Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” Read more
Tag: supermarkets
Tesco profit falls as costs increase
Tesco PLC TSCO, -0.71% said Wednesday that its pretax profit fell in the first half of fiscal 2023 on increased costs, and it backed its guidance for the full year Read more
Lidl must destroy its copycat Lindt chocolate bunnies, Swiss court rules
There can be only one chocolate bunny wrapped in gold foil, wearing a bow and a bell in Switzerland — and that’s the Lindt version. So says a Swiss federal Read more
Hurricane Ian: These stocks could feel the storm’s impact
As Florida braces for Hurricane Ian’s landfall, a range of companies — from providers of rebuilding supplies to food retailers and parts of the insurance sector — will likely feel Read more
Sainsbury’s talks with LXI REIT over sale of 18 stores collapse due to market volatility concerns
J Sainsbury PLC said Monday that it is no longer in discussions with LXI REIT PLC over the sale and leaseback of a portfolio of 18 supermarket stores, due to Read more
Carrefour Freezes Prices on 100 Items in France as Inflation Hits Consumers
By Joshua Kirby Carrefour SA said Monday that it will block price increases on 100 items of daily use in France as it looks protect customers’ purchasing power against rising Read more
These stocks may outpace the S&P 500 if inflation continues to slow
This week’s report of lower-than-expected inflation was a reminder that your portfolio shouldn’t only include stocks that thrive in environments of rising consumer prices. It was in March, five months Read more
Whole Foods CEO says ‘socialists are taking over’ American institutions
“‘I feel like socialists are taking over. They’re marching through the institutions. They’re … taking over education. It looks like they’ve taken over a lot of the corporations. It looks Read more
No shrinkflation at Kellogg: ‘If we make it smaller, we also make it cheaper’
““If we make it smaller, we also make it cheaper.”” That was Kellogg CEO Steve Cahillane distancing his multinational food company from “shrinkflation,” aka when brands quietly shrink package sizes Read more
Opinion: Food inflation remains stubbornly high in U.S. and Europe
The pace at which food prices rise matters not just because it directly impacts household budgets, especially for those at the lower end of the income distribution, but also because Read more