While California's four-year-long drought has been a boon to some industries, its been a bust for others.» Read More
June 25- Kroger Co, the largest U.S supermarket operator, said it would increase its quarterly dividend by 13.5 percent and buy back $500 million of shares. Kroger raised its quarterly dividend to 21 cents per share on a pre-split basis from 18.5 cents per share. Kroger's shares were up about 1.4 percent at $73.93 in midday trading on Thursday.
CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...
June 24- Posh supermarket chain Whole Foods Market Inc is being investigated by the New York Department of Consumer Affairs for overcharging customers for prepackaged meat, dairy and other goods by overstating their weight. Whole Foods, which dominates natural and organic grocery sales in the United States, is nicknamed "Whole Paycheck" for its high prices.
AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced on Wednesday, in a move that will create a top 20 global retailer with strong positions in Europe and the United States. Ahold is operator of Stop&Shop and Giant in the United States, while Delhaize owns the Food Lion chain.
AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold said on Wednesday it is to buy Belgian peer Delhaize in an all-share merger, with Ahold taking a 61 percent stake in the new company. In a joint statement, the two companies said the combination will have 54.1 billion euros in sales, with complementary operations in the United States and Benelux.
Pizza chains like Papa John's and Domino's will continue to refine technology, drawing consumers from small shops, an analyst said.
Pint-sized entrepreneurs all over the United States could see their summer businesses sour.
SYDNEY, June 19- Fresh fruit and vegetables are the new frontline in ALDI Inc's assault on Australia's $70 billion supermarket sector, as the German discounter looks to beat the most profitable duopoly in global groceries at their own game. For the first time, ALDI's Australian arm plans to ship fruit and vegetables direct from farms in Australia to its stores,...
*Q1 earnings/share $1.25 vs est $1.22. June 18- Kroger Co boosted its full-year forecast for identical-store sales and reported better-than-expected quarterly sales on the same basis as more customers bought groceries at its stores amid signs of strengthening U.S. economic growth. Kroger, which owns the Ralphs, Smith's and Food 4 Less grocery chains as well as...
June 18- Kroger Co, the biggest U.S. supermarket operator, boosted its full-year forecast for identical-store sales and reported better-than-expected sales for the latest quarter on the same basis as lower gas prices helped free up cash to buy groceries. The upbeat forecast, along with better-than-expected first-quarter earnings, pushed up Kroger's shares...
June 18- Kroger Co, the biggest U.S. supermarket operator, reported a 23.5 percent rise in quarterly profit, helped by a fall in operating expenses. Net income attributable to Kroger rose to $619 million, or $1.25 per share, in the first quarter ended May 23, from $501 million, or 98 cents per share, a year earlier. Total sales rose 0.3 percent to $33.1 billion.
At this futuristic grocery store, robots replenish shelves and illuminated tablets reveal the life of the food. The Future Food District is on view at the Milan Expo 2015.
Australia's supermarket wars have claimed the chief executive of Woolworths, who stepped down as the sector sees an influx of foreign competitors.
Whether he's into gadgets, grilling or fly fishing, subscription boxes are a gift-giving strategy for those hard-to-shop-for dads.
Can 13-year-old FreshDirect, a pioneer in online grocery delivery, survive the Silicon Valley onslaught of on-demand food and grocery apps?
This start-up wants to be the Uber for cookies. But is being the culinary equivalent of hugs from mom a smart business model?
Blue Bell identified the source of the listeria outbreak at its Oklahoma facility as one unsanitary room.
LONDON, June 11- Britain's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, will lose 4 percent of their market share by 2020 as fast growing discounters Aldi and Lidl continue to expand, Moody's forecasts. "We expect Aldi and Lidl's combined share of the UK market to reach 12-15 percent by 2020," said Sven Reinke, Moody's vice president and senior...
In the growing freelance economy, many Americans are creating jobs for themselves. Tyrone Green chose a food truck.
LONDON, June 10- Investors bought in to British supermarket chain Sainsbury's insistence that its strategy is working, lifting its share price by 5 percent on Wednesday despite a sixth straight quarter of declining underlying sales. Bets against the sector are at record highs, with Sainsbury's and Morrisons the most shorted stocks on Britain's benchmark...