Yesterday Britain’s biggest supermarket announced a round of job cuts plus the acquisition of Paperchase assets. Tesco plans to shake up its management and close hot counters and delis in stores resulting in the loss of 2,100 jobs. Since 2019 Tesco said it has seen a steep drop in demand for the counters and that it was no longer a major reason for customers visiting stores. Also yesterday, high street stationery firm Paperchase fell into administration with Tesco buying the brand and intellectual property but not the 106 stores putting 800 roles at risk. The collapse of the chain follows a difficult period of rising costs and disappointing sales.