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General Merchandise Stores

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  • LONDON, June 4- Britain's biggest retailer Tesco recorded its worst quarterly UK sales drop in 40 years, raising questions over boss Phil Clarke's strategy to counter the challenges of a rapidly-changing grocery industry. They are turning to fast-growing discounters Aldi and Lidl for basics and Waitrose and Marks& Spencer for top end treats.

  • June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.

  • June 3- Discount chain Dollar General Corp stuck to its full-year profit forecast despite reporting a first-quarter profit below analysts' estimates. The retailer said it expects to earn $3.45- $3.55 per share for the year ending January 2015.

  • Dollar General quarterly profit misses estimates Tuesday, 3 Jun 2014 | 7:16 AM ET

    June 3- Discount chain Dollar General Corp reported a lower-than-expected quarterly profit, blaming tough competition, a harsh winter and weak consumer spending. Net income rose to $222 million, or 72 cents per share, in the first quarter ended May 2, from $220 million, or 67 cents per share, a year earlier.

  • Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.

  • Sears posts bigger loss as sales slide Thursday, 22 May 2014 | 6:10 AM ET

    May 22- Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers. The company, which operates Sears department stores and the Kmart discount chain, said revenue fell 6.8 percent to $7.88 billion.

  • TORONTO, May 8- Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic."

  • TORONTO, May 8- Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic."

  • Flu drug stockpiles a waste of money: Report Thursday, 10 Apr 2014 | 6:27 AM ET

    The U.K. and U.S. governments spent millions stockpiling a flu drug that is no better than paracetamol, according to a new report.

  • March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.

  • Where’s the beef? Industry at crossroads Thursday, 16 Jan 2014 | 12:20 AM ET

    Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.

  • Sriracha fight set to simmer a little longer Friday, 22 Nov 2013 | 6:54 PM ET

    A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.

  • Watch: CNBC anchorman stays classy Thursday, 24 Oct 2013 | 5:52 AM ET

    CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.

  • Is a Halal food market boom on its way? Friday, 27 Sep 2013 | 11:51 AM ET
    A halal butcher

    The halal food market has huge potential for growth after being largely neglected in the U.K.

  • Traditional grocers poised to join e-commerce boom Thursday, 19 Sep 2013 | 6:00 AM ET
    A Peapod worker at one of its online distribution facilities in Lake Zurich, Ill.

    A distribution model popular in Europe could finally give U.S. grocery stores a solid online footing.

  • Bag ban: New York's future may not be in plastics Wednesday, 21 Aug 2013 | 5:52 PM ET

    At least nine City Council members back legislation to require most retailers to charge customers 10 cents for each bag.

  • Russia gives Carlsberg a hangover Wednesday, 21 Aug 2013 | 5:59 AM ET
    A Carlsberg advertisement

    After Danish brewer Carlsberg announced disappointing second quarter profits, the company's CEO placed the blame firmly on Russia, where a raft of legislation has heavily regulated the sale of alcohol.

  • Watch: Is this the hypermarket of the future? Friday, 9 Aug 2013 | 5:39 AM ET

    Tesco has unveiled a brand new concept store in the UK in Watford. Tesco Extra is the latest experiment in transforming the supermarket into a retail destination.

  • Lessons to watch for in Wal-Mart, Macy's earnings Thursday, 8 Aug 2013 | 2:11 PM ET

    Investors will be scanning retail earnings reports, due out over the next few weeks, for the lessons they hold about the back-to-school shopping season, the second-busiest retail period.

  • Most popular supermarket? Hint: Not the biggest Wednesday, 24 Jul 2013 | 4:03 PM ET

    In a survey of U.S. and Canadian grocery shoppers, Trader Joe's, Publix Supermarkets and Whole Foods earned some of the highest marks.