GO
Loading...

Food and Staples Retailing

More

  • LONDON, Jan 7- Strong demand for premium foods and clothing helped British grocer J Sainsbury to beat Christmas sales forecasts, though it continued to lose market share to discounters and warned of another tough year for mainstream supermarkets. The company, which trails troubled market leader Tesco and Wal-Mart Stores' Asda by annual sales, said on Wednesday...

  • LONDON, Jan 7- European shares halted a three-day slide at the open on Wednesday, helped by a rise in retailers after estimate beating German sales data and a strong showing by British supermarket Sainsbury's. Supporting sentiment in the broader market, German retail sales rose one percent in November, beating expectations for a flat reading, data from...

  • LONDON, Jan 7- British grocer Sainsbury's posted a better-than-expected performance in the Christmas quarter, though it was still hurt by a loss of share to discounters and an intensifying industry price war. The group, which trails troubled market leader Tesco and Wal-Mart Stores' Asda by annual sales, said on Wednesday sales at stores open over a year fell 1.7...

  • LONDON, Jan 7- British grocer Sainsbury's posted a better than expected performance in the Christmas quarter, though it was still hurt by a loss of share to discounters and an intensifying industry price war. The group, which trails troubled market leader Tesco and Wal-Mart Stores' Asda by annual sales, said on Wednesday sales at stores open over a year fell 1.7...

  • Girl Scouts unveil new cookies (and ditch others) Tuesday, 6 Jan 2015 | 1:10 PM ET
    Thin Mint Girl Scout cookies.

    Taking cues from one of today's hottest food trends, the Girl Scouts are adding three new cookies to their lineup this year.

  • The Postal Service has been losing billions of dollars for years, including $5.5 billion in fiscal 2014, despite cutbacks in the workforce, consolidation of facilities and other cost-cutting moves. "Congress needs to look at the Postal Service as a business that is going to be a lot different in the coming years and it should view this as a positive, desirable...

  • Walgreens December same-store sales beat estimates Tuesday, 6 Jan 2015 | 11:35 AM ET

    Jan 6- Walgreen Co, the largest U.S. pharmacy chain, reported a better-than-expected jump in December comparable store sales, helped by the month containing one more Wednesday and one fewer Sunday than a year ago and higher sales of flu medicine. Walgreen, which gets more than 60 percent of its revenue from prescription drug sales, also sells non-prescription...

  • SACRAMENTO, Calif., Dec 30- An effort to kill California's first-in-the-nation state ban on single-use plastic grocery bags advanced this week after bag makers spent several million dollars on a campaign to gather signatures for a proposed ballot initiative to overturn it. "You just take it back to the grocery store and stuff it into a container and it gets...

  • SACRAMENTO, Calif., Dec 30- An effort to kill California's first-in-the-nation state ban on single-use plastic grocery bags advanced this week after bag makers spent several million dollars on a campaign to gather signatures for a proposed ballot initiative to overturn it. "You just take it back to the grocery store and stuff it into a container and it gets...

  • Why California egg prices are skyrocketing Tuesday, 30 Dec 2014 | 4:34 PM ET
    A farm worker collects eggs in an old-fashioned chicken house at an egg farm, on November 6, 2014 in San Diego, California.

    A new California requirement is already leading to a surge in egg prices, NPR reports.

  • Walgreen profit rises 16% on record prescriptions Tuesday, 23 Dec 2014 | 9:23 AM ET
    A Walgreens store is shown in Homestead, Fla.

    U.S. drugstore chain operator Walgreen reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled.

  • Dec 23- U.S. drugstore chain operator Walgreen Co reported a better-than-expected quarterly profit, helped by a record number of prescriptions filled, sending its shares up 3.6 percent. The combined cost savings for Walgreen and Alliance Boots in the quarter were about $140 million. Net income attributable to Walgreen rose 16 percent to $809 million, or 85...

  • Walgreen profit rises 16 pct on record prescriptions Tuesday, 23 Dec 2014 | 7:42 AM ET

    Dec 23- U.S. drugstore chain operator Walgreen Co reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled. Net income attributable to the company rose to $809 million, or 85 cents per share, in the first quarter ended Nov. 30, from $695 million, or 72 cents per share, a year earlier. Walgreen's shares were up 2 percent at $76 in...

  • Hipster hangouts: Cereal, bikes and Brecht Friday, 19 Dec 2014 | 1:28 AM ET

    Cereal Killer Cafe opened last week in London's hip East End. Here, CNBC looks at some of world's craziest hipster hangouts.

  • Dec 18- Rite Aid Corp, the third largest U.S. drugstore chain, raised its full-year earnings forecast after cutting it twice this year as higher sales of prescription drugs pushed up its profit and revenue in the third quarter. Rite Aid's shares jumped 13.3 percent to $6.87 in heavy premarket trading. Rite Aid, which sells over-the-counter drugs, personal care...

  • Rite Aid's quarterly profit jumps 46.5 pct Thursday, 18 Dec 2014 | 7:20 AM ET

    Dec 18- U.S. drugstore chain Rite Aid Corp's quarterly profit jumped 46.5 percent as higher sales of prescription drugs boosted same-store sales. The company's net income rose to $104.9 million, or 10 cents per share, in the third quarter ended Nov. 29 from $71.6 million, or 4 cents per share, a year earlier. Total revenue rose 5.3 percent to $6.69 billion.

  • PARIS, Dec 18- Supermarkets group Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, securing local retail expertise to support growth in its second largest market and in a first step towards a separate listing. Carrefour said the transaction had closed, and that "this opening of the capital of the Brazilian subsidiary...

  • SAO PAULO, Dec 17- Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, potentially strengthening its ability to take on the supermarket chain Diniz's father founded. Under terms of the deal, Diniz, whose Peninsula Participações holding...

  • LONDON, Dec 11- Dave Lewis, the new boss of Tesco, Britain's biggest grocer, is betting on a customer charm offensive coupled with selective price cuts to prevent poor Christmas trading compounding an already disastrous year for investors. The group, like its big three UK rivals Wal-Mart's Asda, Sainsbury's and Morrisons, has suffered as shoppers turn against the...

  • Dec 10- Walgreen Co said Chief Executive Greg Wasson would retire and hand the reins on an interim basis to the head of Alliance Boots Holdings Ltd, a move that follows a series of events that has tested investor confidence in the U.S. drugstore chain. Walgreen said Wasson would step down shortly after it completes the purchase of the 55 percent it does not already...