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Food and Beverage Food and Staples Retailing

  • PARIS, July 17- French supermarket retailer Casino said on Tuesday that sales growth accelerated in the second quarter, reflecting further improvement in its core French market and better trends in Brazil. The company, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive profits in France while conditions...

  • PARIS, July 17- French supermarket retailer Casino said on Tuesday that sales growth accelerated in the second quarter, reflecting further improvement in its core French market and better trends in Brazil. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive profits in France while conditions in...

  • PARIS, July 16- France's antitrust authority said on Monday it will investigate whether several purchasing alliances recently sealed by French and European supermarket retailers threatened competition rules. The probes cover purchasing alliances between France's Auchan, Casino, Germany's Metro and France's Schiever on the one hand, and one between...

  • *Walmart says building Japan business towards future. July 12- U.S. retailer Walmart Inc on Thursday said it has not decided to sell its Japanese supermarket chain Seiyu and would continue to develop its business in Japan. We are not in any discussions with prospective buyers, and we continue to build our Japan business towards the future to meet the changing...

  • July 12- U.S. retailer Walmart Inc on Thursday said it has not decided to sell Japanese supermarket chain Seiyu and would continue to develop its business in Japan. On Wednesday, media reports hinted that the world's biggest retailer had decided to sell Seiyu and has already approached major retailers and private equity funds, according to Nikkei business...

  • TOKYO, July 12- U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday. A sale would be the latest exit by Walmart from a lower-growth market as it looks to shake up its overseas business and invest in places like China and...

  • MEXICO CITY, July 11- Wal Mart de Mexico's new e-commerce head plans to play to its strengths in grocery deliveries to help the country's largest retailer stand apart from rivals, like Amazon.com Inc and his former employer MercadoLibre Inc, he said in an interview Wednesday. Just 3 percent of all retail sales in Mexico are online, according to market research...

  • Retailers in Japan struggling with weak consumer spending. TOKYO, July 12- U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday. In addition to competition from online retailers such as Amazon.com, retailers in Japan...

  • TOKYO, July 12- U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday.

  • *Makes first half loss of 9 mln stg. *Sees 2018 pretax loss bigger than market expectations. LONDON, July 10- British online supermarket Ocado warned its pretax loss this year would likely be larger than market expectations due to a step up in investment and management bonuses.

  • LONDON, July 10- Ocado, the online supermarket and technology company, reported a 13.9 percent fall in first-half core earnings on Tuesday, reflecting a step-up in investment in the business. That followed deals with Sweden's ICA Group, Canada's Sobeys and France's Casino. It said it expects the trends in retail EBITDA to improve significantly over the course of...

  • *Grab sees revenue of $1 billion by end-2018. SINGAPORE, July 10- Grab unveiled a grocery delivery service on Tuesday, betting the firm's extensive network of 7.1 million drivers, agents and merchants will help steer the company as it expands beyond its core ride-hailing business across Southeast Asia. The strategy to provide "everyday" offerings via a new open...

  • SINGAPORE, July 10- Grab plans to launch a grocery delivery service, and is betting on its network of 7.1 million drivers, agents and merchants to steer its expansion beyond its core ride-hailing business across Southeast Asia, its chief executive told Reuters. The strategy to provide "everyday" offerings underscores Grab's ambition to secure its dominant...

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  • SYDNEY/ MELBOURNE, July 6- Australian supermarket chain Coles will stop selling a brand of honey that is partly sourced from China and Argentina, as it looks to support its " Australia first" policy while also cutting competition for its cheaper company-owned brand. The move is also part of a battle for market share, faced by Coles and its larger rival Woolworths...

  • *Underlying retail sales growth slows to 0.2 pct. LONDON, July 4- Sainsbury's, Britain's second biggest supermarket group, said sales growth slowed over the past three months because it pushed through price cuts, denying it had been distracted by its deal to take over rival Asda. The combination, which would overtake Tesco as Britain's biggest supermarket chain,...

  • LONDON, July 4- Sainsbury's, Britain's second biggest supermarket group, said sales growth slowed over the past three months because of price cuts and denied it had been distracted by its deal to take over rival Asda. The combination, which would overtake Tesco as Britain's biggest supermarket chain, is being looked at by Britain's regulator, the Competition and...

  • LONDON, July 4- Sainsbury's, Britain's second biggest supermarket group which agreed a 7.3 billion pound takeover of rival Asda in April, saw sales growth slow in its latest quarter, reflecting price cuts in a competitive market. According to the most recent industry data and company updates Sainsbury's has seen the weakest trading among Britain's big four...

  • LONDON, July 4- Sainsbury's, Britain's second biggest supermarket group, saw sales growth slow in its latest quarter, reflecting price cuts in a competitive market. The firm, which in April agreed a 7.3 billion pounds takeover of No. 3 player Walmart's Asda, said on Wednesday retail like-for-like sales, excluding fuel, rose 0.2 percent in the 16 weeks to June 30, its...