Kroger rose$. 69 or 1.4 percent, to $50.17. Safeway fell$. 03 or. 1 percent, to $34.79. Supervalu fell$. 02 or. 2 percent, to $8.89.» Read More
BERLIN, July 7- Aldi and Lidl have a new weapon in their battle to be Germany's discount grocery number one: Coca-Cola. Both are still expanding abroad- particularly in Britain and the United States. There are now six times as many Aldi or Lidl stores per person in Germany as there are Wal-Marts per person in the United States.
General Mills and others are adjusting to a growing preference for quick meals like Chef Boyardee microwaveable lasagna and Lean Cuisine snack pizza.
July 2- Kroger Co, the biggest U.S. supermarket operator, said it would buy online grocery and nutrition products retailer Vitacost.com Inc for about $280 million to strengthen its online retailing business. Kroger said it would use Vitacost to enter new markets and new channels, along with its Harris Teeter's online order and pick-up service.
July 2- Kroger Co said it would buy online retailer Vitacost.com Inc for about $280 million in a bid to expand its online presence. The biggest U.S. supermarket operator's $8 per share offer repre4sents a 27.3 percent premium to Vitacost shares' Tuesday closing of $6.28 on the Nasdaq.
PARIS, July 1- Grocery manufacturers are struggling to adapt to the online world and need to invest in smarter packaging, presentation and supply chains to reap the long term benefits.
Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?
WASHINGTON, June 25- The senior U.S. senator from Illinois said on Wednesday he hopes that Walgreen Co, the major drugstore chain based in his state, will not relocate its tax home base to Switzerland, as some of the company's investors favor.
Rejoice, grocery shoppers! Food and grocery companies might just eat the cost of inflation themselves, executives told CNBC.
June 24- Walgreen Co, the largest U.S. drugstore operator, withdrew its profit and revenue forecasts for 2016, saying it had yet to work out several aspects of its planned acquisition of European drug retailer Alliance Boots Holdings Ltd..
June 24- Walgreen Co, the largest U.S. drug retailer, reported a lower-than-expected quarterly profit and said it was withdrawing its forecast for 2016 as it moves toward the complete acquisition of Alliance Boots Holdings Ltd. Walgreen said it would update investors on the Alliance Boots transaction and issue a new forecast by late July or early August.
June 24- Walgreen Co, the largest drug retailer in the United States, reported a 15.7 percent rise in quarterly profit, helped by strong growth in prescription sales. Net income rose to $722 million, or 75 cents per share, in the quarter ended May 31, from $624 million, or 65 cents per share, a year earlier. Sales rose 5.9 percent to $19.40 billion.
Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.
June 19- Kroger Co, the biggest U.S. supermarket operator, raised its forecast for full-year adjusted profit and same-store sales growth, helped by its acquisition of grocer Harris Teeter Supermarkets Inc.. Kroger raised its adjusted profit forecast to $3.19- $3.27 per share for fiscal 2014 from $3.14- $3.25 per share.
African drinkers are after beer "quality" over price, Heineken's boss for the region told CNBC, as the drinks giant eyes the booming market.
June 19- Kroger Co, the biggest U.S. supermarket operator, reported a better-than-expected quarterly profit, helped by its acquisition of grocer Harris Teeter earlier this year. Shares of Kroger, which owns the Ralphs, Smith's and Food 4 Less chains, were up 4 percent at $49.25 in premarket trading.
June 19- Drugstore operator Rite Aid Corp's quarterly profit more than halved, hurt by higher-than-expected drug costs and a bigger-than-anticipated fall in reimbursement rates. Rite Aid said a delay in the expected fall in prices of generic medicines raised its drug costs.
Starbucks is rolling out a program that would allow its workers to earn an online college degree at a steeply discounted rate.
The nation's largest drugstore chain, based in Illinois, is under pressure from some of its shareholders to do a deal known as a tax inversion with Alliance Boots Holdings Ltd that would shift Walgreen's tax domicile overseas.
LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down from the grocer after 10 years at the helm.