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Food and Staples Retailing

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  • Aldi UK says e-commerce "not an immediate focus" Friday, 20 Mar 2015 | 6:49 AM ET

    LONDON, March 20- German discounter Aldi played down on Friday a media report that it is planning to try out online grocery sales in Britain, saying e-commerce "is not an immediate focus". German trade journal Lebensmittel Zeitung cited unnamed sources on Thursday as saying Aldi was preparing to launch an online store in Britain and possibly in other countries,...

  • Aldi to test ecommerce in Britain, other markets - report Thursday, 19 Mar 2015 | 12:43 PM ET

    *Aldi North mulls online sales in Spain, Portugal- report. Germany's Lebensmittel Zeitung cited unnamed sources as saying Aldi was preparing to launch an online store in Britain, where grocery ecommerce is more advanced than elsewhere in Europe, already accounting for about 5 percent of sales. Online grocery sales will roughly double from 2012 to 2016 in five...

  • Trader Joe's walnut recall: What you need to know Tuesday, 17 Mar 2015 | 2:31 PM ET
    Trader Joe's in Pinecrest, Florida.

    Here is what you need to know about the supermarket's raw walnut recall.

  • LONDON, March 17- Britain's Sainsbury's expressed confidence in outperforming its supermarket peers and played down the threat posed by recovering rival Tesco on Tuesday, although it said no quick improvement in tough trading conditions was expected. Sainsbury's posted a fifth consecutive quarter of declining underlying sales but it said measures laid...

  • LONDON, March 17- British supermarket Sainsbury's posted a fifth straight quarter of declining underlying sales and said it did not expect the trading environment to improve any time soon. The group, which trails market leader Tesco and Wal-Mart's Asda by annual sales, said on Tuesday sales at stores open over a year fell 1.9 percent, excluding fuel, in the 10...

  • Sainsbury's sales dip for fifth straight quarter Tuesday, 17 Mar 2015 | 3:09 AM ET

    LONDON, March 17- British supermarket Sainsbury's posted a fifth straight quarter of declining underlying sales and said it did not expect the trading environment to improve any time soon. The group, which trails market leader Tesco and Wal-Mart's Asda by annual sales, said on Tuesday sales at stores open over a year fell 1.9 percent, excluding fuel, in the 10...

  • *Amazon seen eventually launching "Fresh" in Germany. COLOGNE, Germany, March 12- Germany's second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. The online customer is our opportunity to become the number one in Germany.

  • LONDON, March 12- The daunting task facing the new boss of Morrisons was illustrated on Thursday when Britain's fourth biggest supermarket reported its lowest annual profit in eight years and warned investors it would cut its dividend. David Potts, a former executive of market leader Tesco, starts as Morrisons CEO on Monday. "Whilst our broad strategy of saving...

  • LONDON, March 12- Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The 150- year-old employee-owned group, which runs Britain's biggest department store chain as well as its sixth...

  • LONDON, March 12- Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The employee-owned group, which runs Britain's biggest department store chain as well as its sixth largest...

  • LONDON, March 12- Britain's fourth biggest supermarket Morrisons signalled it would cut its dividend in 2015 after it reported its lowest annual profit in eight years on Thursday, hurt by a fierce industry price war. Last month the Bradford, northern England, based group, named former Tesco executive David Potts as its new CEO, succeeding Dalton Philips, who was...

  • Morrisons year profit more than halves Thursday, 12 Mar 2015 | 3:25 AM ET

    Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by a strategic decision to slash prices.

  • LONDON, March 12- Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by last year's strategic decision to slash prices to stem the loss of shoppers to discounters Aldi and Lidl. Morrisons, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's in annual sales, said on Thursday it made an...

  • UPDATE 2-Tesco turnaround gathers pace under new CEO Tuesday, 10 Mar 2015 | 7:19 AM ET

    LONDON, March 10- Britain's Tesco posted its strongest sales performance in 18 months, industry data showed on Tuesday, adding to evidence that new boss Dave Lewis's turnaround plan is making an impact as a supermarket price war intensifies. Since joining the troubled grocer last September, Lewis has cut prices on fresh produce and branded goods, improved...

  • LONDON, March 10- Britain's biggest supermarket Tesco recorded its strongest sales performance in 18 months, industry data showed on Tuesday, adding to evidence new boss Dave Lewis' turnaround plan is making an impact. Market researcher Kantar Worldpanel said Tesco's sales rose 1.1 percent over the 12 weeks to March 1. The increase helped Tesco arrest its...

  • March 9- Loblaw Cos Ltd, Canada's largest grocer, said on Monday that it would open more than 50 stores and renovate more than 100 in 2015, creating 5,000 in-store jobs. The investment will also stimulate about 15,000 construction and trade jobs, said Kevin Groh, Loblaw's vice president of corporate affairs and communication. Loblaw and other Canadian retailers,...

  • LONDON/ PARIS, March 5- European shares touched a fresh 7-1/ 2 year high on Thursday, boosted by encouraging comments from the European Central Bank and by strong results from supermarket Carrefour and fund manager Schroders. ECB President Mario Draghi said the bank's bond-buying program, due to start on Monday, could last beyond September 2016 if needed and...

  • March 5- Kroger Co, the biggest U.S. supermarket operator, forecast a full-year profit above analysts' estimates as it benefits from its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Kroger shares rose 6.7 percent to a record high of $74.30 in morning trading on Thursday. Kroger completed its $2.5 billion acquisition of Harris Teeter...

  • Supermarket operator Kroger's profit rises 23 pct Thursday, 5 Mar 2015 | 8:53 AM ET

    March 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a 23 percent rise in quarterly profit, helped by its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Net income attributable to Kroger rose to $518 million, or $1.04 per share, in the fourth quarter ended Jan. 31, from $422 million, or 81 cents per share, a year...

  • Costco earnings 'very solid': Analyst   Thursday, 5 Mar 2015 | 5:40 AM ET
    Costco earnings 'very solid': Analyst

    Costco has reported its second-quarter earnings. Brian Nagel, retail analyst at Oppenheimer & Co, says it's another "very solid" report.