Food Retail


  • CARACAS, Feb 19- The U.S.-based owner of a supermarket chain taken over by Venezuela's socialist government hopes to recover his business despite accusations of hoarding goods to inflate shopping lines. Dia Dia owner Jose Vicente Aguerrevere, a Venezuelan who now lives in Boston after spending most of his life in Europe and the United States, told Reuters by...

  • Early Glance: Supermarkets companies Thursday, 19 Feb 2015 | 10:51 AM ET

    Kroger fell$. 78 or 1.1 percent, to $72.65. Supervalu fell$. 04 or. 4 percent, to $10.39. Whole Foods Market Inc. fell$. 26 or. 5 percent, to $56.94.

  • *Carrefour to open first Kenya store this year. *Kenya seen as gateway to regional trade. Kenya, with a GDP of $53.4 billion, is a gateway to regional trade, but it holds other attractions for retail investors.

  • UK's Asda sales hurt by supermarket price war Thursday, 19 Feb 2015 | 7:14 AM ET

    LONDON, Feb 19- Supermarket Asda, the British arm of United States retailer Wal-Mart, said on Thursday same store sales fell in its Christmas quarter, hurt by an escalating industry price war. Asda, which trails UK market leader Tesco by annual revenue, said sales at stores open over a year, excluding fuel, were down 2.6 percent on a year ago in the 12 weeks to Jan. 4, its...

  • Will Wal-Mart miss on revenue?  Thursday, 19 Feb 2015 | 5:50 AM ET

    Wal-Mart will report its earnings later today. Burt Flickinger, managing director at Strategic Resource Group, discusses what he's expecting.

  • Nestle CEO: We're offsetting Swiss Franc moves  Thursday, 19 Feb 2015 | 5:20 AM ET

    Paul Bulcke, CEO of Nestle, talks the current volatility in the Swiss franc and the measures the company is taking to offset that.

  • Nestle CEO discusses company results  Thursday, 19 Feb 2015 | 5:15 AM ET

    Paul Bulcke, CEO of Nestle, discusses emerging markets and the growth of the company.

  • China's chocolate sales to grow 60% by 2019: Hershey Wednesday, 18 Feb 2015 | 10:00 PM ET

    China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.

  • Tesco hires turnaround man to steer recovery Wednesday, 18 Feb 2015 | 12:01 PM ET

    LONDON, Feb 18- John Allan's credentials as a turnaround specialist have given the 66- year-old the chance to make his mark on Britain's cut-throat grocery industry as chairman of troubled Tesco, some 35 years after he left the supermarket sector. Described by analysts as "a shrewd operator" and "a safe pair of hands," Allan joins Britain's biggest retailer armed...

  • UPDATE 2-Walmex fourth-quarter profit jumps 42 pct Tuesday, 17 Feb 2015 | 5:22 PM ET

    MEXICO CITY, Feb 17- Wal-Mart de Mexico, the country's biggest retailer, said on Tuesday fourth-quarter profit rose more than 40 percent, helped by a pickup in revenue and asset sales. Walmex has been selling non-core assets in Mexico as it seeks to focus on its supermarket business. The company, which is controlled by Wal-Mart Stores Inc, sold its restaurant...

  • Fuel, food driving down UK prices: Economist  Tuesday, 17 Feb 2015 | 4:30 AM ET

    James Knightley, U.K. economist at ING, says that falling oil and food prices were the main factors behind the fall in U.K. annual inflation.

  • Candy and roses! 1-800-FLOWERS blooms despite odds Saturday, 14 Feb 2015 | 2:00 PM ET

    The flower business is blooming for 1-800-FLOWERS, which has weathered downturns and the fact that consumers use them infrequently.

  • Day of love birthed in blood: V-Day's gory history Saturday, 14 Feb 2015 | 11:35 AM ET
    Valentine's Day chocolate treats are displayed at the Le Chocolatier as they prepare for a Valentine's day rush on February 12, 2014 in North Miami, Florida.

    For a day swaddled in romantic imagery and love, Valentine's Day has a history literally drenched in blood.

  • Valentine’s chocolates…for me or my BFF Thursday, 12 Feb 2015 | 7:10 PM ET

    Japanese women traditionally give men chocolate on Valentine’s Day, but many are now indulging in themselves.

  • It's hot for Valentine's, and it'll get you high Thursday, 12 Feb 2015 | 1:42 PM ET

    This Valentine's Day there's a boost in sales of pot chocolates along with other cannabis products.

  • The great Valentine's Day spending divide Thursday, 12 Feb 2015 | 10:01 AM ET
    A sign reminds customers about Valentine's Day as they browse greeting cards at a Hallmark Cards Gold Crown retail store in Knoxville, Tennessee, Feb. 10, 2015.

    The country celebrates Valentine's Day differently, by type of gift and amount of spending across regions and top cities, according to data.

  • *Ousted CEO Dalton Philips to leave firm on Feb. 16. LONDON, Feb 12- Britain's No.4 supermarket group Morrisons said finance director Trevor Strain would take on chief executive duties while a successor is sought to replace Dalton Philips, who was ousted as CEO in January after poor Christmas trading. The Bradford, northern England- based firm said on Thursday that...

  • UPDATE 1-Whole Foods sales accelerate, shares rise Wednesday, 11 Feb 2015 | 4:50 PM ET

    Feb 11- Whole Foods Market Inc on Wednesday said same-store sales have accelerated, helped by stronger consumer confidence and shoppers' positive response to the upscale grocer's price cutting and its first national advertising campaign. Shares in the largest U.S. organic and natural food supermarket were up 2.1 percent in extended trading after the news...

  • Nestle takes on Hershey's in non-chocolate wars Wednesday, 11 Feb 2015 | 3:09 PM ET
    Red licorice

    For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.

  • *Kantar says Tesco sales up 0.3 pct in 12 weeks to Feb. 1 Tesco outcome is first growth since Jan. 2014. LONDON, Feb 10- Britain's biggest supermarket has recorded its first sales rise since January 2014, data showed on Tuesday, suggesting attempts by Tesco's new boss to restore an image dented by a price war with discounters and an accounting scandal may be bearing...