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Food Retail

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  • UPDATE 1-Loblaw's profit beats on strong pharmacy sales Wednesday, 12 Nov 2014 | 7:53 AM ET

    Nov 12- Loblaw Companies Ltd, Canada's largest grocer, reported a better-than-expected quarterly profit, boosted by strong pharmacy sales at its recently acquired Shoppers Drug Mart business. Loblaw, majority-owned by George Weston Ltd, bought Shoppers Drug Mart Corp last year to better compete against the expanding Canadian businesses of U.S.-based...

  • European shares slip as banks, retailers retreat Wednesday, 12 Nov 2014 | 7:20 AM ET

    *HSBC, RBS, UBS, Barclays in focus after forex probe fines. LONDON/ PARIS, Nov 12- European shares fell on Wednesday, with financials hit after global regulators fined five banks for failings in currency trading, while supermarket chain J. Sainsbury dropped after announcing plans to cut prices. The European banking index slipped 1.3 percent after global regulators...

  • *To invest additional 150 mln stg in price cuts. LONDON, Nov 12- Sainsbury's plans to cut spending on new stores and reduce dividend payments to fund cheaper prices, increasing the pressure on ailing larger rival Tesco in the battle for British supermarket customers. The stock was down 4.5 percent at 256.9 pence at 1120 GMT on Wednesday after Coupe acknowledged...

  • LONDON, Nov 12- Sainsbury's threw down the gauntlet to larger rival Tesco on Wednesday, taking a hit on profits and the dividend to fund lower prices for customers in the latest escalation of the British supermarket battle. The strategy was the first big announcement from new boss Mike Coupe who took over in July. Shares in the group were little changed at 0835 GMT,...

  • The big four-- Tesco, Asda, Sainsbury and Morrisons-- still control 73 percent of UK grocery turnover but discounters such as Aldi and Lidl, e-commerce sites like Ocado and higher-end stores like Marks and Spencer and Waitrose are gaining ground. Unilever says it keeps margins with discounters, which account for over a billion euros of turnover, in line with its...

  • Sriracha, curry and thin-crust: The new-look Pizza Hut

    Pizza Hut announced on Monday some big changes to its menus. The national chain plans to offer curry-crusted pizza and other premium offerings next week. CNBC.com's Katie Little reports.

  • Cramer on McDonald's: Dow laggard to leader?   Monday, 10 Nov 2014 | 9:14 AM ET
    Cramer on McDonald's: Dow laggard to leader?

    Discussing McDonald's sales and leadership, CNBC's Jim Cramer explains why recent good numbers could be the beginning of a trend.

  • Whole Foods revamps with 'Value Matters'   Friday, 7 Nov 2014 | 9:18 AM ET
    Whole Foods revamps with 'Value Matters'

    CNBC's Jim Cramer speaks to Walter Robb, Whole Foods Market Co-CEO, about the company's strong quarterly earnings, growth initiatives and "Valuate Matters" campaign.

  • LONDON, Nov 6- Britain's Morrisons posted another big fall in quarterly sales as shoppers sought savings in discount chains or paid more for upmarket treats though the grocer said its plan to address changing industry trends was working. With wages stagnant, discounters are booming and all Britain's grocers have responded by cutting prices, hitting profits.

  • LEEDS, England, Nov 6- British supermarket operator J Sainsbury Plc's answer to discounters Aldi and Lidl was unveiled on Thursday, with the opening of its first Netto-branded store in northern England tasked to win over thrifty shoppers. Sainsbury and Dansk Supermarked, Denmark's largest retailer whose Netto brand is present in five countries, have each...

  • UPDATE 1-UK grocer Morrisons' sales fall again Thursday, 6 Nov 2014 | 2:31 AM ET

    LONDON, Nov 6- Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales, as competition from discounters and a move to cut prices compounded the weak overall food market. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, said on Thursday sales at stores open...

  • UK grocer Morrisons' sales fall again Thursday, 6 Nov 2014 | 2:14 AM ET

    LONDON, Nov 6- Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales, as it continued to be hurt by its move to cut prices to counter a loss of market share to the discounters and by a weak overall food market. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury in annual sales,...

  • UPDATE 1-Whole Foods profit beats on market share gains Wednesday, 5 Nov 2014 | 5:18 PM ET

    Nov 5- Upscale grocer Whole Foods Market Inc reported a better-than-expected quarterly profit as the company increased its market share and launched new products. The strong results allay concerns that Whole Foods was losing its share of the upmarket grocery sector it pioneered in the face of rising competition from Sprouts Farmers Market Inc and Fresh...

  • Supermarket sweep: What could lift Kroger shares Monday, 3 Nov 2014 | 12:37 PM ET
    A shopper outside a Kroger supermarket in Peoria, Illinois.

    Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.

  • What sandwich sales say about the economy Monday, 3 Nov 2014 | 9:18 AM ET

    Jersey Mike's CEO Peter Cancro says his company's performance is a sign that consumers have more money to spend on higher-priced food options.

  • MOSCOW, Oct 29- Russian supermarket operator X5 Retail Group NV raised its revenue forecast to 17-19 percent this year after posting a 49 percent increase in third-quarter net profit as it weathered a food import ban by sticking with low prices. Russia's second biggest food retailer had forecasted a 10-12 percent rise. The increase in forecasts and cut in capex...

  • Hey, what's new at the mall? Tuesday, 28 Oct 2014 | 3:25 PM ET
    City Creek Center Mall in Salt Lake City, Utah.

    Rumors of the demise of the shopping mall have been greatly exaggerated! They’re alive and well. Here are three major trends.

  • Minimum-wage workers deserve more Thursday, 23 Oct 2014 | 1:18 PM ET
    Steve James: The value of work

    Steve James was impressed by the work ethic of the minimum-wage workers he met while making his documentary, "The Value of Work." He thinks they deserve better.

  • New from Fatburger: A bun made of...meat Thursday, 23 Oct 2014 | 12:32 PM ET
    Skinny Burger by Fatburger

    Fatburger has rolled out a new "Skinny Burger" that has a lot of meat, but apparently not a lot of calories.

  • Tesco profits plummet, chairman resigning Thursday, 23 Oct 2014 | 7:12 AM ET

    Tesco's earnings statement reveals that the UK supermarket giant had overstated profits for the first half of 2014 by £263 million.