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Food and Beverage Food and Staples Retailing

  • BEIJING, Nov 20- Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK $22.4 billion for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. The alliance would target opportunities in China's $500 billion food retail sector, as Alibaba races to build big-data capabilities in the...

  • TORONTO, Nov 17- Canadian grocery chain Loblaw Cos has placed an order for 25 of Tesla Inc's new electric heavy duty trucks, a Loblaw spokeswoman said in a statement sent by email. Tesla unveiled the trucks, expected to begin production in 2019, on Thursday. The order furthers Loblaw's goal of having a fully electric corporate fleet by 2030, the spokeswoman,...

  • CANADIAN GROCERY CHAIN LOBLAW COS SAYS HAS PLACED ORDER FOR 25 ELECTRIC TRUCKS FROM TESLA INC.

  • LAKEWOOD, Colo. _ Natural Grocers by Vitamin Cottage Inc. on Thursday reported fiscal fourth-quarter earnings of $1.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Three analysts surveyed by Zacks expected $193.6 million.

  • LONDON, Nov 16- Sales growth at Asda, the British supermarket arm of Walmart, the world's largest retailer, slowed in its latest quarter, showing the tough task facing its new boss to rev-up its recovery in a cut-throat market. Last month, Asda said Chief Executive Sean Clarke, a Walmart veteran of 21 years, would step down in January after just 18 months in the job and be...

  • LONDON, Nov 16- Asda, the British supermarket arm of Walmart, the world's largest retailer, on Thursday reported a slowdown in its rate of sales growth despite industry inflation and very weak comparative numbers. They are also having to cope with more expensive food imports due to a weaker pound since Britain voted to leave the European Union, while consumer...

  • LONDON, Nov 16- Asda, the British supermarket arm of Walmart, the world's largest retailer, on Thursday reported a slowdown in its rate of sales growth despite industry inflation and very weak comparative numbers. Asda, the UK's third largest grocer after market leader Tesco and No. 2 Sainsbury's, said like-for-like sales rose 1.1 percent in the three months to...

  • Pilgrim's Pride Corp. settled the suit with Environment Florida and the Sierra Club, agreeing to pay $1.4 million and to upgrade equipment to help reduce the plant's waste. Pilgrim's Pride is the second largest chicken producer in the world, and supplies chicken to fast-food restaurants and supermarkets. "Pilgrim's Pride wasn't complying with their permits,...

  • Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September. Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Unlike October's broad market rally, fewer stocks and sectors have been notching gains this month, and the latest market decline reflects that, noted...

  • The lower prices include deeper discounts on some items for Amazon Prime members and come on top of price cuts already announced by Whole Foods in August, when Amazon completed its $13.7 billion acquisition of the upscale grocer. Investors have closely followed any signals of price cuts at Whole Foods for its effects on the U.S. grocery industry, which is...

  • NEW YORK, Nov 14- The prominent short-seller Jim Chanos on Tuesday said he has bet on a decline in the share prices of supermarket chains, calling the sector "probably the next major industry group of pain." "Pretty much I wouldn't want to be long any of them," said Chanos, the founder and president of Kynikos Associates LP in New York. Known for correctly betting against...

  • An employee stocks cherries at Sprouts Farmers Market in Wheat Ridge, Colorado.

    Online e-commerce will exacerbate the already-competitive supermarket backdrop and spells uncertainty for grocers.

  • LONDON, Nov 14- Tesco won provisional approval for its 3.7 billion pound takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain's biggest retailer closer to securing a new avenue of growth. Tesco's move on Booker in January sparked further consolidation in Britain's 185 billion pound grocery market as supermarkets seek...

  • Tesco, the U.K.'s biggest retailer, won provisional approval for its proposed £3.7 billion takeover of wholesaler Booker.

  • *East Africa's biggest supermarket chain. NAIROBI, Nov 9- The implosion of a family-owned Kenyan mattress shop that grew to become East Africa's biggest supermarket chain is a cautionary tale about trying to grow too far, too fast to cash in on the rapid growth of the country's middle class. Kenya's High Court will rule on Nov. 16 on Nakumatt Supermarkets' petition...

  • A woman shops for fresh fruit at a Price Chopper supermarket in South Burlington, Vermont.

    The overall produce category grew $13.2 billion between 2012 and 2016, and branded products are leading the growth: Nielsen.

  • NEW YORK— You may see more of Amazon inside Whole Foods soon: The online retailer, which has been already been selling its voice-activated Echos at Whole Foods, will start to sell Kindles, Fire tablets and other Amazon devices at its grocery stores. The move gives Amazon, which bought Whole Foods this summer, another place where shoppers can touch or try out its...

  • *East Africa's biggest supermarket chain. NAIROBI, Nov 9- The implosion of a family-owned Kenyan mattress shop that grew to become East Africa's biggest supermarket chain is a cautionary tale about trying to grow too far, too fast to cash in on the rapid growth of the country's middle class. Kenya's High Court will rule on Nov. 16 on Nakumatt Supermarkets' petition...

  • Francis made the decision because "the Holy See cannot contribute to an activity that clearly damages the health of people," the Vatican said. With it, lucky cardholders can buy their weekly groceries at the Vatican supermarket, fill their tank at the Vatican gas station, get a prescription filled at the Vatican pharmacy, and do their Christmas shopping at the...

  • PARIS, Nov 8- Luxury goods firm LVMH is opening a second high-end food hall in Paris, betting on growing appetite from locals for gourmet groceries as the group spruces up its stores across the French capital. The group said it was pitching this launch at Paris residents who might think twice before crossing town to the southerly Left Bank to shop at LVMH's...