Food Retail

Unemployment and persisting deflation were primarily responsible for the sluggish revenue growth at Safeway (SWY) for the past two quarters. The situation worsened with the company forecasting 1.2% deflation by the year end compared to the previous expectation of 0.4% inflation. The scenario is...

Recently, we downgraded Safeway (SWY) to Underperform with a target price of $19.00.   We note that the environment for the retail industry is quite challenging. Consumer spending on durable products has, consequently, been very weak. This is evident from the decline in non-fuel identical (ID)...

Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently signed a lease agreement with AT&T Inc. (T), a premier global telecommunication services provider. The lessee will occupy the space at Beckett Commons...

The recent rally in stocks came to a halt on Tuesday as mixed economic data failed to lift investors' sentiments. The blue-chip Dow industrials and the broader Standard & Poor's 500-stock index dropped for the first time in five days even as the Commerce Department noted retail sales rose at...

Below is a list of 9 potential takeover targets based on value and the ability to acquire the company. I do try to limit the size of the company so that there isn't anything like a Wal-Mart or Microsoft included. But all of the companies are 'acquirable' and have solid financials that would make...

For Immediate Release Chicago, IL – September 15, 2010 – Zacks.com Analyst Blog features: Kroger's (KR), Walgreen's (WAG), Best Buy (BBY), Home Depot (HD), and The Gap (GPS). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?...

The Kroger Company (NYSE: KR) reported 2Q EPS at $0.41, $0.05 above Deutsche Bank's estimate and FY2010 EPS guidance was reaffirmed (at $1.60-1.80), giving Kroger yet another solid quarter due to better than expected sales & growth, and trends continue to improve, according to Deutsche Bank....

For Immediate Release Chicago, IL – September 15, 2010 – Zacks.com Analyst Blog features: Best Buy Company, Inc. (BBY), The Kroger Company (KR), Wal-Mart Stores Inc. (WMT), Safeway Inc. (SWY), and Whole Foods Market Inc. (WFMI). Get the most recent insight from Zacks Equity Research with the free...

Activity on the mergers and acquisitions front and robust Chinese factory data buoyed confidence that the recovery is beginning to gain momentum, sending stocks higher for a fourth successive session. Financials got a boost after global regulators agreed to implement measures that will make it...

The Kroger Company (KR), one of the largest grocery retailers, recently posted second-quarter 2010 results that outpaced the Zacks expectations, sending shares up 47 cents or 2.2% to $21.51 in early hours trading. The quarterly earnings of 41 cents a share surpassed the Zacks Consensus Estimate of...

Retail Sales were better than expected in August. Total retail sales rose 0.4%, a tick better than the 0.3% consensus expectation, and are up 3.6% from a year ago. However, July was revised down from 0.4% growth to 0.3% growth, which makes the overall level of retail sales about where the consensus...