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Food and Staples Retailing

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  • *Amazon expected to expand food sales at home and abroad. BERLIN, July 8- Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.

  • Cupcake shop Crumbs shuttering all its stores Tuesday, 8 Jul 2014 | 4:07 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.

  • 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.

  • For many Americans, every meal is a snack Wednesday, 2 Jul 2014 | 2:33 PM ET
    Candy for sale at a Walgreens store in Wheeling, Illinois.

    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.

  • Kroger to buy online retailer Vitacost for $280 mln Wednesday, 2 Jul 2014 | 8:18 AM ET

    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.

  • Food makers feel their way towards online future Tuesday, 1 Jul 2014 | 1:00 AM ET

    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.

  • Cereal industry ponders future as appetites change Saturday, 28 Jun 2014 | 7:00 AM ET

    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.

  • Rising food costs may not hit consumers Tuesday, 24 Jun 2014 | 2:30 PM ET
    A worker shelves cans of soft drinks at a Kroger Co. grocery store in Louisville, Kentucky, June 17, 2014.

    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.

  • Walgreen quarterly profit rises 16 pct Tuesday, 24 Jun 2014 | 7:40 AM ET

    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.

  • Not enough preservatives?! Velveeta recalled Friday, 20 Jun 2014 | 7:47 AM ET

    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.

  • Heineken eyes booming African beer market Thursday, 19 Jun 2014 | 9:02 AM ET

    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 offers shocking new perk for workers Monday, 16 Jun 2014 | 4:15 AM ET

    Starbucks is rolling out a program that would allow its workers to earn an online college degree at a steeply discounted rate.