GO
Loading...

Enter multiple symbols separated by commas

Food and Staples Retailing Food Retail

More

  • Mondelez CEO: Consumer cautious despite Q2 beat Thursday, 30 Jul 2015 | 12:59 PM ET
    Oreo cookies

    Despite beating analysts' earnings estimates, Mondelez International sees a hesitant global consumer and challenges from currency.

  • July 29- Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the third quarter as it battles competition in the natural and organic grocery category it dominates, sending its shares tumbling 10 percent in after-hours trade. The Austin, Texas- based chain's same-store sales, a closely watched performance gauge for retailers, were up just...

  • SAO PAULO, July 29- Brazil's biggest retailer, GPA SA, reported progress renovating stores, bringing down rents and finding new real estate in the midst of a sharp economic downturn, as investors looked past its first quarterly loss in almost a decade. Since then the group that started with a supermarket has added electronics chains, convenience stores and an...

  • *SuperValu 1st- qtr profit rises 42 pct. July 28- SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses. SuperValu's Save-A-Lot business has been growing in the past seven...

  • NEW YORK— SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. Shares of SuperValu Inc. jumped more than 10 percent in late trading Tuesday. SuperValu Inc. has been getting smaller in recent years, selling its Albertsons, Jewel-Osco and other chains.

  • *Asda sales fall 2.7 pct in 12 weeks to July 19- Kantar. *Analysts say pressure mounting on Asda CEO Andy Clarke. LONDON, July 28- Asda, the British arm of U.S. retailer Wal-Mart, on Tuesday lost its status as Britain's No. 2 supermarket group to rival Sainsbury's as industry data confirmed it as the sector laggard.

  • LONDON, July 28- All of Britain's so-called "big four" supermarkets saw sales fall over the last 12 weeks in an overall market that grew marginally, with discounters continuing to take share from their bigger rivals, industry data showed on Tuesday. Kantar Worldpanel said Asda, the British arm of U.S. retailer Wal-Mart, suffered the biggest sales fall over the 12...

  • Should supermarkets warn on sugar content? Monday, 27 Jul 2015 | 11:50 AM ET
    Should supermarkets warn on sugar content?

    Kawther Hashem, nutritionist and researcher for "Action on Sugar," explains why transparent labeling on sugary foods should be more widely used in U.K. supermarkets.

  • July 23- Loblaw Cos Ltd, Canada's largest food retailer, said it would close 52 unprofitable stores following a review of its 2,300 grocery and other locations launched last year. Loblaw's shares rose as much as 4 percent to C $70.42 on the Toronto Stock Exchange on Thursday after the company also reported a slightly better-than-expected profit on cost savings...

  • Delicious! What one foodie is reading this summer Thursday, 23 Jul 2015 | 12:46 PM ET
    International Culinary Center chief Dorothy Cann Hamilton.

    Of course, cook books are on the menu, but culinary-school chief Dorothy Cann Hamilton also recommends travel tales and a Broadway memoir.

  • $15 an hour means no food stamps: KFC worker Thursday, 23 Jul 2015 | 9:43 AM ET
    Fast-food workers and activists demonstrate outside the McDonald's corporate campus on May 21, 2014, in Oak Brook, Illinois. The demonstrators were calling on McDonald's to pay a minimum wage of $15 per hour and offer better working conditions for their employees.

    Winning $15 an hour is a big deal: It means no food stamps and being able to support four kids and a wife with cancer, says KFC worker Alvin Major.

  • SANTIAGO, July 23- Chile's salmon farmers are using record levels of antibiotics to treat a virulent and pervasive bacteria, driving away some U.S. retailers including Costco Wholesale Corp, which is turning to antibiotic-free Norwegian salmon. Still, amid growing concerns in the U.S. food industry that heavy use of antibiotics in animals can spawn...

  • Loblaw to close 52 stores over next 1 year Thursday, 23 Jul 2015 | 6:56 AM ET

    July 23- Loblaw Companies Ltd, Canada's largest grocer, said it would close 52 unprofitable stores over the next year. The closures would reduce sales by about C $300 million, but will add about C $35 million- C $40 million to its operating income annually. Loblaw posted a profit of C $186 million, or 44 Canadian cents per share, compared with a loss of C $456 million, or C...

  • CARACAS, Venezuela— A food industry group said Monday that Venezuela's government has ordered companies to distribute food staples to a network of state-run supermarkets amid chronic shortages of basic goods. Chamber President Pablo Baraybar warned that the order could cause major supply problems. The administration of President Nicolas Maduro...

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • A&P files for bankruptcy Monday, 20 Jul 2015 | 7:00 AM ET
    A&P files for bankruptcy

    A&P files for Chapter 11 bankruptcy protection.

  • Grocery store chain A&P files for bankruptcy Monday, 20 Jul 2015 | 2:21 AM ET

    Great Atlantic & Pacific Tea, the supermarket company known as A&P, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday.

  • A&P, which was founded in 1859 by George Huntington Hartford and George Gilman, began operations as the Great American Tea Co. Its first store, on Vesey Street in Manhattan, sold coffee, tea and spices at low prices, according to its website. The grocer has received debtor-in-possession financing of $100 million from Fortress Credit Corp, court documents show.

  • Grocer A&P files for bankruptcy Monday, 20 Jul 2015 | 12:28 AM ET

    July 20- Grocer A&P, formally known as the Great Atlantic& Pacific Tea Co, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday. The company, which owns brands such as A&P, Best Cellars, Pathmark, and Superfresh, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The case is in U.S. Bankruptcy Court, Southern...

  • New taste in food industry Friday, 17 Jul 2015 | 7:33 AM ET
    New taste in food industry

    Noam Gottesman, Nomad Foods co-chairman, discusses his multibillion-dollar bet on frozen foods and ready-meals. Frozen food is much less wasteful than fresh food, says Gottesman.