Senator raises concerns over Kroger’s plan to buy Giant Eagle
The proposed acquisition and two other major food deals “reveal a growing consolidation trend” that could boost prices for consumers, Sen. Elizabeth Warren told the FTC and the…
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Tesco doubles down on digital as profits and guidance climb
Tesco has increased its profit guidance to between £3.15bn and £3.3bn (from £3bn and £3.3bn) following a strong interim set of results for the first half of financial year…
High costs are causing concern at PepsiCo
Despite a better-than-expected third quarter, PepsiCo is lowering its full-year guidance due to persistently weak demand for snacks and beverages in North America and sharply…
Cushman & Wakefield Retail Radar: European retail expansion splits between compact stores and supersized flagships
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more…
Booker invests in “better buying” to offset retail sales decline
The wholesaler's retail arm was the best performing division in recent results
Turnover grows 4.5% at Sweaty Betty but losses hit £5.25m
Sweaty Betty’s pre-tax losses have hit £5.25m, as the activewear brand faced higher administrative and operational costs associated with restructuring. The sportswear specialist…
Parfetts brings The Local fascia to four Carlisle stores
The deal has seen investment across the four stores, including new branding and refreshed layouts
AF Blakemore expands Snappy Shopper to 167 Spar stores
The expansion is being delivered in phases, with the first stores already live and further locations set to launch each week
Parfetts grows southern symbol estate to 41 stores
The expansion has included the opening of the first Go Local Extra store in London
BrewDog plans seven-figure field sales investment
The expanded operation is aimed to be in place in the short to medium term
CMA considers sale of 15 Co-op convenience stores
Co-op Group completed its takeover of Southern Co-op in July, but the deal remains subject to CMA approval
Conagra Brands Beats First-Quarter Estimates On Pricing Strength
Conagra Brands beat Wall Street estimates for first-quarter profit and sales, helped by a better pricing and product mix.