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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.2375 | 1.91% | 12.6975 | 11.25 | 14.00 | 12.6975 | 12.50 | 12.50 | 259,101 | 21:46:40 |
From Jul 2019 to Jul 2024
By Ed Ballard
LONDON--The British grocery market grew by 1.9% on the year in the 12 weeks to April 27, the slowest rate for 11 years as price competition intensified, according to data published Wednesday by Kantar Worldpanel.
Tesco PLC (TSCO.LN), J Sainsbury PLC (SBRY.LN), and Wm Morrison Supermarkets PLC (MRW.LN) all lost market share, Kantar said. Of the "big four" supermarkets, Asda Stores Ltd. fared best, maintaining its 17.3% market share and recording growth of 2% on the year.
German discount supermarkets Aldi and Lidl achieved record market shares of 4.7% and 3.5%, respectively, as did upmarket competitor Waitrose with 5.1%.
"The proportion of sales on promotion stands at 45% among the big four. By contrast, the figure at Aldi is just 3%," said Kantar director Edward Garner.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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