There is barely any grocery or fmcg related news in the papers this morning as newsflow slows down as we head into the key Christmas period.
The Guardian carries an editorial on Amazon grocery stores entitled “the cost of convenience”. As the online behemoth trials a queue-less, cashier-less – and cash-less – grocery store in Seattle, the paper writes “Amazon’s approach may make better business sense by appealing to our impatience, but it comes at a human cost”.
A record one in four pounds was spent online during last month’s Black Friday discounting drive, according to fresh figures from the British Retail Consortium (The Telegraph).
News of a management shakeup at Lego gets plenty of coverage as the toymaker appoints first non-Dane as CEO. The Financial Times says it’s the biggest organisational shake-up in the firm’s 84-year history, in a move aimed at exploiting its toy brand more broadly after a decade of strong growth. The Times adds that the British chief operations officer Bali Padda, who has been with the company for 14 years, has been selected to lead the company, replacing Jorgen Vig Knudstorp, who rescued the brand from near-financial collapse in 2004.
Britain’s trade deficit in the months before the Brexit vote was narrower than first calculated after the Office for National Statistics uncovered a major mistake in monthly import and export data going back to 2015 (The Guardian).
Travel company Thomas Cook is set to take full control of its UK retail stores after The Co-operative group decided to end their joint venture in the business that began in 2011 (The Financial Times).
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