After news that the major discounters are climbing the world’s top 20 grocery retailer rankings, the Financial Times reports on a new cheap-as-chips challenger in the US retailers in the form of consumers goods website Alice.com.

The FT also covers the decision by Sir Stuart Rose to waive £1m worth of shares following shareholder criticism of the high street icon’s governance. But it's not overly impressed with the comments of deputy chairman Sir David Michels.

The Independent also takes a look at the bonus waiving.

Elsewhere on a quiet day, the Daily Telegraph reflects on yesterday’s news about the early success of Waitrose’s budget Esssentials range.

There’s not a lot else out there at the moment.