CAPE TOWN, April 12- Africa's biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters. The move signals a change in strategy for Shoprite under Chief Executive Pieter Engelbrecht, 47,...
LONDON, April 12- Tesco, Britain's biggest retailer, beat forecasts for full-year profit, showing its recovery is picking up pace in a boost to CEO Dave Lewis as he seeks investor backing for his plan to buy wholesaler Booker. "We are confident that we can build on this strong performance in the year ahead," said Chief Executive Dave Lewis. By 2020, Lewis wants Tesco to...
Tesco CFO Alan Stewart breaks down the key details from the retailer’s earnings release and its progress going forward.
Tesco CFO Alan Stewart says the British grocer will work with suppliers as Brexit negotiations evolve.
Tesco CFO Alan Stewart explains to CNBC how the Booker merger gives the U.K. grocer a "growth opportunity".
Tesco CFO Alan Stewart comments on its relationship with suppliers, the interest rate environment and the U.K. grocer's strategic plans.
Ewen Cameron Watt, senior director at Blackrock, talks about Tesco's performance after the U.K. retailer published earnings, which beat forecasts when it came to full-year profit.
Tesco CFO Alan Stewart comments on the recent shock departure of its senior independent director Richard Cousins, with added comment on the pricing environment.
April 10- Jana Partners has upped its stake in Whole Foods Market Inc as the hedge fund looks to shake up the board and senior management of the high-end grocer and push for a sale of the company that has been losing ground in the natural and organic niche it popularized. The New York- based activist investor, which usually works behind the scenes, is mounting an...
American teenagers are a coveted demographic, and a new survey shows what they are spending money on.
*Flipkart to acquire eBay's India business. India is the world's fastest-growing internet services market as a rising middle class increasingly shops online. Amazon announced last year it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping in the country.
Telsey Advisory Group predicts Wal-Mart will grow its online sales by 20 to 25 percent annually during the next three years.
Wendy's is embroiled in a battle over fresh beef patties after the fast food chain came after McDonald's on Twitter.
The fast food giant announced it's swapping frozen beef patties for fresh ones in its quarter pounder burgers.
Both are owned by CKE Restaurants Holdings, and their parent company is looking for changes.
The Ripple Maker combines 3D and ink-jet printing technology to create a work of art on top of the foam of a latte.
Ok Food Inc. issued a recall for nearly 1 million pounds of breaded chicken last week after a handful of consumers found metal objects in their food, according to the U.S. Department of Agriculture's Food Safety and Inspection Service.
March 28- Amazon.com Inc launched AmazonFresh Pickup service from two locations 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 pick up...
Chipotle is finally free of all additives after years of gutting artificial flavors, colors and preservatives from its menu.
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...