Food and Staples Retailing Food Retail

More

  • UPDATE 2-Sainsbury's tells Home Retail it won't overpay Wednesday, 13 Jan 2016 | 7:24 AM ET

    *Has until Feb. 2 to make firm offer. LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, said on Wednesday a takeover of Home Retail was strategically compelling but insisted it would not overpay for the owner of the Argos household goods and Homebase do-it-yourself chains. Under British takeover rules it has until Feb. 2 to make a firm offer or walk...

  • LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, on Wednesday reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. The firm, which revealed last week that it had a November bid approach for Argos owner Home Retail rejected, said sales at stores open over a year fell 0.4...

  • UK's Sainsbury's upgrades outlook after strong Christmas Wednesday, 13 Jan 2016 | 2:12 AM ET

    LONDON, Jan 13- Sainsbury's, Britain's second-biggest supermarket, on Wednesday reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. The firm, which revealed last week that it had a November bid approach for Argos owner Home Retail rejected, said sales at stores open over a year fell 0.4...

  • European stocks: retailers, automakers win Tuesday, 12 Jan 2016 | 11:25 AM ET
    European stocks: retailers, automakers win

    European retailers report strong sales; automakers' share rise.

  • *Sainsbury's gains market share- Kantar Worldpanel. *Shares rise across UK grocery sector. LONDON, Jan 12- Britain's top supermarket chains are showing signs of getting to grips with an industry in turmoil, with Sainsbury's winning market share in the key Christmas period and Morrisons delivering a surprise rise in underlying sales.

  • LONDON, Jan 12- British supermarket Sainsbury's was the best performer of the industry's major players this Christmas, the only one of the so called "big four" firms to grow sales and market share. However, Sainsbury's, the discount retailers Aldi and Lidl, John Lewis' Waitrose, and the Co-operative grew sales ahead of the market and won market share.

  • Food retail is not just about price: Analyst Tuesday, 12 Jan 2016 | 3:30 AM ET
    Food retail is not just about price: Analyst

    Bruno Monteyne, senior analyst for European food retail at Bernstein, discusses the U.K. supermarket sector as Morrisons reports better than expected Christmas sales and experiences a 10 percent share price boost.

  • European shares rise as retail stocks rally Tuesday, 12 Jan 2016 | 3:24 AM ET

    LONDON, Jan 12- European shares climbed higher on Tuesday after a key equity index had hit its lowest level in more than three months, with a rally in retailers following some positive company updates underpinning the market. Shares in Morrisons surged 12 percent after Britain's No. 4 supermarket group beat expectations for Christmas trading, reporting a first...

  • LONDON, Jan 12- British supermarket Sainsbury's was the best performer of the industry's major players over the key Christmas trading period, data showed on Tuesday. Market researcher Kantar Worldpanel said Sainsbury's total sales rose 0.8 percent in the 12 weeks to Jan. 3 year-on-year and its market share edged up 0.1 percentage point. Market leader Tesco,...

  • LONDON, Jan 12- Morrisons posted a surprise rise in sales over the festive period, as Chief Executive David Potts ended three years of declines in his first Christmas in charge of Britain's fourth-largest supermarket. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Tuesday...

  • LONDON, Jan 12- Morrisons, Britain's No. 4 supermarket group, beat expectations for Christmas trading, reporting a first period of positive underlying sales since 2012.. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Tuesday sales at stores open over a year, excluding fuel,...

  • Aussie farmers skewer stereotypes, lamb with viral ad Saturday, 9 Jan 2016 | 11:40 PM ET
    Sam Kekovich at a public appearance to promote the 2007 Vote Lamb campaign for the MLA.

    Australia has skewered national stereotypes, plus some juicy-looking lamb, and fired-up social media with its latest Australia Day ad.

  • Sainsbury's deal with Argos would help online prowess Saturday, 9 Jan 2016 | 3:00 AM ET

    LONDON, Jan 9- Old-fashioned catalogues, pencils and paper order slips still line many Argos stores. But whether customers shop there, online or using white tablets in some revamped shops, they have access to one of the fastest delivery systems in Britain. Britain's second biggest supermarket made a surprise swoop for Home Retail, also the owner of the Homebase...

  • Jan 7- Supervalu Inc's board approved a spinoff of its Save-A-Lot discount supermarket chain, paving the way for separating a thriving unit from its slower-growing grocery wholesale and food retail businesses. The separation will be through a pro-rata distribution of shares of Save-A-Lot common stock to Supervalu stockholders, who will own at least 80.1...

  • Trader Joe's hit with lawsuit for its tuna fish Thursday, 7 Jan 2016 | 7:00 AM ET
    Trader Joe's hit with lawsuit for its tuna fish

    A class action suit claims the supermarket chain under filled 5-ounce cans below legal minimum.

  • LONDON, Jan 6- John Lewis Partnership, owner of Britain's biggest department store chain and upmarket grocer Waitrose, maintained its full-year profit guidance after reporting relatively strong Christmas trading. It blamed Britain's unusually warm weather in November and December for a slowdown in sales growth. The Partnership has outperformed rivals...

  • NYC Chick-fil-A reopens following health violations Tuesday, 5 Jan 2016 | 10:00 AM ET
    NYC Chick-fil-A reopens following health violations

    The fast food restaurant chain reopens its doors after numerous health violations including the presence of fruit flies.

  • TX blizzard kills 30K cows, creates dairy shortage Sunday, 3 Jan 2016 | 1:49 PM ET
    Two dairy cows.

    Dairy farmers say consumers can expect a milk shortage, after winter storm Goliath killed more than 30,000 dairy cows.

  • Are these guys the 'Milli Vanilli' of chocolate? Thursday, 31 Dec 2015 | 9:48 AM ET
    Brothers Rick and Michael Mast pose for a photo at their chocolate factory in Brooklyn, New York.

    A Dallas blog has accused Mast Brothers chocolate of dishonorable chocolate making. Inside a hipster marketing lesson in authenticity.

  • Dinner disruptor taking meal market by storm: CEO Tuesday, 29 Dec 2015 | 8:42 AM ET
    Dinner disruptor taking meal market by storm: CEO

    Michael Wystrach, Freshly CEO, talks about the growing trend among consumers to have meal services deliver prepackaged food straight to their door.