Tesco's Sales, Market Share Rises for Third Consecutive Period
13 Dezember 2016 - 9:50AM
Dow Jones News
By Ian Walker
LONDON--Tesco PLC's (TSCO.LN) market share and sales rose for
the third consecutive period as the industry gears up for the key
holiday trading period.
For the 12 weeks ended Dec. 4 Tesco's market share rose to
28.3%, from 28% for the comparable 12 weeks, while sales rose 1.6%
to 7.42 billion pounds ($9.4 billion).
German discount grocers Aldi and Lidl also increased sales and
market share, while upmarket grocer Waitrose's share was static
despite sales rising in the latest 12 months, Kantar Worldpanel
said. Kantar monitors the grocery purchasing habits of 25,000
demographically representative households in the U.K.
Aldi and Lidl's joint market share rose to 10.8% in the 12 weeks
ended Dec. 4, up from 10% in the comparable 12 weeks ended Dec. 6,
2015. Separately, Aldi's market share rose to 6.2% in the 12 weeks,
from 5.6% for the comparable period in 2015. Lidl's market share
rose to 4.6%, from 4.4% in the 12 weeks ended Dec. 6, 2015.
Aldi's sales in the 12 weeks grew 10% to GBP1.62 billion, while
Lidl's sales rose 5.7% to GBP1.21 billion.
Sainsbury PLC's (SBRY.LN) market share in the 12 weeks ended
Dec. 4 fell to 16.5%, from 16.7%, while sales fell 0.6% to GBP4.33
billion.
Asda, a subsidiary of Wal-Mart Stores Inc. (WMT), saw its market
share fall to 15.3%, from 16.2% for the comparable 12 weeks, with
sales 4.7% lower at GBP4.01 billion.
Wm Morrison Supermarkets PLC's (MRW.LN) market share fell to
10.8%, from 11%, while sales were 1.4% lower at GBP2.83 billion
Waitrose' market share was unchanged at 5.1% in the 12 weeks
ended Dec. 4, although sales climbed 1.1% to GBP1.34 billion.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 13, 2016 03:35 ET (08:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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