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Food and Staples Retailing Food Retail

  • JERUSALEM, Sept 10- The owner and chief executive of Israel's Rami Levy supermarket chain was detained by police on Sunday on suspicion of fraud and breach of trust as part of a broader investigation that is not directly connected with the company. The retail chain is controlled by high-profile businessman Rami Levy, who owns 45 percent. Rami Levy, with a market...

  • JERUSALEM, Sept 10- The owner and chief executive of Israel's Rami Levy supermarket chain was detained by police on Sunday on suspicion of fraud and breach of trust as part of a broader investigation that is not directly connected with the company, the firm said. The chain is controlled by high-profile businessman Rami Levy, who owns 45 percent.

  • Over 7,000 complaints of price gouging: Florida AG Pam Bondi

    Florida Attorney General Pam Bondi on what consumers should do if they come across price gouging during Hurricane Irma.

  • A-Line Partners analyst Gabriella Santaniello said the move might initially cost Target in margins, but that lower prices and fewer temporary price cuts may also drive sales volumes that could eventually offset eroding margins. Like Target, Kroger, the biggest U.S. supermarket company, has slashed prices on staples such as milk and eggs to fend off...

  • Kroger's long-term target for 8 to 11 percent earning per share growth had been a "key selling point" for investors, Pivotal Research analyst Ajay Jain said. Kroger, which operates nearly 2,800 U.S. food stores, has cut prices to fend off competition from Wal-Mart Stores Inc, discounters Lidl and Aldi and the newly merged Amazon.com and Whole Foods Market.

  • We will close down stores while still serving our customers: Southeastern Grocers CEO

    Anthony Hucker, president & CEO at Southeastern Grocers, discusses how grocery stores are preparing for Hurricane Irma while keeping employees and customers safe.

  • Kroger is the biggest U.S. supermarket owner with brands such as Ralphs, Harris Teeter and Food 4 Less. The disappointing report came as Kroger, which operates nearly 2,800 U.S. food stores, cut prices to fend off competition from chief rival Wal-Mart Stores Inc, discounters Lidl and Aldi and the newly merged Amazon.com and Whole Foods Market.

  • Chili's is ditching 40 percent of its menu

    Casual dining chain Chili's is ditching more than 50 items from its menu.

  • The disappointing report came as Kroger, which operates some 2,800 stores across the United States, discounted heavily to fend off competition from Wal-Mart Stores Inc, discounters Lidl and Aldi and the newly merged Amazon.com and Whole Foods Market. Amazon.com' s $13.7 billion purchase of Whole Foods has sent shivers through the grocery industry, on worries...

  • Sept 8- Kroger Co on Friday reported lower quarterly earnings as price cuts hit its bottom line, and the biggest U.S. supermarket company forecast comparable-store sales below Wall Street estimates. Shares of Kroger, which have skidded 38 percent so far this year, tumbled nearly 6 percent to $21.47 in morning New York Stock Exchange trading.

  • Sept 8- Kroger Co forecast comparable-store sales below Wall Street estimates on Friday and said it would stop giving longer-term forecast, sending shares of the biggest U.S. supermarket company down 6 percent. Amazon last month lowered prices on Whole Foods items such as avocados, bananas and beef, contributing to price declines ranging from just over 1...

  • Shares of Kroger, which operates about 2,800 stores across the United States, fell 9 percent to $20.72 before the bell. The stock has fallen about 25 percent since mid-June as Kroger cut its yearly earnings forecast and following Amazon.com Inc's deal to buy upscale grocer Whole Foods Market, which added to concerns about an intensifying price war stoked by...

  • Sept 8- Kroger Co, the biggest U.S. supermarket company, reported a 7.8 percent fall in quarterly profit on Friday as it discounted aggressively to fend off competition from Wal-Mart Stores Inc and other retailers. Net earnings attributable to Kroger fell to $353 million or 39 cents per share in the second quarter ended August 12, from $383 million or 40 cents per...

  • The future of food may be crickets and worms

    Insects are known to be high in protein and environmentally sustainable. CNBC's Uptin Saiidi tests out critters in Bangkok, Thailand.

  • Pumpkin patch

    Pumpkin season is here. Despite the explosion in pumpkin products, the hype might be slowing.

  • An Alibaba employee demonstrates 'Smile to Pay', an automatic payment system that authorize payment via facial recognition

    Redefining the term "happy meal," fast food fanatics in China now just need to flash their smiles to earn their dinner.

  • LONDON, Sept 4- Britain's second biggest supermarket group Sainbury's has warned that food could be left rotting at the border if supply chains are disrupted by customs checks once Britain leaves the European Union. Any new controls on imports and exports of food would increase costs and transport times, making it harder to get fresh items to customers, Chief...

  • Cramer's Exec Cut: CEOs share why they aren’t afraid of a little competition

    Jim Cramer speaks with executives about the competitive atmosphere in the grocery store, health care and more.

  • Aug 31- Dollar General Corp reported a slide in second-quarter margins on Thursday, stoking fears that it was cutting prices more aggressively to better compete in a retail industry altered by Amazon.com Inc's purchase of Whole Foods Market. Amazon closed its $13.7 billion acquisition of upscale grocer Whole Foods on Monday and rushed to slash prices on...

  • PARIS, Aug 31- Shares in Carrefour slumped on Thursday after the world's second-largest retailer warned 2017 operating profit could fall by around 12 percent. Carrefour shares were down by around 10 percent in early trading, while Carrefour's French rival Casino also lost ground. Late on Wednesday, the French supermarket retailer posted a...