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Food and Staples Retailing

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  • The companies receiving a letter on Sunday from the group were Wal-Mart Stores Inc, supermarket operators Kroger Co, Safeway Inc, which operate pharmacies, and drugstore chains Walgreen Co and Rite Aid Corp..

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.

  • Ocado sees opportunities from Amazon move into groceries Thursday, 13 Mar 2014 | 10:25 AM ET

    *Ocado not rushing into international partnership. LONDON, March 13- British online grocer Ocado sees Amazon's push to sell more groceries as more of an opportunity than a threat, believing it will encourage big international retailers to look for partners to help them get set up in e-commerce.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.

  • Empire, owner of Sobeys, reports nil quarterly profit Wednesday, 12 Mar 2014 | 7:30 PM ET

    March 12- Empire Co Ltd, the operator of Canadian grocery chain Sobeys, reported a steep fall in quarterly profit, hurt by higher inventory losses and higher costs due to a weaker Canadian dollar. Net earnings fell to C $40,000, or nil Canadian cents per share, in the third quarter, ended Feb 1, from C $74.1 million, or C $1.09 per share, a year earlier.

  • March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing stock price of $39.47 on the New York Stock Exchange.

  • March 6- Kroger Co, the biggest U.S. supermarket operator, forecast a higher-than-expected full-year profit as it benefits from the acquisition of southeast-focused grocer Harris Teeter.

  • Kroger quarterly profit falls 8.7 pct Thursday, 6 Mar 2014 | 8:44 AM ET

    March 6- Kroger Co, the biggest U.S. supermarket operator, reported an 8.7 percent fall in quarterly profit, citing a colder winter. The company, which owns the Ralphs, Smith's and Food 4 Less chains, said net income attributable to Kroger fell to $422 million, or 81 cents per share, from $462 million, or 88 cents per share, a year earlier.

  • The Starbucks offensive: A tea chain's battle plan Tuesday, 4 Mar 2014 | 11:20 AM ET
    Argo Tea

    Argo Tea is trying to stay competitive against Starbucks' Teavana. Here's how the company is hoping to combat the coffee giant.

  • Grubhub orders up an IPO Friday, 28 Feb 2014 | 3:54 PM ET
    In this Aug. 10, 2013, file photo, a GrubHub sticker is displayed next to photographs of items on the menu in the window of a restaurant in New York's Times Square.

    Online delivery company GrubHub plans to raise up to $100 million through an IPO.

  • Tesco in Britain and Walmart in the United States, are selling their own branded tablets pitched at customers unwilling to pay $400 or more for an Apple or Samsung product.

  • Honey, can you pick up a tablet at the grocery store? Thursday, 27 Feb 2014 | 1:56 PM ET

    Tesco in Britain and Walmart in the United States, are selling their own branded tablets pitched at customers unwilling to pay $400 or more for an Apple or Samsung product.

  • McDonald's to expand 'build your own burger' test Thursday, 27 Feb 2014 | 12:37 PM ET

    McDonald's is planning to expand "build-your-own burger" concept, as it aims to adopt the customization trend in the fast-food industry.

  • BOSTON, Feb. 25- When Alice Bast was diagnosed with celiac disease in 1994, she had to scour local health-food stores and send away to Canada for the gluten-free food her condition necessitated. Dillon estimates that where she used to spend $90 per week on groceries for her family of four, her weekly bill now is at least $130.

  • Feb 20- The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores Inc's grocery aisles. Wal-Mart shares fell 2.2 percent in morning trading. To combat sluggish sales, broaden its customer base and fend off aggressive rivals, Wal-Mart said it was doubling the number of smaller new stores it originally planned to open this year.

  • Safeway exploring sale of company Wednesday, 19 Feb 2014 | 6:44 PM ET

    The second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company.

  • NEW YORK, Feb 19- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said on Wednesday it is in talks about a possible sale of the company. A handful of buyout firms, including Cerberus Capital Management LP, have been exploring a deal for all or part of Safeway, Reuters reported in October.

  • Hot Pockets recalled on meat ‘unfit' for humans Wednesday, 19 Feb 2014 | 12:09 PM ET

    Nestlé announced Tuesday that it was voluntarily recalling two of its Hot Pockets products following a wider meat recall.

  • Love this: Pricing out your Valentine’s dinner Friday, 14 Feb 2014 | 9:52 AM ET

    With food prices fairly stable, this year's special dinner won't set you back much more than last year's. But next year? Watch out.

  • Currencies hit P&G’s bottom line. Who’s next? Thursday, 13 Feb 2014 | 10:27 AM ET
    Procter & Gamble Co. Crest brand toothpaste sits on display in a supermarket in Princeton, Illinois, on Wednesday, Oct. 23, 2013.

    US multinational companies are dealing with an increasingly big headache when it comes to sales and profits: currencies.

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Wednesday, 23 Apr 2014 | 4:57 PM ET

Weekly jobless claims and durable goods are the numbers to watch Thursday, but so are the massive amount of earnings reports expected. CNBC's Patti Domm explains.

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Apple is reporting Q2 EPS of $11.62 on revenue of $45.6 billion. Gene Munster, Piper Jaffray senior research analyst, says investors should feel a sense of relief on these numbers.

Wednesday, 23 Apr 2014 | 3:23 PM ET

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