×

Food and Staples Retailing Food Retail

  • Jason Hart, Co-president of Aldi Supermarkets

    German grocery chain Aldi is trying to beat the world's biggest retailer at its own game: low prices.

  • WHEATON, Ill., May 11- German grocery chain Aldi Inc is trying to beat the world's biggest retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldis internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Stores Inc, according to Chief Executive Jason Hart. Hart's plan calls for spending $1.6 billion to...

  • WHEATON, Ill., May 11- German grocery chain Aldi Inc is trying to beat the world's biggest retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi has set a minimum target of selling groceries at a 21 percent discount to its U.S. rivals, including Wal-Mart Stores Inc, Chief Executive Jason Hart told Reuters. Hart's plan calls for spending $1.6 billion to...

  • NEW YORK, May 10- Whole Foods Market Inc named a new chief financial officer and five independent directors who were not on activist investor Jana Partners' slate, in a dramatic shakeup as the high-end grocer seeks to boost dwindling profits and a sagging stock. Shares of Whole Foods rose more than 2 percent to $37.25 in after-hours trading on Wednesday, as it named...

  • InstaCart employees fulfill orders for delivery at the new Whole Foods Market Inc. store in downtown Los Angeles, California.

    CNBC's Susan Li reports on the quarterly earnings for Whole Foods and changes to more than half the board.

  • NEW YORK, May 10- More than half of the directors on Whole Foods Market Inc's board will step down, a person familiar with the matter said on Wednesday, in a dramatic shake-up at the grocery chain as it grapples with a sagging stock price and frustrated investors. The move comes after Jana Partners took an 8.3 percent stake in the company and nominated four directors...

  • Rupesh Parikh, Oppenheimer, discusses Whole Foods stock and a strategy to narrow in on consumer marketing.

  • The move comes after Jana Partners took an 8.3 percent stake in the company and nominated four directors to serve on the board. Jana Partners and a spokesman for Whole Foods were not immediately available for comment. Jana's director nominees are former Gap Inc Chief Executive Glenn Murphy, former Harris Teeter Supermarkets CEO Thomas "Tad" Dickson and former...

  • Whole Food changes more than half of board

    CNBC's Dominic Chu reports that Whole Foods plans to change more than half its board of directors.

  • Wendy's

    U.S. burger chain Wendy's reported a 12 percent drop in profit, hurt by higher labor costs and lower revenue due to fewer company-owned restaurants.

  • Cheese factory

    The belief that consuming too much cheese is harmful to your health is wrong, according to experts.

  • PYONGYANG/ SEOUL, May 8- From carrot-flavoured toothpaste and charcoal facemasks to motorcycles and solar panels, visitors to North Korea say they are seeing more and more locally made products in the isolated country's shops and supermarkets, replacing mostly Chinese imports. The majority of consumer products in North Korea still come from China.

  • CHICAGO, May 4- Central Grocers Inc, a wholesale grocery cooperative in the Chicago area, filed for bankruptcy on Thursday as it tried to close or sell businesses after struggling to adapt to consumer shifts to online and gourmet shopping and "big box" stores. Central Grocers, with about $2 billion in annual sales, said it had a plan to close its distribution business,...

  • May 4- Starbucks Corp said on Thursday it would expand its loyalty rewards program at grocery stores to include more products, as it seeks to win more customers amid a soft retail and restaurant environment in the United States. Seattle- based Starbucks, which launched its rewards program in 2009, made changes to it last year, which irked some customers and caused...

  • BERLIN, May 4- Amazon launched deliveries of fresh groceries in Berlin and neighbouring Potsdam on Thursday for members of its Prime subscription service, a move that could accelerate online sales of food that have been sluggish in Germany so far. Amazon said in a statement that Prime members can choose from 85,000 products, including items such as chocolate,...

  • Customers use digital menu screens to order food at a McDonald's Corp restaurant.

    Goldman Sachs upgrades McDonald's to buy from neutral because mobile and kiosk digital ordering will improve sales.

  • *Pretax profit 581 million pounds in year to March 11. LONDON, May 3- British supermarket Sainsbury's warned a challenging market meant it could take up to five years to deliver sustainable profit growth, despite a robust performance from general retailer Argos which it bought last year. Shares in Sainsbury's were down 5 percent at 265.5 pence at 1034 GMT, valuing...

  • LONDON, May 3- British supermarket Sainsbury's on Wednesday reported a third straight year of underlying profit decline, despite the boost to earnings from last year's purchase of Argos, the general merchandise retailer. Sainsbury's, which trails market leader Tesco in annual sales, also cautioned that it saw no let-up in the intensely competitive UK market...

  • LONDON, May 3- British supermarket Sainsbury's on Wednesday reported a third straight year of underlying profit decline, despite the boost to earnings from last year's purchase of Argos, the general merchandise retailer. Sainsbury's, which trails market leader Tesco in annual sales, made an underlying pretax profit of 581 million pounds in the year to March 11.

  • Cramer taps into how Grubhub is changing the game for food chains

    Jim Cramer explains how the food delivery business is pushing big-name restaurant chains to join its service.