Kroger rose$. 17 or. 4 percent, to $40.52. Safeway rose$. 13 or. 4 percent, to $33.37. Supervalu rose$. 14 or 2.3 percent, to $6.35.» Read More
CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.
*Britain, trailblazer in online grocery, seen at 13.7 bln euros. *Grocery e-commerce also set to take off in Germany, Netherlands. BERLIN, Oct 24- Online grocery sales will roughly double on average by 2016 in five key northern European markets- Britain, France, Germany, Switzerland and the Netherlands- the food and consumer goods research group IGD said on Thursday.
JOHANNESBURG, Oct 22- South Africa's No.2 grocer, Pick n Pay, increased its profit for the first time since 2010 in the first half, sending its shares surging on Tuesday as investors bet the retailer's turnaround plan is starting to bear results.
Oct 17- Supervalu Inc's quarterly profit beat Wall Street estimates as the supermarket operator cut costs after selling a number of its underperforming chains earlier this year. Supervalu shares, which have tripled since the company announced the sale of 900 stores including the Albertsons chain in January, slipped 3 percent on Thursday.
Oct 17- Supervalu Inc' s quarterly profit beat Wall Street estimates as the supermarket operator cut costs after selling more than half of its stores earlier this year. The company's shares rose 6 percent in premarket trading after the company reported net income of $40 million, or 15 cents per share, in the quarter ended Sept. 7.
Oct 17- Supermarket operator Supervalu Inc reported a second-quarter profit, compared with a year-earlier loss, as operating costs fell. Net income was $40 million, or 15 cents per share, in the quarter ended Sept. 7, compared with a loss of $111 million, or 52 cents per share, in the same quarter last year. Sales rose 0.2 percent to $3.95 billion.
Loblaw, which is buying Shoppers Drug Mart Corp for C $12.4 billion to strengthen its competitiveness, said the cuts would come from management and administrative positions. Loblaw shares, which have risen some 12 percent this year, were up 1.9 percent to C $46.87 in Toronto.
The food industry is facing a backlash against high sugar content on the same scale as the one experienced by the tobacco industry.
LONDON, Oct 15- A British charity and a labour union accused Europe's largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds in UK tax since 2008 and called on the government to change laws which allow such tax planning.
Oct 10- Safeway Inc said on Thursday it plans to leave the Chicago market by early next year as it continues to narrow its focus and posted a sharply lower profit for the third quarter. The shares of Safeway, the second-largest U.S. mainstream grocery store operator, rose to $33.35 after hours after closing at $31.57 on the New York Stock Exchange.
Oct 10- Safeway Inc said on Thursday it plans to leave the Chicago market by early next year as it continues to narrow its focus and posted a sharply lower profit for the third quarter. Shares of Safeway, the second-largest U.S. mainstream grocery store operator, rose to $33.35 after hours after closing at $31.57 on the New York Stock Exchange.
Oct 9- Canadian pharmacy chain Jean Coutu Group Inc reported a lower-than-expected quarterly profit on Wednesday, hurt by ongoing regulations that have capped the prices companies can charge for generic drugs.
*Ocado fields stream of calls from foreign grocers- CEO. PARIS, Oct 8- Online grocer Ocado expects to strike an accelerating number of joint ventures with retailers outside its domestic British market, mirroring its deal with the Wm Morrison supermarket chain, its chief executive told Reuters.
Small farmers in Vermont and New York are backing a sustainable sail freight project that seeks to revive a 330-mile river trade route.
David Hamaty, Managing Director, Asia Pacific, Kurt Salmon highlights the likely impact and possible winners and losers of the sales tax hike in Japan.
Oct 1- Walgreen Co reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September. Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.
*Fourth-quarter earnings $0.73/ share vs est $0.72. Oct 1- Walgreen Co, the largest U.S. drugstore operator, reported a better-than-expected quarterly profit due to strong sales of higher-margin generic drugs, sending the company's shares up 2 percent in premarket trading.
*Tesco Q2 UK underlying sales seen flat to down 0.5 pct. LONDON, Sept 29- Britain's biggest grocer Tesco is expected to report at best flat quarterly UK sales on Wednesday, while on the same day rival Sainsbury will likely report accelerating sales growth as online and convenience stores continue strong.
The halal food market has huge potential for growth after being largely neglected in the U.K.
Sept 19- Rite Aid Corp, the No. 3 drugstore chain in the United States, reported a surprise quarterly profit after generic drug sales boosted margins, sending its shares up by a fifth to their highest in more than five years.