×

Food and Beverage Food and Staples Retailing

  • *Competition intensifying for share of China's grocery market. HONG KONG, Aug 10- Sun Art Retail Group Ltd, China's No.2 hypermarket operator, on Thursday said it was betting on a new online delivery strategy to take on e-commerce players as competition hots up in the country's $700- billion grocery market. The retailer, which posted a higher net profit for the...

  • AMSTERDAM, Aug 9- Dutch-Belgian supermarket company Ahold Delhaize on Wednesday said its second-quarter net profit rose 68 percent, on the back of strong sales growth in the Netherlands and improving results at its U.S. stores. "We look toward the second half of the year with confidence and expect our underlying operating margin for the full year 2017 to be...

  • Amazon is making big changes: Ahold Delhaize

    Ahold Delhaize CEO Dick Boer discusses earnings and competition from online retail giant Amazon.

  • Online food retail a 'limited attack': Fund manager

    Michael Browne, fund manager at Martin Currie, speaks about the viability of the food delivery businesses.

  • Retailers starting to buck Amazon's takeover

    Jim Cramer sees retail earnings looking up, possibly due to companies taking charge and steering themselves away from Amazon's domination.

  • Cramer: Retailers are finally starting to buck Amazon's takeover

    Jim Cramer sees retail earnings looking up, possibly due to companies taking charge and steering themselves away from Amazon's domination.

  • Shoppers at a Walmart in Los Angeles

    Jim Cramer sees retail earnings looking up, possibly due to companies taking charge and steering themselves away from Amazon's domination.

  • Grocery stores are fighting back against meal kit companies

    Meal kits represent $1.5 billion out of the $800 billion grocery industry, according to consultants.

  • Kroger began experimenting with meal kits at four stores in the Cincinnati area in May.

    Whole Foods and Kroger are adopting the meal kit concept as they fend off competition from companies like Blue Apron.

  • Aug 8- CVS Health Corp, the No.2 U.S. drugstore chain by store count, reported an 18.8 percent rise in quarterly profit on Tuesday, as its pharmacy benefits management business serviced more claims and demand for its specialty pharmacy services rose. Net income attributable to the company rose to $1.1 billion, or $1.07 per share, in the second quarter ended June 30,...

  • Various types of Kellogg's cereals at a Ralphs grocery store in Pasadena, California.

    JPMorgan upgraded Kellogg for the first time in over five years, citing both the company's delivery overhaul and calmer currency headwinds.

  • Drugmakers Perrigo Co Plc and Endo International Plc fell 5 percent and 6 percent, respectively. Walgreens formed a drug-buying partnership with AmerisourceBergen in 2013, and earlier this year partnered with pharmacy benefit manager Express Scripts Holdings Co. Retailer CVS Health Corp has tied up with Cardinal Health and, more recently, Wal-Mart has...

  • Sam Reed, chief executive officer of TreeHouse Foods Inc.

    TreeHouse Foods stock fell nearly 12 percent after the company lowered its full-year guidance.

  • CHICAGO, July 31- Wal-Mart Stores Inc has announced changes to its food leadership team in an internal memo, as it prepares for increased competition with grocery rivals and remains caught in a price war. A Wal-Mart spokesman did not immediately respond to a request for comment. Martin Mundo, who has worked in Argentina and other countries for Wal-Mart, will...

  • SANTIAGO, July 28- The union representing workers at Lider, Wal-Mart Stores Inc's main supermarket chain in Chile, said on Friday they had voted to go on strike for higher pay. "We are awaiting the final result from the work directorate, but we can say that our union approves the strike with 9,850 votes, or 63.4 percent of the total," the union announced on its Facebook...

  • NEW YORK, July 28- What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? The preponderance of Amazon mentions by executives and Wall Street analysts is the latest indication of its rapidly expanding reach. Its move last month to buy upscale grocer Whole Foods Market Inc for nearly $14 billion has added fresh fuel to the...

  • SANTIAGO, July 28- The union representing workers at Lider, Wal-Mart Stores Inc's main supermarket chain in Chile, said on Friday they had voted to go on strike for higher pay. "We are awaiting the final result from the work directorate, but we can say that our union approves the strike with 9,850 votes, or 63.4 percent of the total," the union announced on its Facebook...

  • PARIS, July 27- A revised outlook from Casino got a cool reception on Thursday with a fall in its shares, even though the French supermarket retailer nudged up its financial guidance. Trading profits in France, Casino's biggest market, rose 43 percent from a year ago, while earnings also improved in Brazil, which is Casino's second-biggest market.

  • *Stronger results in France and Brazil. PARIS, July 27- Supermarket retailer Casino nudged up its full year financial guidance on Thursday as stronger results in its main French market and in Brazil boosted its first-half earnings. Casino said it was now expecting growth above its targeted 15 percent in food retail trading profits in France, and also expected a...

  • PARIS, July 27- Supermarket retailer Casino nudged up its full year financial guidance on Thursday as stronger results in its main French market and in Brazil boosted its first-half earnings. Casino said it was now expecting growth of more than 15 percent regarding food retail trading profits in France, and also expected a contribution from its property...