Big Food Says Sales Fell on Competitors&#39; Price Cuts
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Big Food Group Plc, the UK owner of the Iceland grocery chain, said second-quarter sales at stores open at least a year dropped 3.3 percent, the second consecutive decline, after competitors cut prices.
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Applebee&#39;s International Inc. shares fell more than 4 percent Wednesday after the restaurant company reported weak August sales and said it expects the Olympics will hurt sales for the first week of September.
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Ahold NV, the global food retailer that owns the Stop &amp; Shop and Giant supermarket chains in the United States, said Thursday that its fourth-quarter sales declined 3 percent, blaming the weak dollar and the sale of some operations.
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Business & money: Retailer blames stayaway shoppers and fierce discounting by rivals for decline in sales
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Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast after sales of ice cream and cold drinks slumped in Europe and demand for beauty and laundry products slowed.
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TSMC, the world&#39;s largest contract chip maker, said Thursday its sales fell in September for the first time in 7 months and warned they could continue to drop as demand falters amid a broad industry slowdown.
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Wal-Mart Stores Inc. , the largest seller of food in the United States, slashed prices on hundreds of grocery items on Tuesday, putting more pressure on mainstream grocers just two days before Thanksgiving.
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Wal-Mart Stores Inc.  said on  Monday it will drop prices this week on more than 16,000  products across its stores as the world&#39;s largest retailer  tries to reinvigorate sales for the back-to-school shopping  season.
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Shares of Dean Foods Inc., the largest US dairy company, tumbled sharply Wednesday after the company lowered its 2004 earnings forecast, blaming a range of factors from volatile milk prices to diminished consumer appetite for
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Tyson Foods Inc. TSN.N, the largest  U.S. meat producer, on Monday said quarterly earnings dropped  by more than 50 percent in part to poor results in its beef  segment.
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Shares of Cott Corp. BCB.TO COT.N  sank as much as 16 percent on Wednesday after the world's  largest maker of store-brand soft drinks reported lower  third-quarter earnings and cut its profit outlook.
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Kroger Co. , the largest U.S. grocer, on Tuesday reported a lower quarterly profit, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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GREAT Britain&#39;s drive to reduce obesity now includes cutting larger chocolate bars down to size, the food and drink industry said today.
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Yum Brands Inc.  shares fell 3.5 percent on Friday after an analyst downgraded the stock due to concerns about slowing sales momentum in the United States and difficult upcoming sales comparisons at KFC and Taco Bell.
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Tyson Foods Inc. TSN.N, the nation's  largest meat producer, on Monday reported a sharp drop in  quarterly earnings due in part to poor results in its beef  segment.
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Dutch food retailer Royal Ahold NV said income from its U.S. retail operations plunged 30 percent in the second quarter, blaming sluggish performance at Giant Food and Stop & Shop Stores, its two biggest American chains.
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LONDON (CBS.MW) -- UK food supplier Big Food Group (UK:BFP) posted a 3.3 percent drop in same-store sales for the 13 weeks ending Oct. 1. &quot;Trading has remained tough in the food sector in recent months for