Kroger fell$. 49 or 1.0 percent, to $49.24. Safeway fell$. 10 or. 3 percent, to $34.72. Supervalu fell$. 10 or 1.1 percent, to $9.35.» Read More
Starbucks is rolling out a program that would allow its workers to earn an online college degree at a steeply discounted rate.
The nation's largest drugstore chain, based in Illinois, is under pressure from some of its shareholders to do a deal known as a tax inversion with Alliance Boots Holdings Ltd that would shift Walgreen's tax domicile overseas.
LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down from the grocer after 10 years at the helm.
June 5- Drug retailer Rite Aid Corp estimated first-quarter profit much below analysts' expectations due to higher-than-expected drug costs and a bigger-than-expected fall in reimbursement rates. Rite Aid's shares fell as much as 14 percent on Thursday on the New York Stock Exchange.
LONDON, June 4- Britain's biggest retailer Tesco recorded its worst quarterly UK sales drop in 40 years, raising questions over boss Phil Clarke's strategy to counter the challenges of a rapidly-changing grocery industry. They are turning to fast-growing discounters Aldi and Lidl for basics and Waitrose and Marks& Spencer for top end treats.
Craft beer has exploded on to the market, but the hop price rise could spell the end of small brewers and make it a ripe sector for M&A.
Soaring beef prices have some consumers opting for meatless meat, Gardein founder Yves Potvin told CNBC.
May 20- Staples Inc forecast a fall in sales in the current quarter as customers shift to e-retailers, mass merchants and drugstores to buy their office supplies, and the company reported its weakest quarterly gross margins since May 2003.
May 20- Staples Inc forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.
It's not your father's soda fountain. Pepsico is betting Spire—a new touchscreen, make-it-yourself, high-tech beverage fountain—will be a game changer.
May 15- Wal-Mart Stores Inc forecast a profit for the current quarter that fell short of analyst expectations after quarterly sales grew at their slowest pace in nearly five years. One in five of Wal-Mart's customers relies on government food stamps, which can be used instead of cash to buy groceries.
May 15- Wal-Mart Stores Inc reported a 5 percent drop in quarterly profit as a severe winter in the United States kept shoppers from its stores. Wal-Mart, which gets more than half its sales from groceries, said sales at U.S. stores open for at least a year were relatively flat during the quarter.
May 12- Hillshire Brands Co will buy Pinnacle Foods Inc for $4.3 billion to add products such as Duncan Hines baking mixes and Bird's Eye frozen foods to its lineup that includes Jimmy Dean sausages and Sara Lee desserts. Hillshire's other products include Hillshire Farm luncheon meats, Aidells sausages and Gallo Salame salamis.
Shares of Whole Foods Market dipped more than 18 percent when trading began Wednesday morning, and CNBC's Jim Cramer calls the move a 'loss of faith.'
*Mike Coupe to succeed Justin King as CEO in July. LONDON, May 7- British grocer J Sainsbury said it was well-equipped to cope with the rise of discounters and price cuts by major rivals, even though a 5.3 percent increase in annual profit represented its weakest growth in nearly a decade.
May 6- Whole Foods Market Inc on Tuesday cut its 2014 same-store sales and earnings forecast for the third time amid rising competition in the natural and organic grocery sector that it dominates, and shares tumbled almost 15 percent.
May 6- Whole Foods Market Inc on Tuesday cut its 2014 same-store sales and earnings forecast for the third time amid rising competition in the natural and organic grocery sector that it dominates and shares tumbled more than 12 percent.
*Apple shares in spotlight after closing above $600. *Shares of Office Depot Inc jumped 10 percent in premarket trading even as it reported a quarterly loss and said it would shut at least 400 stores in the United States, hurt by competition from e-retailers, mass market chains and drugstores.
*Apple shares in spotlight after closing above $600. *Shares of Office Depot Inc jumped 8 percent in premarket trading even as it reported a quarterly loss and said it would shut at least 400 stores in the United States, hurt by competition from e-retailers, mass market chains and drugstores.
May 6- Office Depot Inc said it would close at least 400 stores in the United States as shoppers shift their office supply purchases to e-retailers, mass market chains and drugstores. Office Depot, which also reported a quarterly net loss, said it expects to close 150 stores this year.