LONDON, Oct 13- Supermarket Asda, the British arm of Wal-Mart, said on Tuesday it had appointed Roger Burnley, currently the retail and operations director of rival Sainsbury's, to be its new chief operating officer. Because he is employed by a direct competitor, Asda said it will be some time next year before Burnley joins Asda, where he will report to Chief...» Read More
CNBC returns to visit a California organic farmer whose dream to grow special pumpkins is bearing fruit, and weirdness.
Basketball star LeBron James will not renew his endorsement deal with McDonald's and instead will be a part of Blaze Pizza's marketing campaign.
It inspired researchers at Kansas State University: Could the steaks and hamburgers from cattle fattened on algae pass on those healthy fats? Separately, some Texas grocery stores are selling beef products fortified with omega-3 through flaxseed, a trial run so successful that orders have quadrupled since it began seven months ago. And a nationwide study...
MEXICO CITY, Oct 8- Mexico's competition regulator approved supermarket chain Soriana's acquisition of most of the stores of rival Comercial Mexicana, though with conditions, the firms said on Thursday. Comercial Mexicana, known locally as Comerci, agreed in January to sell 160 of its stores to Soriana, Mexico's No. 2 supermarket, for 39.19 billion pesos.
The extra-large sized McKinley Mac available at Alaska McDonald's restaurants will now be marketed as the Denali Mac.
Yum Brands' disappointing results in China add pressure to make swift changes to its main drivers of sales and profits.
Bruno Monteyne, senior analyst of European Food Retail at Sanford C. Bernstein, says Tesco is on track for a ROI margin of 2 percent.
LONDON, Oct 7- Britain's biggest supermarket Tesco said its turnaround plan was starting to work, with more people shopping in its stores, but the heavy cost of rebuilding the business was evident in a collapse in a first-half profit. Heavy investment meant that operating profit before one-off items, its new headline performance measure, fell 55 percent to 354...
Christine Short, senior vice president at Estimize, explains why she's especially concerned about the firm's downgraded guidance.
The company behind Cafe Coffee Day, India's biggest coffee chain, will launch an IPO next week, aiming to raise up to $176M.
Yum Brand's strength lies in the global success of Taco Bell and KFC, says RJ Hottovy, global director of consumer equity research and senior restaurant, retail analyst at Morningstar.
Karen Short, managing director at Deutsche Bank Securities, says investors had expected stronger same-store sales in China.
Social media users were out in full force on Tuesday tweeting photos and commenting on McDonald's launch of all-day breakfast.
Target Corp. announced last month that it was pushing granola bars and healthy grab-and-go snacks over candy at the checkout aisles in 30 of its stores. And CVS Health Corp. is also adding more fresh foods and healthier snacks at many of its locations while moving bagged candy out of prime store space in the first aisle. As part of this overall push, Wal-Mart...
40% of couples who got married in 2014 spent $10,000 or less, according to a study that tracks wedding trends. USA Today reports.
The major restaurant companies are expected to report generally higher third-quarter earnings, although there could be some disappointments.
BUCHAREST, Romania— Romanian senators have adopted draft legislation obliging supermarkets to sell more meat and produce from the country in a bid to support local farmers. According to the draft law passed Tuesday, 51 percent of meat, fruit and vegetables sold in supermarkets will have to be produced or grown in Romania. Violators could face fines of up to...
Fast food drive-thrus are getting slower, but they're also getting more accurate.
Albertsons said on Friday that it expected to price 65.3 million shares at between $23 and $26 each, valuing the company at up to $12.35 billion. Albertsons, the second-largest U.S. grocer after Kroger Co by number of stores, highlighted in a filing that it also faced a growing threat from online grocery stores. "It's only going to get worse for Albertsons," David...
Albertsons' expected IPO price would value the supermarket chain at up to $12.35 billion.