BELLINGHAM, Wash.— The Washington state- based grocery chain Haggen Inc. plans to buy 146 Albertsons and Safeway stores in Washington, Oregon, California, Nevada and Arizona. The Bellingham Herald reports the sales are required under the federal review of Safeway's sale to an investment group that owns Albertsons. Associated Food Stores is buying eight stores...» Read More
LONDON, Dec 11- Dave Lewis, the new boss of Tesco, Britain's biggest grocer, is betting on a customer charm offensive coupled with selective price cuts to prevent poor Christmas trading compounding an already disastrous year for investors. The group, like its big three UK rivals Wal-Mart's Asda, Sainsbury's and Morrisons, has suffered as shoppers turn against the...
The confluence of many bad events will cause an avocado price spike and supply shortage in the coming months.
Kroger rose$. 53 or. 9 percent, to $61.89. Safeway rose$. 12 or. 3 percent, to $34.73. Supervalu rose$. 05 or. 6 percent, to $8.90.
CINCINNATI— The Kroger Co. said Thursday that its board chairman and former CEO, David Dillon, will retire at the end of the year after 38 years of service. The supermarket chain operator said Kroger CEO Rodney McMullen will take over as chairman next year. Dillon served as Kroger's chairman from 2004 to 2014 and as chief executive officer from 2003 to 2013. During...
Kroger rose$. 65 or 1.1 percent, to $62.01. Safeway rose$. 24 or. 7 percent, to $34.85. Supervalu rose$. 17 or 1.9 percent, to $9.02.
Kroger rose$. 44 or. 7 percent, to $61.80. Safeway rose$. 17 or. 5 percent, to $34.78. Supervalu rose$. 22 or 2.4 percent, to $9.06.
A Harvard Business School associate professor saw crimson after getting overcharged $4 on a $53.35 order of Chinese food and reportedly launched an email wrestling match with the eatery's owners.
Harvard's Benjamin Edelman, who apologized for an email blitz over a $4 overcharge, had a previous fight with another eatery, Boston.com reports.
Kroger fell$. 13 or. 2 percent, to $61.36. Safeway fell$. 25 or. 7 percent, to $34.61. Supervalu fell$. 35 or 3.8 percent, to $8.85.
A Harvard Business School professor is saying he's sorry for over-the-top emails complaining about a $4 takeout overcharge.
Kroger rose$. 23 or. 4 percent, to $61.72. Safeway fell$. 12 or. 3 percent, to $34.74. Supervalu fell$. 16 or 1.7 percent, to $9.04.
Kroger rose$. 69 or 1.1 percent, to $62.18. Safeway rose$. 01 or percent, to $34.87. Supervalu fell$. 06 or. 7 percent, to $9.14.
A Harvard Business School associate professor just couldn't let it go when he was overcharged $4 for Chinese takeout.
McDonald's wants the web to know what exactly makes it into those chicken McNuggets. CNBC's Landon Dowdy reports.
BUDAPEST, Dec 10- Hungary's ruling party wants supermarkets to close on Sundays, a measure likely to hurt big foreign retailers such as Tesco, Auchan and Aldi which say they were also targeted by new taxes. Prime Minister Viktor Orban says he wants to protect the Christian day of rest with the sort of trading restrictions in place in Germany, Austria and other...
Membership fees have helped Costco beat its profit estimates for the first quarter, but will cheaper fuel benefit the retailer's sales? Brian Nagel, retail analyst at Oppenheimer & Co thinks it's a possibility.
Kroger rose$. 13 or. 2 percent, to $61.49. Safeway rose$. 01 or percent, to $34.86. Whole Foods Market Inc. rose$. 13 or. 3 percent, to $48.15.
Kroger fell$. 30 or. 5 percent, to $61.06. Supervalu fell$. 25 or 2.7 percent, to $8.93. Whole Foods Market Inc. fell$. 05 or. 1 percent, to $47.97.
*Says 2014-15 trading profit will not exceed 1.4 bln stg. *Analysts had expected profit of around 1.9 bln stg. LONDON, Dec 9- Tesco slashed its profit forecasts for the fourth time in five months as its new boss took costly measures to rebuild the British grocer after its recent accounting scandal and dramatic loss of customers in an increasingly cut-throat market.
Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.