon. "We're approaching our business with appropriate caution...

  • May 17- Walgreens Boots Alliance Inc. is making the opioid antidote naloxone available without a prescription in all its pharmacies in New Mexico, part of a plan to make the drug readily available in 35 states by the end of this year. The drugstore chain has already made naloxone available without a prescription in Alabama, Indiana, Massachusetts, New Jersey, New...

  • May 17- Walgreens Boots Alliance Inc said on Tuesday it would no longer require a prescription for the opioid antidote naloxone at all of its pharmacies in New Mexico. Naloxone, administered by injection or nasal spray, can be used in the event of an overdose to reverse the effects of heroin and other opioid drugs. The drug store chain, which operates more than 70...

  • Where consumers are spending

    CNBC's Courtney Reagan looks into the recent retail sales data to see what consumers are spending their money on.

  • BRASILIA, May 11- Brazil's retail sales fell more than expected in March as a surge in unemployment hurt supermarkets and food vendors, frustrating hopes that consumer spending was stabilizing after dropping sharply during the country's deep recession. Retail sales volumes excluding cars and building materials in Brazil fell 0.9 percent in March from...

  • A clerk bags groceries with plastic bags in Los Angeles.

    The ubiquitous, easily torn, often doubled-up plastic bags from the grocery store will soon cost at least a nickel in New York City.

  • John Mackey, co-founder and co-chief executive officer of Whole Foods Market

    Whole Foods Market posted an earnings beat Wednesday on the back of record total sales for the quarter.

  • LONDON, May 4- British supermarket Sainsbury's said on Wednesday it expected to cut more prices and didn't see an improvement in the industry's tough trading conditions any time soon. "We harbor concerns that Sainsbury's maybe complicating its business through the Argos acquisition just as its largest competitor Tesco UK is' getting its act together'," said...

  • LONDON, May 4- Sales at Wal-Mart's British supermarket chain Asda fell 5.1 percent in the 12 weeks to April 24, the worst performance in a period when all four of the country's big chains saw sales declines, industry data showed on Wednesday. Sainsbury's, Britain's second biggest supermarket, reported a second straight year of profit decline earlier on Wednesday,...