LONDON, May 4- British supermarket Sainsbury's said on Wednesday it expected to cut more prices and didn't see an improvement in the industry's tough trading conditions any time soon. "We harbor concerns that Sainsbury's maybe complicating its business through the Argos acquisition just as its largest competitor Tesco UK is' getting its act together'," said... » Read More
It was 61 years ago on April 15, 1955 Ray Kroc opened his first McDonald’s in Des Plaines, Illinois. Kroc bought the restaurant from brothers Richard and Maurice McDonald for $2.7 million in 1961.
Protesters calling for pay of $15 an hour and a union will be at McDonald's stores around the country Thursday.
The fast food chain plans to sell 2,800 restaurants in China, Honkg Kong and South Korea.
Trader Joe's has been dethroned as America's favorite grocery store. Instead, this year, another grocer took the crown.
*First quarterly rise in underlying UK sales for 3 years. LONDON, April 13- Tesco, Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace. Hammered by changing shopping habits, the rise of German discounters Aldi and Lidl, and an accounting scandal, Tesco reported a...
Wal-Mart is expanding free curbside pickup of groceries into eight new cities this month.
*Tesco's UK sales have started to grow again. LONDON, April 13- Tesco, Britain's biggest retailer, said on Wednesday its recovery was gaining pace but warned a supermarket price war meant profit growth would be hard to deliver this year. The company, hammered by an accounting scandal and the rise of German discount chains, reported a first rise in underlying annual...
U.K. supermarket Tesco returned to sales growth in its fiscal fourth quarter. Sven Reinke, vice-president and Senior Credit Officer at Moody’s, explores the results.
LONDON, April 7- The chief executive of Britain's Co-Operative Group will take a 60 percent pay cut as his workload has eased since the supermarkets-to-funerals group overcame a financial crisis two years ago, the mutual said on Thursday. In a statement, it said CEO Richard Pennycook had requested the pay cut, which will see his basic pay drop to 750,000 pounds for...
The fast-casual chain inks a 10-year lease at New York City's transportation hub.
Tony Shiret, senior food and retail analyst at Haitong, says Marks & Spencer’s new CEO Steve Rowe will be the “right guy” to run the company.
The software will use AI advancements like natural language processing to let customers order and pay for food. The Verge reports.
Using consumer data, Starbucks designed its new grocery store product line to complement the way its customers order in its own stores.
The retail gaint sets a deadline for switching to a cage-free egg supply chain.
Wal-Mart, the largest grocer in the United States, said it would require that its egg suppliers adopt an industry standard for treatment of hens by 2025 and have their compliance monitored by a third party. The new guidelines will apply to the discount retailer's more than 5,000 stores in the United States, including its Sam's Club warehouse chain.
Darden Restaurants on Tuesday posted quarterly earnings and revenue that topped expectations.
About one million Americans will be affected by changes in the Supplemental Nutrition Assistance Program.
Bill Phelps, Wetzel's Pretzels CEO, discusses the company's road to success and shares his thought on raising the minimum wage.
Sally Smith, Buffalo Wild Wings CEO, talks about the importance of the upcoming "Final Four" weekend to the company's bottom line. And Smith shares her thoughts on the impact of raising the minimum wage.
Bill Phelps, Wetzel's Pretzels CEO, and the "Squawk Box" crew share their thoughts on the minimum wage debate.