Are we seeing the death of supermarkets?

The markets barely moved when US first-quarter GDP was downgraded last week. The revision, from growth of 0.2 per cent to a 0.7 per cent contraction, wasn’t as bad as expected and many blamed the unusually cold winter. But could US shoppers hold the key to another reason? Next week we get retail sales, and given that consumption makes up two-thirds of the American economy, Alex Frean, our US Business Editor, discusses if shoppers have been spending or saving their money. She also talks about the controversial Trans-Pacific Partnership trade deal. Back in the UK, and Richard Fletcher, our Business Editor, examines whether or not we are seeing the death of the supermarket, with Tesco and Sainsbury’s updating the market next week. Finally, Robert Lea, our Industrial Editor, asks if Flybe, the regional airline, can survive or if it will be “bullied” out by the big boys. He also looks at whether FirstGroup should be split up. You can find out if all the predictions were right as the news breaks on our...

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