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Food and Staples Retailing Food Retail

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  • Canadian grocer Metro's quarterly profit rises 13 pct Wednesday, 12 Aug 2015 | 7:10 AM ET

    Aug 12- Canadian grocer Metro Inc's quarterly profit rose 13 percent as new fresh foods products boosted the company's same-store sales. Net income rose to C $163.5 million, or 64 Canadian cents per share, from C $144.5 million, or 54 Canadian cents per share, a year earlier. Revenue increased 6 percent to C $3.84 billion.

  • India's Maggi lead scare a $99M problem for Nestle Tuesday, 11 Aug 2015 | 10:56 PM ET

    India will seek $99M in damages from Nestle after reports of excess lead in the firm's Maggi noodles forced a nationwide recall.

  • Rite Aid to accept Apple Pay and Google Wallet Tuesday, 11 Aug 2015 | 5:25 PM ET
    Apple Pay

    The drugstore is expanding to accept Apple Pay and Google Wallet Saturday after slashing support last year. Re/code reports.

  • Kraft Heinz shares fall after Q2 earnings Monday, 10 Aug 2015 | 4:38 PM ET
    Kraft products on sale in Chicago

    Shares of the company fell more than 2 percent in after-hours trading following the earnings announcement.

  • Aug 7- A Whole Foods Market Inc shareholder has accused the grocer in a lawsuit of committing securities fraud by concealing its overcharging of New York City customers, leading to bad publicity that hurt sales and drove its share price down. In a complaint filed on Thursday in federal court in Austin, Texas, the plaintiff Yochanan Markman said Whole Foods knew or...

  • Ex-trader launches Michelin star take-out service Friday, 7 Aug 2015 | 3:02 AM ET
    SUPPER will serve delivery containers in bespoke black bags.

    A former bond trader has launched a high-end take-out service that's bringing Michelin-starred dining to London's living rooms.

  • If you come to Singapore, you gotta eat this ... Thursday, 6 Aug 2015 | 7:33 PM ET
    Lau Pa Sat Food Center in the Central Business District of Singapore.

    Chicken rice, durian, rojak and more: here are the 10 best-loved tastes of Singapore.

  • Mondelez gains 5% after Ackman announces stake Thursday, 6 Aug 2015 | 8:43 AM ET
    Nelson Peltz and Bill Ackman at Delivering Alpha 2015 in New York.

    Mondelez stock gains after news that Bill Ackman has taken a $5.5 billion stake in snack maker and is considering pushing for a takeover.

  • Teen soldier hatches millions from ... egg futures Monday, 3 Aug 2015 | 9:23 PM ET

    Zhang Xiongjie's story is a remarkable rags-to-riches journey, achieved by dominating one of the obscure corners of China's unruly markets: egg futures.

  • Kraft voluntarily recalls 36K cases of cheese Sunday, 2 Aug 2015 | 5:39 PM ET
    Packages of Kraft Singles American cheese product sit on the shelf of a market in San Francisco.

    Kraft voluntarily recalled 36,000 cases of Kraft Singles American and White American prepared cheese product due to a choking hazard, NBC reports.

  • Winners and losers of California severe drought Friday, 31 Jul 2015 | 2:27 PM ET
    A gardener waters plants and foliage in front of an apartment complex in Monterey Park, California

    While California's four-year-long drought has been a boon to some industries, its been a bust for others.

  • Want to be No.1 global popcorn brand: Propercorn Friday, 31 Jul 2015 | 4:40 AM ET
    Want to be No.1 global popcorn brand: Propercorn

    Selling 3 million packs monthly, Cassandra Stavrou, founder at Propercorn, discusses how they market the healthy snack on social media.

  • Mondelez CEO: Consumer cautious despite Q2 beat Thursday, 30 Jul 2015 | 12:59 PM ET
    Oreo cookies

    Despite beating analysts' earnings estimates, Mondelez International sees a hesitant global consumer and challenges from currency.

  • July 29- Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the third quarter as it battles competition in the natural and organic grocery category it dominates, sending its shares tumbling 10 percent in after-hours trade. The Austin, Texas- based chain's same-store sales, a closely watched performance gauge for retailers, were up just...

  • SAO PAULO, July 29- Brazil's biggest retailer, GPA SA, reported progress renovating stores, bringing down rents and finding new real estate in the midst of a sharp economic downturn, as investors looked past its first quarterly loss in almost a decade. Since then the group that started with a supermarket has added electronics chains, convenience stores and an...

  • *SuperValu 1st- qtr profit rises 42 pct. July 28- SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses. SuperValu's Save-A-Lot business has been growing in the past seven...

  • *Asda sales fall 2.7 pct in 12 weeks to July 19- Kantar. *Analysts say pressure mounting on Asda CEO Andy Clarke. LONDON, July 28- Asda, the British arm of U.S. retailer Wal-Mart, on Tuesday lost its status as Britain's No. 2 supermarket group to rival Sainsbury's as industry data confirmed it as the sector laggard.

  • LONDON, July 28- All of Britain's so-called "big four" supermarkets saw sales fall over the last 12 weeks in an overall market that grew marginally, with discounters continuing to take share from their bigger rivals, industry data showed on Tuesday. Kantar Worldpanel said Asda, the British arm of U.S. retailer Wal-Mart, suffered the biggest sales fall over the 12...

  • Should supermarkets warn on sugar content? Monday, 27 Jul 2015 | 11:50 AM ET
    Should supermarkets warn on sugar content?

    Kawther Hashem, nutritionist and researcher for "Action on Sugar," explains why transparent labeling on sugary foods should be more widely used in U.K. supermarkets.

  • July 23- Loblaw Cos Ltd, Canada's largest food retailer, said it would close 52 unprofitable stores following a review of its 2,300 grocery and other locations launched last year. Loblaw's shares rose as much as 4 percent to C $70.42 on the Toronto Stock Exchange on Thursday after the company also reported a slightly better-than-expected profit on cost savings...