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Food and Staples Retailing

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  • Early Glance: Supermarkets companies Monday, 20 Oct 2014 | 10:40 AM ET

    Kroger rose$. 43 or. 8 percent, to $52.08. Safeway rose$. 25 or. 7 percent, to $33.94. Supervalu rose$. 16 or 1.9 percent, to $8.23.

  • Court rejects appeal from Duane Reade Ex-CEO, CFO Monday, 20 Oct 2014 | 9:38 AM ET

    WASHINGTON— The Supreme Court has rejected appeals from two former executives of New York City drugstore chain Duane Reade Inc. who were convicted of securities fraud. The men were convicted of scheming to falsely inflate the income and reduce the expenses Duane Reade reported to investors. Walgreen Co. purchased privately held Duane Reade in 2010..

  • *Carrefour 5 pct dearer than Lidl vs 20 pct premium in UK- LEK. PARIS/ BERLIN, Oct 20- The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. In Britain, Tesco, Wal-Mart's Asda, Sainsbury and Morrison are all losing shoppers to discounters Aldi and Lidl, which have...

  • CHICAGO, Oct 13- The Kroger Co, the biggest U.S. supermarket operator, said on Monday it will remove the "humanely raised" claims from a store brand of chicken to settle a federal lawsuit claiming the retailer deceived consumers because the animals were raised under standard commercial farming conditions. Kroger and the lawyers for a California consumer filed a...

  • Price cuts no quick cure for Tesco's ills Wednesday, 8 Oct 2014 | 9:55 AM ET

    LONDON, Oct 8- Cheaper meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share. Customers seeking to save money in a sluggish economy have turned away from the market leader to discounters such as Aldi and Lidl, igniting a price war in British grocery shopping and...

  • Oct 8- Canadian pharmacy chain Jean Coutu Group Inc reported a 3 percent rise in quarterly revenue as an increase in the number of franchised stores helped offset the impact of higher sales of generic drugs. Price-controls for generic drugs, aimed at cutting costs for government and private health programs, have also hurt Jean Coutu and rivals such as Shoppers...

  • Jean Coutu's sales rise 3 pct Wednesday, 8 Oct 2014 | 7:20 AM ET

    Oct 8- Canadian pharmacy chain Jean Coutu Group Inc reported higher quarterly sales, helped by demand for generic drugs and the expansion of its network of franchised stores. Net profit fell to C $53.6 million, or 28 Canadian cents per share, in the quarter ended Aug. 30, from C $208.2 million, or 99 Canadian cents per share, a year earlier. The company had reported a gain...

  • Oct 6- Private equity buyout firm TPG has approached troubled British grocer Tesco PLC to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday. TPG's offer to Tesco came several months ago, when Philip Clarke was still chief executive, Sky News said, citing a source.

  • Oct 6- Private equity buyout firm TPG has approached troubled British grocer Tesco PLC to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday. TPG's offer to Tesco came several months ago, when Philip Clarke was still chief executive, Sky News said, citing a source.

  • LONDON, Oct 2- British grocer Morrisons will launch its first customer loyalty card on Friday, aiming to win back market share with a scheme that provides a price match guarantee against discounters Aldi and Lidl as well as its traditional rivals. Bradford, northern England- based Morrisons, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury,...

  • Oct 1- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, said Walgreen Co would sell prescription drugs under its two Medicare Part D plans for 2015..

  • *Q2 like-for-like sales, ex fuel, fall 2.8 pct. LONDON, Oct 1- British grocer Sainsbury's cut its annual sales forecast and said it would review its dividend as part of a wider examination of the business, adding to the turmoil in a sector reeling from Tesco's accounting scandal.

  • LONDON, Oct 1- Britain's J Sainsbury cut its full-year sales forecast and said it would assess its dividend policy as part of a strategic review after second-quarter sales fell sharply, adding to the turmoil in the grocery market.

  • LONDON, Oct 1- Britain's J Sainsbury cut its full-year sales forecast on Wednesday after trading fell sharply in the second quarter, dragged down by intense competition in a UK grocery market growing at its slowest pace for more than 20 years.

  • LONDON, Oct 1- Britain's J Sainsbury cut its full-year sales forecast on Wednesday after trading fell sharply in the second quarter, dragged down by competition in a UK grocery market growing at its slowest pace for more than 20 years.

  • Sept 30- U.S. drugstore chain Walgreen Co said lower insurer payments for prescriptions amid increased competition, and a rise in generic drug prices would continue to hurt margins in the current quarter, pressing its shares. Pharmacy chains such as Walgreen are contracted with health insurers and others that operate Medicare Part D drug plans.

  • Sept 30- U.S. drugstore chain operator Walgreen Co reported its biggest jump in quarterly sales in three years, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading. Walgreen ended the year with a record 856 million filled prescriptions.

  • Sept 30- U.S. drugstore chain operator Walgreen Co reported a 6.2 percent rise in quarterly sales, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading.

  • The biggest coffee markets in the world are... Monday, 29 Sep 2014 | 11:34 AM ET

    The world's biggest market for java is seeing a surge in pod sales and upswing at restaurants.

  • The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.