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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

UK supermarkets sales up by over 3% for sixth month, with Tesco again leading the ‘Big Four’

Kantar Worldpanel said its latest grocery market share figures showed an overall increase of 3.6% in sales for the 12 weeks to 10 September 2017, compared with the same period last year

UK supermarkets saw higher food price inflation help their sales increase by over 3% for a sixth month, according to the latest industry data, with Tesco PLC (LON:TSCO) again leading the ‘Big Four’.

Kantar Worldpanel said its latest grocery market share figures showed an overall increase of 3.6% in sales for the 12 weeks to 10 September 2017, compared with the same period last year.

READ: Lidl now UK’s seventh biggest supermarket, but ‘Big Four’ led by Tesco also seeing sales growth

The market research group said food price inflation was 3.2% in the period, compared with 3.3% a year earlier.

Supermarket leader Tesco came out on top once more, with sales up 2.7%, although its market share was squeezed by 0.3 percentage points to 27.8%.

Sales at J Sainsbury PLC (LON:SBRY) were up 2.1%, while Wm Morrison Supermarkets PLC (LON:MRW) saw its sales rise 2.3%, and Wal-Mart Stores Inc (NYSE:WMT) owned Asda added 1.5%.

But the German discounters again saw the fastest growth, with Lidl sales jumping 19.2%, taking its share to a record high of 5.3%, while rival Aldi saw growth of 15.6%, resulting in a market share of 6.9%.

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