Food Retail


  • Starbucks to rollout wireless charging spots Wednesday, 19 Nov 2014 | 11:28 AM ET

    Starbucks will begin a nationwide rollout of wireless charging spots in its coffee shops, Re/code reports.

  • Nov 19- Canadian grocer Metro Inc reported a higher-than-expected quarterly profit, helped by the reorganization of its Ontario store network and the acquisition of a majority stake in bakery chain Premiere Moisson. The company, which is facing intense competition from U.S. retailers such as Wal-Mart Stores Inc and Target Corp, also said in June it would buy a...

  • China's investing in manufacturing in...America? Tuesday, 18 Nov 2014 | 1:27 PM ET
    Miao Wang, filmmaker

    In an ironic twist, Chinese companies are now investing in US manufacturing, says Miao Wang, director of the documentary "Made by China in America."

  • UK supermarket sales fall for first time on record Tuesday, 18 Nov 2014 | 9:42 AM ET

    The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.

  • BRUSSELS, Nov 17- Dutch supermarket group Ahold NV forecast 20-25 percent annual growth of its online business in the coming three years, although warned that investment to reach its target would hit its operating margin next year. Ahold, with a base in the Netherlands and some 60 percent of revenue in the United States, said on Monday online sales should total...

  • LONDON, Nov 13- Asda, the British arm of U.S. supermarket group Wal-Mart, said it would not be distracted by "gimmicks" and "panic tactics" after voucher offers from rivals contributed to a fall in its quarterly sales. Britain's big four grocers have lost customers to German discounters Aldi and Lidl and are locked in a bitter battle for market share.

  • LONDON, Nov 13- Asda, the British arm of the world's biggest grocer Wal-Mart, said underlying sales fell in its third quarter, hit by subdued consumer spending and sliding prices. Asda, which trails market leader Tesco by annual sales and is vying with Sainsbury's to be Britain's No. 2 grocer, said on Thursday sales at stores open over a year, excluding petrol, fell 1.6...

  • Nov 12- Loblaw Cos Ltd, Canada's largest grocer, reported a better-than-expected quarterly profit as it benefits from the Shoppers Drug Mart acquisition, and said it was on track to achieve the targeted savings from the deal. Loblaw bought Shoppers Drug Mart last year to ward off rising competition as U.S.-based rivals such as Wal-Mart Stores Inc and Target...

  • Wal-Mart cracks whip on grocery store quality Wednesday, 12 Nov 2014 | 10:42 AM ET
    Nearly-empty trays with produce for sale at a Walmart in Valley Stream, N.Y., Nov. 11, 2014.

    The superstore has urged U.S. managers to improve performance on "Chilled and Fresh" items in its dairy, meat and produce departments.

  • Russians start to feel the pinch as economy struggles Wednesday, 12 Nov 2014 | 8:33 AM ET

    MOSCOW, Nov 12- Alexander Shalin rides a bike to work, shops in local grocery stores and doesn't worry too much about fashion. The 37- year-old manager should be recession-proof, but even he is feeling the pinch from Russia's slowing economy. To escape the "terrible" weather in Russia's second city of St Petersburg, Shalin takes as many foreign trips as he can, but now...

  • 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,...

  • Things you can sue over: The word 'mayonnaise' Tuesday, 11 Nov 2014 | 11:47 AM ET
    Just Mayo by Hampton Creek

    Food giant Unilever is suing Hampton Creek, maker of eggless spread Just Mayo, accusing it of false advertising and fraud, the New York Times reports.

  • 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...

  • 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

    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

    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.