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Food and Beverage Food and Staples Retailing

  • Chipotle Mexican Grill Queso.

    As popular as queso may be, analysts say Chipotle's new menu addition did not provide the boost executives wanted.

  • Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. Anthem shares rose 3.1 percent, or $5.93, to $193 in Wednesday afternoon trading, while CVS shares were up 2.3 percent at...

  • Apples are displayed at a Whole Foods store in New York City, August 28, 2017.

    Shoppers prefer to buy in stores even when online ordering is an option, a Reuters poll found.

  • Anthem, which sued the pharmacy benefit manager last year over claims of being overcharged by $3 billion annually, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription...

  • Anthem, which has said Express Scripts overcharged it by $3 billion annually through unfavorable prices, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription business...

  • Oct 18- Health insurer Anthem Inc said on Wednesday it signed a five-year agreement with drug retailer CVS Health Corp to support its newly launched pharmacy benefit management business. The news comes at a time when Anthem is close to expiration of its current contract with pharmacy benefit manager Express Scripts Holding Co.. Shares of CVS Health were up 1.6...

  • LOS ANGELES/ NEW YORK, Oct 18- Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com' s $13.7 billion purchase of Whole Foods will shake up the supermarket business. She shops at BJ's Wholesale Club, ShopRite and Food Lion, even though...

  • Oct 18- Drug retailer CVS Health Corp said on Wednesday it entered into an agreement with Anthem Inc to provide services to the health insurer's newly launched pharmacy benefit management business, IngenioRx.

  • Filling the gaps in the organic food landscape will be key for Rodrigo Troni as he as he takes over as CEO of Sky Valley Foods.

  • JOHANNESBURG, Oct 17- South African supermarket operator Pick n Pay reported a drop in half-year earnings after cutting jobs as part of an intensifying price battle with rivals in a stalling economy. Grocers in Africa's most advanced economy, which include Shoprite and Woolworths, have been under pressure to keep prices low as cash-strapped consumers reel...

  • LONDON, Oct 16- Discount supermarket Lidl UK said on Monday it would create 500 jobs with a new warehouse in Peterborough, central England, as it continues its rapid expansion in Britain. The firm said the new warehouse, which requires planning consent, forms part of its plan to invest 1.45 billion pounds in Britain in 2017-18.. Lidl, owned by Germany's Schwarz...

  • PARIS, Oct 16- Carrefour named Matthieu Malige as finance director on Monday, two months after the world's second-biggest supermarket retailer behind Wal-Mart warned on its 2017 operating profit. "Matthieu Malige is appointed, effective today, Chief Financial Officer of Groupe Carrefour. In September, Bompard named Pascal Clouzard, 54, CEO of Carrefour Spain...

  • PARIS, Oct 16- Carrefour named Matthieu Malige as finance director on Monday, two months after the world's second-biggest supermarket retailer behind Wal-Mart warned on its 2017 operating profit. "Matthieu Malige is appointed, effective today, Chief Financial Officer of Groupe Carrefour. He succeeds Pierre Jean Sivignon, who, faced with personal...

  • PORTSMOUTH, N.H.— A New Hampshire woman is heading to Las Vegas to compete for the title of America's fastest grocery bagger. WBTS-LD reports Alysha Orrok recently won the New Hampshire bagging competition. The Portsmouth teacher pulls night and weekend shifts at a Hannaford Supermarket.

  • Cramer: Why Amazon's No. 1 rival, Wal-Mart, isn't done going higher

    Jim Cramer explains how Wal-Mart's strategy will put the company neck-in-neck with e-commerce behemoth Amazon.

  • Why Wal-Mart isn't done going higher

    Jim Cramer explains how Wal-Mart's strategy will put the company neck-in-neck with e-commerce behemoth Amazon.

  • Shoppers at a Walmart in Los Angeles

    Jim Cramer explains how Wal-Mart's strategy will put the company neck-in-neck with e-commerce behemoth Amazon.

  • Oct 11- Canada's Metro Inc said on Wednesday it would sell a major portion of its stake in Alimentation Couche Tard Inc to fund its C $4.5 billion acquisition of pharmacy chain Jean Coutu Group. Metro operates more than 600 food stores across Canada and the Jean Coutu deal will help the company add drugstores in Quebec, New Brunswick and Ontario.

  • Oct 11- Kroger Co said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods. Kroger is revamping its nearly 2,800 brick-and-mortar supermarkets, lowering prices, bolstering...

  • Oct 11- Kroger Co said on Wednesday it is exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online business in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods. Its nearly 2,800 U.S. supermarkets have been lowering prices and exploring new ways to sell food as it...