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Name | Symbol | Market | Type |
---|---|---|---|
Tesco PLC (PK) | USOTC:TSCDY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 1.61% | 12.66 | 12.59 | 12.66 | 12.66 | 12.50 | 12.50 | 244,490 | 18:35:49 |
By Ian Walker
German retailers Aldi and Lidl continue to take market share from the top four U.K. grocery chains, Tesco, Sainsbury's, Asda and Morrisons, a survey from Kantar Worldpanel showed Tuesday.
Aldi's U.K. market share rose to 6.7% in the 12 weeks ended Nov. 5 compared with 6.1% in the same period a year earlier, while Lidl increased its share to 5.1% from 4.6%, Kantar said. Kantar monitors the household grocery purchasing habits of 30,000 demographically representative households in the U.K.
Aldi's sales in the 12 weeks grew 13% to 1.75 billion pounds ($2.29 billion), while Lidl's sales rose 15% to GBP1.34 billion.
Tesco PLC (TSCO.LN) maintained its position as the leading grocer in the U.K., according to Kantar, despite a decline to 28% of the market versus 28.2% a year earlier. Tesco's sales in the 12 weeks totaled GBP7.29 billion, up 2.3%.
J Sainsbury PLC's (SBRY.LN) market share fell to 16.2% in the latest survey from 16.3%, with sales increasing 2.6% to GBP4.22 billion, Kantar reported.
Asda, a subsidiary of Wal-Mart Stores Inc. (WMT), saw its market share fall to 15.3%, from 15.5%, with sales 1.5% higher at GBP4 billion. Wm. Morrison Supermarkets PLC's (MRW.LN) market share fell to 10.4%, from 10.5%, with sales increasing by 2.1% to GBP2.71 billion.
The market share of up-market retailer Waitrose, a division of John Lewis Partnership PLC, was unchanged at 5.3% in the 12 weeks to Nov. 5. Sales climbed 2.3% to GBP1.37 billion, Kantar said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
November 14, 2017 03:52 ET (08:52 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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