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Food and Beverage Food and Staples Retailing

  • Oct 6- Shares of drug retailers Walgreens Boots Alliance Inc, CVS Health Corp and Rite Aid Corp tumbled on Friday after reports that Amazon.com Inc was looking to make a move into selling drugs online. Amazon is reported to be in discussions with mid-market pharmacy benefit managers and has been hiring talent to assess the drug retailing market for its entry,...

  • NEW YORK, Oct 6- U.S. stocks eased on Friday after their recent record streak of gains as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares declined. The Labor Department's closely-watched employment report showed nonfarm payrolls fell by 33,000 in September as Hurricanes Harvey and Irma left displaced...

  • Oct 6- Amazon.com Inc is in the final stages of deciding a strategy to get into the prescription drug market, CNBC reported on Friday, citing an email from the company and a source familiar with the matter. Amazon will decide before Thanksgiving whether to move into selling prescription drugs online, CNBC reported. Shares of drug retailers including Walgreens...

  • Chief Financial Officer Richard Galanti said in the company's post-results call that the retailer had started offering two-day delivery of dry groceries as well as a same-day delivery service for groceries including fresh foods. The two-day delivery would be free for online orders over $75 across the United States, while the same-day service- offered...

  • The two-day service would be free for online orders over $75 across the United States, while the same-day service- offered through its partner Instacart- is available at 376 U.S. stores. BMO Capital Markets analyst Kelly Bania said the new offerings were a huge positive for Costco given the perception that it has been slow with its pace of digital transformation.

  • The two-day delivery service would be free for online orders over $75 across the United States, while the same-day service- offered through its partner Instacart- is available at 376 U.S. stores. Competition among U.S. grocery retailers has been tightening, particularly since Amazon bought Whole Foods and reduced prices at the upmarket grocer in August.

  • Investors are wary that Costco's business model, which mainly generates revenue through a niche membership club, faces increased competition from online giant Amazon.com Inc, which has begun to shake up the grocery space with its acquisition of Whole Foods. Costco implemented its annual membership fee increase by $5- $60 for Goldstar and business members,...

  • PITTSBURGH— A pharmacy chain has agreed to pay nearly $2.7 million to settle federal claims that it illegally recycled unused nursing home medications and overcharged government insurance programs for diabetic test strips, federal prosecutors in Pittsburgh said Wednesday. The settlement concerns Aliquippa- based Med-Fast Pharmacy and its in-house...

  • *7th straight quarter of underlying sales growth in UK. *Company remains largest of Britain's supermarkets. LONDON, Oct 4- Britain's biggest retailer Tesco said it would pay a dividend for the first time in three years, signalling further progress in its recovery from crisis under Chief Executive Dave Lewis.

  • *Company remains largest of Britain's supermarkets. LONDON, Oct 4- Tesco said it would resume paying a dividend for the first time in three years, with strong demand for fresh food and cost savings helping Britain's biggest retailer to lift first-half profit by 27 percent. "Sales are up, profits are up, cash generation continues to strengthen and net debt levels are...

  • LOS ANGELES, Oct 3- Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc cut prices at Whole Foods, a data analytics firm said on Tuesday. Amazon slashed prices on select items at Whole Foods on Aug. 28, the day the world's largest online retailer closed its $13.7 billion purchase of the premium grocer, a move...

  • LOS ANGELES, Oct 3- Whole Foods rivals Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc's price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday. Amazon cut prices on select items at Whole Foods on Aug. 28. Ten percent of Trader Joe's regular customers visited Whole...

  • NEW YORK— Walmart doesn't have stores in New York City, but it's looking to deliver same-day service to residents. The announcement came just a few days after Jet.com, the online retailer Walmart bought last year for more than $3 billion, introduced higher-end, online groceries under a private brand that are aimed at younger urbanites. Parcel will deliver fresh...

  • LOS ANGELES, Oct 3- Whole Foods rivals Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc's price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday. Amazon cut prices on select items at Whole Foods on Aug. 28. Ten percent of Trader Joe's regular customers visited Whole...

  • Hain Celestial CEO on Engaged Capital deal

    Jim Cramer checked in with Hain Celestial's Irwin Simon to hear more about the company's deal with activist outlet Engaged Capital.

  • Hain Celestial CEO expands on deal with activist firm Engaged Capital, millennial strategy

    Jim Cramer checked in with Hain Celestial's Irwin Simon to hear more about the company's deal with activist outlet Engaged Capital.

  • Irwin Simon, CEO, Hain Celestial

    Jim Cramer checked in with Hain Celestial's Irwin Simon to hear more about the company's deal with activist outlet Engaged Capital.

  • TORONTO, Oct 2- Metro Inc, Canada's third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for C $4.5 billion for cash and stock, paying what analysts said was a "steep" premium to protect against risks facing the retail sector. The deal will allow Metro and Jean Coutu to increase product offerings and outlets and navigate some of those...

  • GENEVA, Oct 2- The United States has launched a complaint at the World Trade Organization to challenge Canada over its rules for wine retailing in grocery stores in the province of British Columbia, a document published by the WTO showed on Monday.

  • TORONTO, Oct 2- Canada's main stock index rose on Monday as broad gains led by its heavyweight financial components offset the weight of energy stocks' retreat with lower oil prices. Jean Coutu Group gained 1.8 percent to C $24.74 after grocery company Metro Inc said it would buy the pharmacy chain for C $24.50 a share. At 10:07 a.m. ET, the Toronto Stock Exchange's...