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Food and Staples Retailing

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  • Foods that may fade along with the baby boomers Tuesday, 2 Jun 2015 | 11:29 AM ET
    Shoppers at a Kroger supermarket in Peoria, Ill.

    Some of the most recognizable American food and beverage brands have fallen out of favor with U.S. consumers, while smaller brands are gaining favor.

  • CINCINNATI— Kroger Co. will bring some 650 jobs to new centers in a Cincinnati suburb, officials said Monday. Cincinnati- based Kroger and Ohio officials announced the grocery giant's $46 million investment in buildings and renovations for a distribution center and a business administration center for customer service, human resources and digital...

  • NEW YORK— Walgreens Chairman James Skinner said Thursday that the drugstore operator never intended to leave the United States when it bought European health and beauty retailer Alliance Boots last year. As Walgreens prepared to buy full control of Alliance Boots, which is based in Switzerland, it looked into the possibility of moving its headquarters to...

  • NASHVILLE, Tenn.— Discount retailer Dollar General has named a new chief executive officer. He was promoted to chief operations officer in 2013. Before joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corp.. Dollar General plans to open 730 stores this year as it expands its footprint into Maine, Oregon and Rhode Island.

  • PORTLAND, Maine— After eyeing a piece of haddock on the supermarket counter, a customer scans a code and finds out the fish was caught in the waters of Georges Bank and learns the name of the fishing boat— and maybe even sees a picture of the smiling, rain-slickened fisherman who reeled it in. Welcome to the future of buying New England seafood. In an era when many...

  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • Wal-Mart urges meat suppliers to curb antibiotic use Friday, 22 May 2015 | 1:42 PM ET

    CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...

  • France cracks down on food waste by supermarkets Friday, 22 May 2015 | 6:07 AM ET

    PARIS— France's parliament has voted to forbid big supermarkets from destroying unsold food, encouraging them to donate to charities or farms instead, as part of a national campaign against food waste. The amendment approved by the National Assembly, the lower house of Parliament, late Thursday is part of a larger environmental bill. The overall bill will go to a...

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • CHICAGO, May 14- Wholesale U.S. choice-grade beef hit an all-time high on Thursday, spurred by supermarkets stocking up on tight supplies for the May 25 Memorial Day holiday, the kickoff of the summer grilling season, traders and analysts said. Thursday morning's wholesale price for choice beef hit $264.52 per hundredweight, topping the previous record of...

  • Hungover? Pedialyte wants your business Wednesday, 13 May 2015 | 2:51 PM ET
    Pedialyte a hangover cure? The company increases its focus on adult consumers.

    Pedialyte is going after a new market, and they don't have a bedtime...

  • BRUSSELS, May 12- Supermarket groups Ahold and Delhaize are in merger talks to create a top 20 global retailer with a major presence in the United States, the two firms said on Tuesday, confirming recent media reports. The company will communicate material updates, if any, in accordance with regulatory requirements, "both Ahold and Delhaize said.

  • JOHANNESBURG, May 11- Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said on Monday, seeking to boost its profile among investors in Africa's largest and most liquid stock market. Under the offering to selected institutional investors in South Africa and Botswana, Choppies will sell 117.4 million new...

  • Craft beer bubble? No way: Boston Beer co-founder Thursday, 7 May 2015 | 6:22 PM ET
    Samuel Adams brewer and founder Jim Koch listens to small business owners during a speed coaching session at the Boston Beer Company small business loan and business-coaching program in Denver.

    The craft beer industry is booming, but Boston Beer co-founder and brewer Jim Koch said Thursday there is still much more room to grow.

  • CARACAS, May 6- Venezuela is investigating whether drug companies including Germany's Merck KGaA and Bayer AG have improperly profited from subsidized foreign exchange amid growing medicine shortages, the country's health minister said. Those firms have received a favorable exchange rate through Venezuela's currency controls to produce or import...

  • Koreans become stars by live-streaming dinner Tuesday, 5 May 2015 | 3:23 AM ET
    Woman eating at a restaurant in a local fishing village in Sokcho, South Korea.

    What happens when you combine the power of live online broadcasting with extreme-eating contests like those depicted on television show "Man v. Food"?

  • It's finals! What college kids are pigging out on Friday, 1 May 2015 | 2:00 PM ET
    Woman accepting pizza delivery

    Food deliveries spike during the last week of studying before the end of the semester.

  • May 1- CVS Health Corp reported higher-than-expected quarterly results on Friday, helped by increased revenue from its specialty pharmacy services and increased claim processing. CVS, the No. 2 U.S. drugstore operator, also raised the low end of its 2015 profit forecast to $5.08 a share from $5.05 before special items, while keeping the high end at 5.19.

  • European shares extend fall amid mixed earnings Wednesday, 29 Apr 2015 | 3:55 AM ET

    *Weak numbers hit BBVA, BAT, Delhaize. LONDON, April 29- European shares gave away early gains to trade slightly lower on Wednesday as investors digested a batch of mixed corporate results from bank BBVA and UK retailer Next, among others. Yet the early rise quickly fizzled out, with BBVA, British American Tobacco and Belgian supermarket group Delhaize among the...