LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its... » Read More
Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
Carlsberg, the Danish brewer, became one of the first major European companies to warn over the impact of the Ukrainian crisis.
Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.
Stronger growth in U.S. chain store sales is proof of robust consumer spending in the U.S., says Jharonne Martis, director of research at Thomson Reuters.
Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.
Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?
The U.K. and U.S. governments spent millions stockpiling a flu drug that is no better than paracetamol, according to a new report.
Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.
A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.
CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.
The halal food market has huge potential for growth after being largely neglected in the U.K.
A distribution model popular in Europe could finally give U.S. grocery stores a solid online footing.
At least nine City Council members back legislation to require most retailers to charge customers 10 cents for each bag.
After Danish brewer Carlsberg announced disappointing second quarter profits, the company's CEO placed the blame firmly on Russia, where a raft of legislation has heavily regulated the sale of alcohol.
Tesco has unveiled a brand new concept store in the UK in Watford. Tesco Extra is the latest experiment in transforming the supermarket into a retail destination.
Investors will be scanning retail earnings reports, due out over the next few weeks, for the lessons they hold about the back-to-school shopping season, the second-busiest retail period.
In a survey of U.S. and Canadian grocery shoppers, Trader Joe's, Publix Supermarkets and Whole Foods earned some of the highest marks.
A recent discovery of an English counterfeit scheme has raised wide concerns about food safety.
Despite experiencing the coldest spring in 50 years, U.K. consumers beat the weather by posting a rise in retail sales, according to a new survey released Tuesday.