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Food and Beverage Food and Staples Retailing

  • March 28- Amazon.com Inc launched AmazonFresh Pickup at its brick-and-mortar grocery store in Seattle, as the online giant attempts to crack into the multi-billion dollar grocery market dominated by retail giants such as Wal-Mart Stores Inc.. AmazonFresh Pickup, currently open only to employees, allows users enrolled in its Prime service, to drive in and...

  • Jeff Bezos speaking at the new New York Economic Club luncheon in New York on Oct. 27, 2016.

    Customers can buy meats, fresh produce, bread and dairy from their phones, and have the groceries delivered to the trunk of their car.

  • LONDON, March 28- Britain's biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company's near 100- year history. The supermarket group has struck a so-called deferred prosecution agreement with Britain's Serious Fraud Office, enabling...

  • Boxed CEO shares the 3 things making his 'Costco for millennials' soar

    Jim Cramer spoke with Boxed CEO Chieh Huang to find out what drives his $100 million business.

  • Boxed CEO: Value equals price, convenience and a little bit of brand

    Jim Cramer spoke with Boxed CEO Chieh Huang to find out what drives his $100 million business.

  • Boxed CEO Chieh Huang.

    Jim Cramer spoke with Boxed CEO Chieh Huang to find out what drives his $100

  • An employee arranges produce for sale at a Whole Foods Market Inc. store in Oakland, California

    A major research firm Thursday made a bearish call on Whole Foods and suggested the retailer is a 'victim of its own success.'

  • Costco store

    A delivery service announced Tuesday that it will start making runs to Costco to pick up orders for customers. The service is launching in Tampa.

  • March 20- Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war. Target which is embroiled in a fierce face-off with Wal-Mart Stores Inc, Kroger and Amazon Inc said last month that price cuts on its grocery...

  • NEW YORK, March 20- Trading in Sprouts Farmers Market Inc's shares and options surged last week ahead of a report that the natural-foods retailer was the subject of merger talks, raising questions about whether news of a possible deal was leaked. On Sunday, Bloomberg reported that the Cerberus Capital- backed food and drug retailer Albertsons Cos had held...

  • March 20- Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, replacing Anne Dament. Burt, who joins Target after 30 years at grocer Kroger, will report to Chief Merchandising Officer Mark Tritton. Dament stepped down in November, less than eighteen months after she was appointed and tasked with...

  • Amazon's Jeff Bezos

    E-commerce giant Amazon has filed permits for stores in the Seattle neighborhoods of Ballard and SoDo, according to GeekWire's images.

  • LONDON, March 13- Asda, the British supermarket owned by Wal-Mart, is offering staff in its stores a 14 percent rise in hourly pay, if they sign a contract requiring more flexible working. Britain's No. 3 supermarket said on Monday it will offer its 135,000 store staff a base rate of 8.50 pounds an hour from October, up from 7.44 pounds. Asda's move comes as the Bank of...

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is Instacart's largest and boosts its valuation from $2 billion to $3.4 billion,...

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors have started to show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is the company's largest to date and was led my Sequoia Capital,...

  • LONDON, March 8- Britain's major supermarket chains could benefit from a small decline in overall spending by Britons because people will eat at home more rather than dining out, the boss of Sainsbury's said on Wednesday. British shoppers are starting to feel the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a...

  • LONDON, March 7- British food inflation has doubled since last month, with the price of staples including butter, tea, lamb and fish all rising, industry data showed on Tuesday, adding to evidence that the impact of last year's Brexit vote is pushing up shoppers' bills. Market researcher Kantar Worldpanel said grocery inflation was 1.4 percent for the 12 weeks to Feb....

  • LONDON, March 7- A small British supermarket chain that trades under the Budgens brand has fallen into administration, leading to the loss of around 800 jobs, the firm handling the process said on Tuesday. Food Retailer Operations Ltd runs 34 stores across the UK as Budgens and employs 815 people. "Since its acquisition of the stores from Co-op in July 2016, the...

  • LONDON, March 7- British grocery inflation has doubled since February, with the price of food staples including butter, tea and fish all rising, industry data showed on Tuesday. Market researcher Kantar Worldpanel said grocery inflation was 1.4 percent for the 12 weeks to Feb. 26. It said prices have been rising in the UK since the 12 weeks to Jan. 1 data set following a...

  • March 2- Warehouse club retailer Costco Wholesale Corp reported lower-than-expected quarterly comparable sales as price war among grocers intensified. Net income attributable to Costco fell to $515 million, or $1.17 per share, in the second quarter ended Feb. 12 from $546 million, or $1.24 per share, a year earlier. Total revenue rose 5.7 percent to $29.77...