Tesco Prepares to Exit U.S. With Sale of Fresh & Easy
Tesco announces plans to exit the United States, as the British retailer seeks to rebuild after a year in which profit fell for the first time in two decades.
grocery stores
First Lady, Grocers Bring Stores to Food Deserts
As part of a plan to increase access to high-quality nutritious foods, First Lady Michelle Obama announced on Wednesday that she is teaming up with several of the country's largest food retailers. From healthier foods to new jobs, see what's in store for big chains like Walmart.
Supervalu: A Good Value in Grocery Stocks
The grocery market has been rough in the last decade as big-box stores have emerged as new competitors. But before you dismiss an opportunity in the traditional grocery space, here's why bargain-shopping investors should take a stroll down the aisles of Supervalu.
Mancession Offers Insight Into Male Shopping Trends
Men, who have endured slightly higher unemployment rates than women, have been taking on more of the household shopping, according to a recent report. The trend hasn't boded well for stores: On average, men spend less than women on each trip.
As Food Costs Rise, Store Brands Take Off
In this economy, cash-strapped consumers have become more budget conscious and less concerned about appearing cheap. As a result, better-known brands have steadily been losing ground to store-branded food products.
Kroger Earnings Miss Wall Street Expectations
Supermarket chain Kroger boosted sales and turned a profit in its fiscal third quarter, but failed to beat Wall Street earnings estimates and lowered the top of its 2010 earnings forecast range. Shares fell 9.3% on the news to close at $21.63 Thursday.
Whole Foods Grows Its Sales: Analyst Predicts Further Gains
Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery's strategy of offering lower-priced items has accelerated sales while maintaining low costs.
Walmart in Talks to Buy Russian Supermarket Chain
Walmart has renewed its efforts to purchase Russian supermarket chain Kopeika, following reports that competing Russian grocer X5's interest in acquiring it has waned, according to Reuters.
Savings Experiment: Milk Money
As someone who goes through nine gallons of milk in an average week, buying two at a time to cut down on trips to the store, getting the best deal in high on my weekly shopping list. That's why we scoured dairy departments to find the best price for a gallon of milk. Here's what you need to keep in mind the next time you're shopping.
