Jumbo trollies are on their way out, Britain now prefers blueberries to strawberries and sales of vegetarian ready-meals are on the rise, according to a new report on food shopping habits.
Two-thirds of Britons now nip to a supermarket more than once a day, and one in 10 people decide what to buy for an evening meal just before they eat it. Longer opening hours and more convenience stores have combined with a drive among shoppers to waste less and stop themselves “over-buying” to a new trend called “as and when shopping”, according to The Waitrose Food and Drink Report 2017 which says consumers treat supermarkets like walk-in fridges. (The Guardian)
“Retailers fear rate rise shock could lead to a miserable Christmas,” writes Alex Brummer in the Daily Mail. He writes that a leading retailer warned that an increase in rates from 0.25% to 0.5% tomorrow may only have limited effect on credit conditions but could have huge psychological impact. “Consumers have become acclimatised to extraordinary low rates, and a rise – and the likely response from mortgage lenders – could be profoundly shocking. Indeed, it could cause people to halt spending in the run-up to Christmas, the most vital weeks of the year for the High Street.” (The Daily Mail)
Just Eat has served up another helping of double-digit revenue growth, three weeks after getting the provisional go-ahead to buy rival Hungryhouse (The Telegraph). Online food delivery firm Just Eat lifted its sales outlook today after continued success of its Canadian business helped third quarter revenues higher (The Daily Mail)
Sainsbury has launched a record label to take advantage of the revival in interest in vinyl with bespoke song compilations. Sainsbury’s says it is one of the largest sellers of vinyl records in the country, having sold 120,000 albums since it started stocking them. (The Financial Times £)
Investors cheered Kellogg’s surprise return to sales growth during the third quarter, pushing shares in the world’s largest cereal maker nearly 9 per cent higher in early trading on Tuesday. (The Financial Times £)
Shop prices deflation remains at a four-year low even as global food prices and import costs continue to rise. The latest figures from the British Retail Consortium and Nielsen show 0.1 per cent deflation in October, the same annual rate as in September and the shallowest deflation rate in the past four years. (The Times £)
Drones are delivering food to residents of a Japanese town devastated by the Fukushima nuclear disaster where access to shops is limited. Convenience store chain Lawson has worked with e-commerce firm Rakuten and this week launched a drone service in the Odaka district of the city of Minamisoma, which has a large population of older people. (The BBC)