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Food and Staples Retailing


  • Americans waste $2,200 worth of this every year ... Wednesday, 22 Apr 2015 | 11:05 AM ET
    Money down the drain

    Americans waste a staggering $165 billion worth of food every year, costing the average family up to $2,200.

  • Property writedown drags Tesco to worst ever loss Wednesday, 22 Apr 2015 | 2:12 AM ET

    LONDON, April 22- Britain's biggest retailer Tesco posted the worst annual loss in its 96- year history on Wednesday after writing down the value of its stores by 4.7 billion pounds. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pretax loss of 6.38 billion pounds in...

  • Gwyneth Paltrow fails $29 food stamp challenge Friday, 17 Apr 2015 | 1:04 PM ET

    All eyes have been on Gwyneth Paltrow this week, to see if she could survive on $29 worth of food for the week; but did she manage?

  • Bad news, doughnut lovers! Prices are soaring Friday, 17 Apr 2015 | 11:46 AM ET
    Box of donuts

    It got more expensive to have a sweet tooth last month.

  • Could this beer make you more beautiful? Wednesday, 15 Apr 2015 | 3:46 PM ET

    Suntory, has launched “Precious," a light beer targeted predominantly at women. Yet this drink has a secret ingredient: collagen.

  • *To spend most in China and Russia. COPENHAGEN, April 15- IKEA, the world's biggest furniture retailer, plans to spend up to 3 billion euros on new shopping centres over the next 5-7 years, aiming to cash in on the popularity of its stores by collecting rent from retailers keen to set up nearby. Several supermarket groups such as France's Carrefour have pursued a...

  • Johnnie Walker reinvents the…glass? Tuesday, 14 Apr 2015 | 3:59 AM ET

    Johnnie Walker has established a new drinking experience — one that allows drinkers to hear a “personalized” tune while they sip on a glass of whisky.

  • Pepsi taking over sponsorship from rival Monday, 13 Apr 2015 | 11:09 AM ET
    Cans of Pepsi and Coca Cola are shown in a news stand refrigerator display rack in New York.

    PepsiCo is taking over league sponsorship rights of the National Basketball Association from rival Coca-Cola, the company confirmed Monday.

  • April 9- Drugstore operator Walgreens Boots Alliance Inc on Thursday reported a higher-than-expected quarterly profit and said it would widen its cost-cutting program, sending its shares higher. Walgreens said on Thursday that it had identified ways to increase the program to a projected $1.5 billion by the August year-end of fiscal 2017..

  • Finding that her top toy choice, Shopkins- tiny grocery store characters made by Australia's privately-held Moose Enterprise- was sold out, Catie went directly to the Barbie row and picked out one of Mattel Inc.' s iconic dolls. Though Mattel, Hasbro and Lego control about 40 percent of the U.S. toy market, there's a growing niche for smaller companies such as Alex...

  • April 8- Rite Aid Corp reported a better-than-expected quarterly profit on Wednesday, and expected a renewed distribution agreement with McKesson Corp along with the remodeling of its wellness stores to benefit fiscal 2016 earnings. Rite Aid is the No. 3 drugstore chain by sales in the U.S. behind Walgreen Boots Alliance and CVS Health Corp.

  • Rite Aid quarterly same-store sales rise 4.5 pct Wednesday, 8 Apr 2015 | 7:24 AM ET

    April 8- Drugstore chain operator Rite Aid Corp's quarterly revenue rose 3.8 percent, helped by strong prescription sales that drove better-than-expected same-store sales growth. Rite Aid's shares rose 2.9 percent to $8.95 in premarket trading on Wednesday. The latest quarter included an income tax benefit of $1.72 billion, or $1.67 per share, Rite Aid said.

  • *Aldi overtakes Waitrose to become Britain's No.6 grocer. LONDON, April 8- Sales at Britain's biggest retailer Tesco edged higher over the last three months, industry data showed on Wednesday, adding to signs of a tentative recovery in the supermarket's fortunes under its new boss. Market share figures from researchers Kantar Worldpanel also showed...

  • Why America's best loved beer label stands out Tuesday, 7 Apr 2015 | 8:59 AM ET
    Newburgh Brewing Co. Cream Ale

    The busy imagery on Newburgh Brewing Co.'s Cream Ale label was designed to stand out in an increasingly crowded beer market, Paul Halayko tells CNBC.

  • Domino's paying more to hire the right people: CEO Monday, 6 Apr 2015 | 11:38 AM ET
    An employee at Domino's Pizza

    The labor market is tightening up, and it is getting harder to find workers, CEO Patrick Doyle says.

  • McDonald's wage hike can improve outlook: Analyst Thursday, 2 Apr 2015 | 12:06 PM ET
    An employee gives a customer her food order inside a McDonald's restaurant in Oak Brook, Ill.

    Standard & Poor's has a negative outlook on McDonald's credit. The benefits of its wage hike could be worth the cost, Robert Schulz says.

  • COLOGNE, Germany, March 31- The strong finances of Germany's second-biggest supermarket group REWE mean it is well positioned to pounce on potential acquisitions, its chief executive said on Tuesday after profit grew faster than it expected in 2014.. Analysts have speculated that REWE might be interested in buying or being involved in an asset swap for some of...

  • FRANKFURT, March 27- Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles. Companies across dozens of different industries are now eyeing how these mobile business...

  • Tech turns tasty with printed pancakes Friday, 27 Mar 2015 | 10:20 AM ET

    Meet the PancakeBot: the world’s first pancake printer that allows you to design your own pancakes, print them in different colors and then eat them.

  • Report: Soda sales dropped again in 2014 Thursday, 26 Mar 2015 | 7:17 PM ET
    Diet Coke

    The total volume of carbonated soft drinks sold slid 0.9 percent from 2013 to 2014, according to a report.