Discount Retailer Aldi Overtakes Co-op to Become UK's Fifth-Largest Supermarket
February 07 2017 - 4:33AM
Dow Jones News
By Razak Musah Baba
LONDON--Aldi is now Britain's fifth-largest supermarket, after
increasing its market share by 0.6 percentage points and growing
sales by more than 12% over the 12 weeks ending Jan. 29, according
to a survey published Tuesday.
The German discount grocer, which now has a 6.2% market share,
overtook the Co-op, despite the latter increasing its market share
during the period to 6% from 5.9% a year earlier, Kantar Worldpanel
said. Kantar monitors the grocery-purchasing habits of 25,000
demographically representative households in the U.K.
The number one grocer by market share is Tesco PLC (TSCO.LN),
which continued growing for the fifth period in a row but at a
slower rate than previously. Tesco's sales were up 0.3% during the
12 weeks ending Jan. 29, but the retailer's market share fell to
28.1% from 28.5% over the period.
Kantar said Sainsbury's sales were flat, while its market share
fell by 0.3 percentage points to stand at 16.5%. Asda, a unit of
Wal-Mart Stores Inc. (WMT), had a 1.9% decline in sales and a 0.6
percentage points drop in market share to 15.6%.
According to the survey, Morrisons was the fastest-growing
retailer within the big four, increasing its market share for the
first time since June 2015 with a sales uplift of 1.9%
year-over-year. Morrisons market share rose to 10.9% during the 12
weeks ending Jan. 29 from 10.8% a year earlier
Up-market retailer Waitrose's market share rose to 5.3% from
5.2%. Discount retailer Lidl's market share rose to 4.5% from
4.2%.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
February 07, 2017 04:18 ET (09:18 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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