Food and Staples Retailing Food Retail

More

  • During last year's holiday season it limited the no-money-down option to certain weeks, said Jai Holtz, president of financial services at Sears. Wal-Mart Stores Inc started its layaway program in late August, two weeks earlier than 2014. The largest Texas supermarket chain, H-E-B, which also sells toys and appliances, has also launched a layaway plan and...

  • LONDON, Sept 10- British supermarket Morrisons' first-half profit plunged by more than a third to its lowest level in nine years, showing the scale of the task facing its new boss to revive the company's fortunes in a brutal market. "It will be a long journey," said David Potts, the former Tesco man who succeeded the sacked Dalton Philips as chief executive in March.

  • UPDATE 1-Profit slumps at troubled UK grocer Morrisons Thursday, 10 Sep 2015 | 2:43 AM ET

    LONDON, Sept 10- Britain's No. 4 supermarket Morrisons warned it would take a long time to rebuild on Thursday after a 35 percent slump in first-half profit to its lowest level in nine years underscored the scale of the challenge. Results on Thursday, the first to be presided over by David Potts, the ex-Tesco man who took over in March, showed a slight improvement in...

  • Profit slumps at troubled UK grocer Morrisons Thursday, 10 Sep 2015 | 2:17 AM ET

    LONDON, Sept 10- Morrisons, Britain's No. 4 supermarket, posted another slump in first-half profit and cautioned its turnaround would take time and require sustained investment. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Thursday it made an underlying pre-tax profit,...

  • CHICAGO/ SAN FRANCISCO, Sept 9- West Coast regional grocer Haggen has filed for bankruptcy protection, blaming its takeover of 146 stores from rival supermarket chain Albertsons, and plans to reorganize around its profitable locations. Haggen, based in Washington state, sued Albertsons last week for damages that it said could exceed $1 billion, alleging its...

  • LONDON, Sept 9- Britain's fourth-biggest supermarket group Morrisons is pulling out of the fast-growing convenience store sector, agreeing to sell its 140 "M local" shops for 25 million pounds to focus on improving its core larger stores, it said on Wednesday. David Potts, the former Tesco man who succeeded the sacked Dalton Philips as chief executive in March, has...

  • Egg 'McMuffins' now cage-free Wednesday, 9 Sep 2015 | 10:00 AM ET
    Egg 'McMuffins' now cage-free

    McDonald's transitioning to cage-free eggs in the U.S. and Canada.

  • LONDON, Sept 9- Britain's fourth-biggest supermarket Morrisons said on Wednesday it had agreed to sell 140 convenience stores for 25 million pounds, as it focuses on improving its core larger stores in a market engulfed by a fierce price war. The firm said it expected to incur a loss on disposal of around 30 million pounds. Morrisons, which concluded in a review...

  • SEOUL, Sept 8- In a new Samsung Electronics Co ad, a mysterious monk strides through a supermarket to a hip-hop beat using his staff to wizard groceries into a cart. Since its Aug. 20 launch in South Korea, Samsung says the service is beating internal expectations by averaging 25,000 new users and more than $620,000 in transactions per day. The world's top smartphone...

  • Sept 8- Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, is joining Guy Hands' Terra Firma Capital Partners as vice chairman, the UK private equity firm said. King, who is credited with reviving Sainsbury's fortunes and firming up its position as one of the top four grocers in the UK, stepped down as Sainsbury's CEO last...

  • Amazon jumps into restaurant delivery in Seattle Tuesday, 8 Sep 2015 | 9:22 AM ET
    Seattle, Washington.

    Amazon.com said on Tuesday it will begin offering its own restaurant delivery service to Prime members in Seattle.

  • Sept 8- UK private equity firm Terra Firma Capital Partners said it appointed Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, as vice chairman and head of its portfolio businesses. He has since taken up advisory roles at some private companies and even lead the review of safety practices at holiday company Thomas...

  • LONDON/ SEOUL, Sept 7- Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business. The sale of Homeplus, its largest overseas asset, represents the first large divestment by Tesco boss Dave...

  • LONDON/ SEOUL, Sept 7- Britain's Tesco has agreed to sell its South Korean business to a group led by private equity firm MBK Partners for $6.1 billion, the supermarket company said on Monday, making its first major disposal since it hit financial difficulties. Seeking to raise funds to cut debt and focus on its troubled domestic business, Tesco said it would sell...

  • LONDON, Sept 7- Associated British Foods maintained its full-year earnings forecast on Monday, as progress at budget retailer Primark and in its grocery, ingredients and agriculture businesses helps to offset declines in its sugar unit and a currency hit. The low-cost fashion retailer is targeting expansion in the U.S., Spain, France and Italy to fuel future...

  • China warns against dark side of the mooncakes Sunday, 6 Sep 2015 | 10:16 PM ET

    Chinese media are not allowed to carry advertising which uses "extravagant wording" to promote gifts as the mooncake season approaches.

  • *FTSE 100 up 1.4 pct, slightly outperforms Europe. *Battered miners Glencore, Anglo American stage rebound. The FTSE 100 blue-chip index, which is due to be reshuffled on Sept. 21 to include housebuilder Berkeley Group and drop Weir Group, was up 1.4 percent at 6,169.22 points at 1103 GMT, slightly outperforming the FTSEurofirst 300 index, up 1.3 percent.

  • SEOUL/ HONG KONG, Sept 2- Tesco has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit for as much as $6.6 billion, sources said, as the British supermarket retreats from overseas and focuses on revitalising its domestic business. In what would be the largest-ever private equity deal in Asia, MBK bid around 7.8 trillion won, one...

  • Date night: Ice cream, condoms? 7-Eleven delivers Wednesday, 2 Sep 2015 | 10:44 AM ET
    7 Eleven offering delivery service

    7-Eleven plans to deliver packages designed for date night, hangovers and other situations, the Chicago Tribune reports.

  • So, anybody wanna buy a viral potato website? Friday, 28 Aug 2015 | 1:44 PM ET
    A potato message from Potatoparcel.com

    Alex Craig is auctioning off Potato Parcel, a website that ships potatoes around the country.