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Food and Beverage Food and Staples Retailing

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  • SYDNEY, June 19- Fresh fruit and vegetables are the new frontline in ALDI Inc's assault on Australia's $70 billion supermarket sector, as the German discounter looks to beat the most profitable duopoly in global groceries at their own game. For the first time, ALDI's Australian arm plans to ship fruit and vegetables direct from farms in Australia to its stores,...

  • *Q1 earnings/share $1.25 vs est $1.22. June 18- Kroger Co boosted its full-year forecast for identical-store sales and reported better-than-expected quarterly sales on the same basis as more customers bought groceries at its stores amid signs of strengthening U.S. economic growth. Kroger, which owns the Ralphs, Smith's and Food 4 Less grocery chains as well as...

  • June 18- Kroger Co, the biggest U.S. supermarket operator, boosted its full-year forecast for identical-store sales and reported better-than-expected sales for the latest quarter on the same basis as lower gas prices helped free up cash to buy groceries. The upbeat forecast, along with better-than-expected first-quarter earnings, pushed up Kroger's shares...

  • Kroger's first-quarter profit rises 23.5 percent Thursday, 18 Jun 2015 | 8:29 AM ET

    June 18- Kroger Co, the biggest U.S. supermarket operator, reported a 23.5 percent rise in quarterly profit, helped by a fall in operating expenses. Net income attributable to Kroger rose to $619 million, or $1.25 per share, in the first quarter ended May 23, from $501 million, or 98 cents per share, a year earlier. Total sales rose 0.3 percent to $33.1 billion.

  • Rite Aid same-store sales miss estimates Thursday, 18 Jun 2015 | 7:16 AM ET

    June 18- Rite Aid Corp, the No.3 U.S. drugstore chain operator, reported slower-than-expected quarterly same-store sales growth as the introduction of new generic drugs hurt pharmacy sales. Net income more than halved to $18.8 million, or 2 cents per share, in the quarter, from $41.4 million, or 4 cents per share, a year earlier. The fall in net income was mainly due to...

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses in a $1.9 billion deal that will help it bargain with drug makers for lower prices. "The addition of the Target pharmacy adds significant purchasing clout for pharmaceuticals," FBR Capital markets analyst Steven Halper wrote in a note.

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses for about $1.9 billion to boost sales and prescription volumes. CVS's shares were up 0.4 percent at $102.65 in premarket trading on Monday, while Target's were flat at $79.50. Barclays is CVS's financial adviser, while Target's is Goldman Sachs.

  • LONDON, June 11- Britain's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, will lose 4 percent of their market share by 2020 as fast growing discounters Aldi and Lidl continue to expand, Moody's forecasts. "We expect Aldi and Lidl's combined share of the UK market to reach 12-15 percent by 2020," said Sven Reinke, Moody's vice president and senior...

  • LONDON, June 10- Investors bought in to British supermarket chain Sainsbury's insistence that its strategy is working, lifting its share price by 5 percent on Wednesday despite a sixth straight quarter of declining underlying sales. Bets against the sector are at record highs, with Sainsbury's and Morrisons the most shorted stocks on Britain's benchmark...

  • *Tech shares fall as Cap Gemini and AMS slip. LONDON, June 10- European shares edged up on Wednesday, with British supermarket Sainsbury's leading the market higher after reporting sales figures in line with the consensus forecast. Shares in Asian-focused bank Standard Chartered rose 3.2 percent, with traders saying that one of the reasons for the rise was the...

  • LONDON, June 10- British supermarket Sainsbury's on Wednesday posted a sixth straight quarter of declining underlying sales as a fierce price war and record deflation hurt the industry. The group, which trails market leader Tesco and Wal-Mart's Asda by annual revenue, said sales at stores open over a year fell 2.1 percent, excluding fuel, in the 12 weeks to June 6,...

  • Sainsbury's sales fall for sixth straight quarter Wednesday, 10 Jun 2015 | 2:13 AM ET

    LONDON, June 10- British supermarket Sainsbury's on Wednesday posted a sixth straight quarter of declining underlying sales as deflation continued to weigh on the business. The group, which trails market leader Tesco and Wal-Mart's Asda by annual revenue, said sales at stores open over a year fell 2.1 percent, excluding fuel, in the 12 weeks to June 6, its fiscal...

  • *Vodafone shares fall as Liberty merger ruled out. LONDON, June 5- Britain's top share index fell on Friday to post its biggest weekly drop in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market. Vodafone Group fell 2.4 percent to trim 6.3 points off the index, as...

  • New trend in doughnuts? Indulgence: Dunkin CEO Friday, 5 Jun 2015 | 8:23 AM ET
    An employee arranges doughnuts at a Dunkin Donuts store in New York City.

    Dunkin' Donuts is trying to meet the demand for indulgent treats by adding in Oreo and Chips Ahoy to its ingredients, CEO Nigel Travis says.

  • FTSE heads for worst week in 6 months, grocers slip Friday, 5 Jun 2015 | 4:49 AM ET

    LONDON, June 5- Britain's top share index fell on Friday and was heading for its worst weekly performance in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market. The blue-chip FTSE 100 index was down 0.8 percent at 6,805.10 points by 0822 GMT, in line with...

  • HONG KONG, June 4- Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters on Thursday. The supermarket group, whose credit rating was cut to "junk" status by Moody's and S&P in January, is battling to recover from an accounting scandal and reverse market...

  • *Adidas rises after FIFA president resigns. LONDON, June 3- European shares turned flat late on Wednesday, mirroring a selloff in German bonds, after the European Central Bank raised its inflation forecasts and said it would look through any debt market volatility. The overall market was helped into positive territory by market supermarket groups Ahold and...

  • *Adidas rises after FIFA president resigns. *Market awaits ECB decision, news on Greece. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June.

  • *Ahold and Delhaize gain sharply on M&A report. LONDON, June 3- European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 3.6 percent and 6.3 percent respectively.

  • European shares steady, Ahold and Delhaize rise sharply Wednesday, 3 Jun 2015 | 3:28 AM ET

    LONDON, June 3- European shares held steady on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June. Shares in Ahold and Delhaize rose 2.6 percent and 5.1 percent respectively. Investors will also focus on Greece's debt talks and a...