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Tesco loses market share as Lidl and Aldi outperform again

Like Tesco, big four rivals Asda and Morrison both experienced sales growth of 2.2%, though lost market share for the 12 weeks to 28 January 2018
Tesco
Tesco saw the greatest sales growth from its dairy and produce lines.

Tesco PLC (LON:TSCO) remains the fastest growing supermarket of the big four, with sales up by 2.6%, research group Kantar Worldpanel has revealed.

Tesco lost market share, nonetheless, as discount chains Lidl and Aldi maintained their rapid growth.

READ: Tesco confirms final dividend and says Booker CEO will head retail arm after merger

Their sales climbed 16.3% and 16.2% respectively, boosting their market share by 0.5 and 0.7 percentage points.

Like Tesco, big four rivals Asda and Wm Morrison PLC (LON:MRW) both experienced sales growth of 2.2%, though lost market share of 0.2 percentage points for the 12 weeks to 28 January 2018.

J Sainsbury PLC’s (LON:SBRY) sales increased by 1.5% but its market share fell 0.3 percentage points. 

The New Year’s resolution of healthy eating drove sales of vegetables up, and cold weather and an outbreak of influenza increased the sales of painkillers by 12%.

Grocery sales increased in value by 3.4% compared with this time last year.

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Article
April 11 2018

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