NEW YORK— The owner of Stop& Shop and Giant and the parent company of Food Lion completed their $29 billion combination after receiving regulatory clearance by the Federal Trade Commission. The Dutch retailer Royal Ahold NV owns Stop& Shop. Its rival, Belgium's Delhaize Group, is the parent company of Food Lion. » Read More
SolarCity, FedEx and McDonald's are making headlines this Wednesday morning before the opening bell.
The fast-food chain is offering a 20-year master franchise agreement as part of the deal, but has placed restrictions.
*Gets 5 pct stake in China No. 2 e-commerce firm in return. *China online grocery market to hit $180 bln by 2020- report. "The reality is that e-commerce is hyper-competitive in China and it is tough for any platform to make money," said Ben Cavender, Shanghai- based principal of China Market Research Group.
Imagine watching your parents do long hours of back-breaking work in extreme heat, then signing up to do the same. These kids did.
They're back. Lobster rolls will soon be available at select McDonald's locations in the Northeast.
A coffee shop in San Francisco offers a specialty coffee that will set you back $16 for a pour-over cup and $20 for a siphon pot.
A red wine sold exclusively at Asda, a subsidiary of Wal-Mart, was awarded a platinum "best in show" medal from the Decanter World Wine Awards.
Blue Apron, a meal-kit delivery service, is slated to purchase the entire commercial supply of at least 40 specialty crops.
Kroger, the largest U.S. supermarket operator, reported a 9.9 percent rise in quarterly profit, helped by lower operating expenses.
June 16- Kroger Co, the largest U.S. supermarket operator by store count, reported a better-than-expected rise in quarterly profit as costs fell. Net income attributable to Kroger rose about 10 percent to $680 million, or 70 cents per share, in the first quarter. The company reiterated its full-year 2016 profit forecast of $2.19- $2.28 per share.
June 16- Kroger Co, the largest U.S. supermarket operator, reported a 9.9 percent rise in quarterly profit, helped by lower operating expenses. Net income attributable to Kroger rose to $680 million, or 70 cents per share, in the first quarter, from $619 million, or 62 cents per share, a year earlier. Total sales rose 4.7 percent to $34.60 billion.
The "Fast Money" traders discuss the Whole Foods trade after the grocery chain gets a warning letter from the FDA.
A surge in demand for avocados has caused prices to spike in New Zealand and prompted thieves to try to make a profit from stolen fruit.
Whole Foods was slapped with a warning letter from the FDA earlier this month after the FDA found "serious violations" at one of its facilities.
Panera Bread is ditching all artificial flavors, sweeteners, preservatives and colors from its grocery store products.
BRASILIA, June 14- Brazil's retail sales rose in April, government data showed on Tuesday, as stronger supermarket and apparel receipts offered vendors a small respite from a deep recession. Retail sales volumes excluding cars and building materials rose 0.5 percent in April on a month-over-month basis, compared to a 0.9 percent drop in March.
In-N-Out and several other restaurants are facing a major shortage of peppers this spring due to weather conditions affecting the crop, Eater reports.
Animal rights activists protesting the eating of dogs delivered a petition with 11 million signatures to authorities in Beijing.
Discussing the troubles for Chipotle Mexican Grill and how the fast casual space is picking up the slack with Nick Setyan, Wedbush Securities.
Bruce Schroder, Moe's Southwest Grill President, discusses their place in the Southwestern food space, competing with Chipotle and food safety.