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Food and Staples Retailing

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  • June 25- Kroger Co, the largest U.S supermarket operator, said it would increase its quarterly dividend by 13.5 percent and buy back $500 million of shares. Kroger raised its quarterly dividend to 21 cents per share on a pre-split basis from 18.5 cents per share. Kroger's shares were up about 1.4 percent at $73.93 in midday trading on Thursday.

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • Tips for supermarket shoppers worried about overcharging Wednesday, 24 Jun 2015 | 2:32 PM ET

    The New York City Department of Consumer Affairs accused Whole Foods of routinely overcharging customers by overstating the weight of prepackaged meat, dairy and baked goods. Some tips for consumers from the department:. In New York City, markets must provide a scale within 30 feet of the section where weighed packaged goods are sold or a sign directing...

  • June 24- Posh supermarket chain Whole Foods Market Inc is being investigated by the New York Department of Consumer Affairs for overcharging customers for prepackaged meat, dairy and other goods by overstating their weight. Whole Foods, which dominates natural and organic grocery sales in the United States, is nicknamed "Whole Paycheck" for its high prices.

  • AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced on Wednesday, in a move that will create a top 20 global retailer with strong positions in Europe and the United States. Ahold is operator of Stop&Shop and Giant in the United States, while Delhaize owns the Food Lion chain.

  • THE HAGUE, Netherlands— Dutch retailer Royal Ahold NV, which operates U.S. supermarket chains Stop& Shop and Giant, has agreed to merge with its Belgian counterpart Delhaize Group, in a deal that creates a $29 billion company that will serve over 50 million customers a week across the Atlantic. Delhaize, which owns supermarkets throughout Belgium, also operates...

  • Supermarket operator Ahold to buy Belgium's Delhaize Wednesday, 24 Jun 2015 | 2:03 AM ET

    AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold said on Wednesday it is to buy Belgian peer Delhaize in an all-share merger, with Ahold taking a 61 percent stake in the new company. In a joint statement, the two companies said the combination will have 54.1 billion euros in sales, with complementary operations in the United States and Benelux.

  • The risk and reward in the battle for shopper $$ Tuesday, 23 Jun 2015 | 3:26 PM ET
    Credit card transaction

    Inside the battle for Americans' money, big business is struggling to hold on to shoppers.

  • BOISE, Idaho— A federal judge has signed off on a $25 million settlement in a lawsuit between wholesale grocers and potato farming associations accused of forming a price-fixing cartel. Associated Wholesale Grocers filed the class-action lawsuit in 2010, contending that potato growers in Idaho and elsewhere conspired to raise prices by restricting the...

  • SYDNEY, June 19- Fresh fruit and vegetables are the new frontline in ALDI Inc's assault on Australia's $70 billion supermarket sector, as the German discounter looks to beat the most profitable duopoly in global groceries at their own game. For the first time, ALDI's Australian arm plans to ship fruit and vegetables direct from farms in Australia to its stores,...

  • *Q1 earnings/share $1.25 vs est $1.22. June 18- Kroger Co boosted its full-year forecast for identical-store sales and reported better-than-expected quarterly sales on the same basis as more customers bought groceries at its stores amid signs of strengthening U.S. economic growth. Kroger, which owns the Ralphs, Smith's and Food 4 Less grocery chains as well as...

  • June 18- Kroger Co, the biggest U.S. supermarket operator, boosted its full-year forecast for identical-store sales and reported better-than-expected sales for the latest quarter on the same basis as lower gas prices helped free up cash to buy groceries. The upbeat forecast, along with better-than-expected first-quarter earnings, pushed up Kroger's shares...

  • Kroger's first-quarter profit rises 23.5 percent Thursday, 18 Jun 2015 | 8:29 AM ET

    June 18- Kroger Co, the biggest U.S. supermarket operator, reported a 23.5 percent rise in quarterly profit, helped by a fall in operating expenses. Net income attributable to Kroger rose to $619 million, or $1.25 per share, in the first quarter ended May 23, from $501 million, or 98 cents per share, a year earlier. Total sales rose 0.3 percent to $33.1 billion.

  • Rite Aid same-store sales miss estimates Thursday, 18 Jun 2015 | 7:16 AM ET

    June 18- Rite Aid Corp, the No.3 U.S. drugstore chain operator, reported slower-than-expected quarterly same-store sales growth as the introduction of new generic drugs hurt pharmacy sales. Net income more than halved to $18.8 million, or 2 cents per share, in the quarter, from $41.4 million, or 4 cents per share, a year earlier. The fall in net income was mainly due to...

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses in a $1.9 billion deal that will help it bargain with drug makers for lower prices. "The addition of the Target pharmacy adds significant purchasing clout for pharmaceuticals," FBR Capital markets analyst Steven Halper wrote in a note.

  • June 15- Drugstore operator CVS Health Corp said it will acquire Target Corp's U.S. pharmacy and clinics businesses for about $1.9 billion to boost sales and prescription volumes. CVS's shares were up 0.4 percent at $102.65 in premarket trading on Monday, while Target's were flat at $79.50. Barclays is CVS's financial adviser, while Target's is Goldman Sachs.

  • LONDON, June 11- Britain's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, will lose 4 percent of their market share by 2020 as fast growing discounters Aldi and Lidl continue to expand, Moody's forecasts. "We expect Aldi and Lidl's combined share of the UK market to reach 12-15 percent by 2020," said Sven Reinke, Moody's vice president and senior...

  • LONDON, June 10- Investors bought in to British supermarket chain Sainsbury's insistence that its strategy is working, lifting its share price by 5 percent on Wednesday despite a sixth straight quarter of declining underlying sales. Bets against the sector are at record highs, with Sainsbury's and Morrisons the most shorted stocks on Britain's benchmark...

  • *Tech shares fall as Cap Gemini and AMS slip. LONDON, June 10- European shares edged up on Wednesday, with British supermarket Sainsbury's leading the market higher after reporting sales figures in line with the consensus forecast. Shares in Asian-focused bank Standard Chartered rose 3.2 percent, with traders saying that one of the reasons for the rise was the...

  • LONDON, June 10- British supermarket Sainsbury's on Wednesday posted a sixth straight quarter of declining underlying sales as a fierce price war and record deflation hurt the industry. The group, which trails market leader Tesco and Wal-Mart's Asda by annual revenue, said sales at stores open over a year fell 2.1 percent, excluding fuel, in the 12 weeks to June 6,...