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Food and Staples Retailing

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  • *Ousted CEO Dalton Philips to leave firm on Feb. 16. LONDON, Feb 12- Britain's No.4 supermarket group Morrisons said finance director Trevor Strain would take on chief executive duties while a successor is sought to replace Dalton Philips, who was ousted as CEO in January after poor Christmas trading. The Bradford, northern England- based firm said on Thursday that...

  • Feb 11- Drugstore operator Rite Aid Corp agreed to buy pharmacy benefit manager EnvisionRx for about $2 billion, looking to cut drug procurement costs as reimbursement rates fall. Rite Aid's deal comes nearly a decade after larger rival CVS Health Corp bought Caremark Rx for $21 billion, the only other example of a drug chain buying a benefits manager.

  • UPDATE 1-Whole Foods sales accelerate, shares rise Wednesday, 11 Feb 2015 | 4:50 PM ET

    Feb 11- Whole Foods Market Inc on Wednesday said same-store sales have accelerated, helped by stronger consumer confidence and shoppers' positive response to the upscale grocer's price cutting and its first national advertising campaign. Shares in the largest U.S. organic and natural food supermarket were up 2.1 percent in extended trading after the news...

  • Whole Foods profits beat as sales hit record high Wednesday, 11 Feb 2015 | 4:04 PM ET

    Whole Foods delivered quarterly earnings that beat analysts' expectations on Wednesday, while sales figures were in line.

  • Nestle takes on Hershey's in non-chocolate wars Wednesday, 11 Feb 2015 | 3:09 PM ET
    Red licorice

    For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.

  • Feb 11- Drugstore operator Rite Aid Corp said it would buy pharmacy benefit manager EnvisionRx for about $2 billion, entering the business of administering health plan benefits. The deal will help Rite Aid compete better with CVS Health Corp, which bought Caremark Rx for $21 billion in 2006.. The acquisition of EnvisionRx will also give Rite Aid access to more...

  • Feb 11- Drugstore operator Rite Aid Corp said it would buy pharmacy benefit manager EnvisionRx for about $2 billion, to enter the business of administering drug benefits for employers. The third-largest U.S. drug-store chain said it would pay about $1.8 billion in cash and $200 million in stock. Rite Aid's shares rose 3 percent to $7.88 in premarket trading.

  • Feb 10- CVS Health Corp reported a better-than-expected quarterly net revenue, boosted by growth in its Medicaid business and strength in specialty drug sales. CVS became the first national drugstore chain in the United States to take cigarettes off its shelves from Oct. 1. CVS Health has focused on developing its specialty pharmacy business, which sells drugs...

  • Fancy a year’s supply of burgers – for only $144? Tuesday, 10 Feb 2015 | 9:29 AM ET

    For a measly $144, PYT, a Philadelphia-based burger chain is offering 365 days’ worth of burgers and fries at two of its branches.

  • Feb 10- CVS Health Corp, the No. 2 U.S. drugstore operator, reported a better-than-expected quarterly net revenue, helped by a jump in pharmacy same-store sales and strength in its specialty pharmacy business. CVS Health has focused on developing its specialty pharmacy business, which sells drugs to treat complex diseases such as multiple sclerosis, rheumatoid...

  • *Kantar says Tesco sales up 0.3 pct in 12 weeks to Feb. 1 Tesco outcome is first growth since Jan. 2014. LONDON, Feb 10- Britain's biggest supermarket has recorded its first sales rise since January 2014, data showed on Tuesday, suggesting attempts by Tesco's new boss to restore an image dented by a price war with discounters and an accounting scandal may be bearing...

  • The obscure Brazilian booze Snoop Dogg just loves Sunday, 8 Feb 2015 | 2:00 PM ET
    Snoop Dogg is an investor in Brazilian spirit Cuca Fresca.

    'I get involved when I see big opportunities for growth, and this is one of them,' the rapper said.

  • British tastebuds caught in crossfire of chocolate war Saturday, 7 Feb 2015 | 1:55 AM ET

    Brits living in the U.S. now have to settle for American versions of chocolate after the confectionery giant Hershey forced two companies to stop importing UK-made versions. The FT reports.

  • Taco Bell is stuffing their taco shells with this Friday, 6 Feb 2015 | 4:09 PM ET
    Taco Bell's new Quesalupa

    Taco Bell figures if the pizza guys can stuff cheese into pizza crust, it, too, can stuff cheese into a crispy shell, USA Today reports.

  • LONDON, Feb 5- Britain's grocery industry watchdog opened an investigation on Thursday into Tesco's relations with its suppliers, dealing a further blow to the battered reputation of the country's biggest supermarket. The Groceries Code Adjudicator Christine Tacon, set to be given the power to fine retailers up to one percent of their annual UK turnover, said...

  • LONDON, Feb 5- Britain's grocery industry watchdog said on Thursday it had launched an investigation into supermarket Tesco's supplier practices with have resulted in delayed payments. The watchdog said the probe, which will cover the conduct of Tesco from June 25 2013 to Feb. 5 2015, was expected to take place over the next six to nine months and called for...

  • Dinner is coming! Game of Thrones restaurant opens Wednesday, 4 Feb 2015 | 9:16 AM ET

    Enjoy plotting regicide while consuming piles of poached veal tongue? Then a pop-up restaurant based on "Game of Thrones" could satisfy you.

  • CARACAS, Feb 3- Venezuela said on Tuesday it has temporarily taken over 35 stores belonging to the "Dia a Dia" supermarket chain on charges it squirreled away food to stoke public exasperation over widespread shortages. Venezuela's head of the National Assembly, Diosdado Cabello, confirmed on Tuesday that the chain was Dia a Dia, which chiefly caters to the...

  • Strong dollar no match for whiskey fever Tuesday, 3 Feb 2015 | 11:33 AM ET
    Bottles of Jack Daniel's whiskey

    Boom times in American whiskey helped propel domestic spirits exports for a fifth straight year, a trade group says.

  • Body like Beyoncé? Songstress starts vegan venture Tuesday, 3 Feb 2015 | 10:38 AM ET

    Beyoncé has now announced a partnership with an exercise physiologist; to launch a home-delivery service for the "22 Days Nutrition” challenge.