The Guardian puts the spotlight on the Waitrose Food and Drink Report 2017 and finds big supermarket trollies are on the decline as Britons ditch the weekly shop, while vegetarian prepared meals, juniper berries and Sicilian wine are on the rise. The Guardian also runs a cheat sheet article for a brief run down on the report headlined “RIP the supermarket ‘big shop’ – why we ditched the trolley for the basket”.
Sainsbury’s has launched a record label to take advantage of the revival in interest in vinyl with bespoke song compilations (The Financial Times). The supermarket chain says it is one of the largest sellers of vinyl records in the country, having sold 120,000 albums since it started stocking them and now commanding a 5% share in the UK. The Times adds that hipster will be appalled at the news in a story headlined “Sainsbury’s puts hipsters in a spin with own vinyl label”.
Frozen supermarket chain Iceland has extended the period it will continue to accept old £1 coins until New Year’s Eve (The Guardian).
A feature on recipe boxes in The Guardian asks “is this cooking for idiots?”. The write spends a week eating nothing but ‘recipe box’ food and says meal ingredient subscription services make you feel like a kitchen pro by telling you what to cook and delivering every element in cardboard compartments. “Does this mean we’ll never have to go supermarket shopping again?”
Papa John’s has blamed soft pizza sales on a feud between American football players and President Donald Trump which “polarised customers”, according to founder John Schnatter (The Financial Times).
A top Bank of England official has warned that around 10,000 jobs in the UK are at risk on “day one” of Brexit, The Telegraph writes. Sam Woods, a deputy governor of the Bank, also admitted that forecasts of 75,000 job losses in the financial sector over the long-term were “plausible” at an appearance before peers on the Lords EU financial affairs sub-committee (The Guardian).
High street bellwether Next was punished by the City once again after the former retail darling missed sales forecasts and spooked investors by warning that trading was “extremely volatile”, with shares slumping as much as 8%, The Telegraph reports.
The Financial Times adds that Next reported a 1.3% year-on-year increase in full-price sales in the three months to 29 October, which was a significant improvement on the first half of the year but was still considered “slightly disappointing” by analysts.
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