27/03/2012 10:06:00

Asda's UK Grocery Market Share Rises To 17.9%

Related content
02 Oct - 
TESCO - interim results - video interview with Sir Terr..
17 Apr - 
TESCO - preliminary results - interview with CEO
03 Oct - 
TESCO - interim results - interview with CEO
Related debate
13 Aug - 
Tja, hvad skal jeg sige.....Indtil videre har jeg et ta..
12 Aug - 
https://uk.finance.yahoo.com/echarts?s=TSCO.L#symbol=TS..

LONDON -(Dow Jones)- Asda's U.K. market share rose to an all time high with a year-on-year market share growth rate of 7.8% leading the big four, according to the latest figures from Kantar Tuesday, largely reflecting the full integration of its Netto stores.

For the 12 weeks ended March 18, Asda's market share rose to 17.9%, from 17.3% a year earlier. Including Netto, which it bought in April last year, total Asda market share fell slightly to 17.9%, from 18%. Asda is a subsidiary of Wal-Mart Stores Inc. (WMT).

The market share for Tesco PLC (TSCO), the U.K.'s largest supermarket by market share, continued to fall while J Sainsbury PLC (SBRY.LN) and Wm Morrison Supermarkets PLC's (MRW.LN) market share remained static.

Tesco's market share fell to 30.2% in the 12 weeks ended March 18, from 30.6% in the 12 weeks ended March 20, 2011. Sainsbury's market share was 16.6% and Morrison's share was 12.3% according to the latest data from Kantar, which monitors the grocery purchasing habits of 25,000 demographically representative U.K. households.

Upmarket retailer Waitrose and discount retailers Aldi and Lidl were the other gainers in the 12-week period. According to Kantar, Waitrose's market share rose to 4.4% from 4.3%, while Aldi and Lidl's combined market share rose to 5.3% from 4.6%.

Discount supermarket chains are thriving in the U.K. as cash-strapped consumers seek cheaper goods to make their money go further.

Edward Garner, director at Kantar Worldpanel, said Tesco's growth rate of 2.7% still lags behind the market and results in a drop in share, although it is an improvement on the growth rates seen so far this year.

Sainsbury's growth rate is 4.1% and Morrison's is 3.4% over the year.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

(END) Dow Jones Newswires

March 27, 2012 07:06 ET (11:06 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Thunderbird Resort Published 2014 Half-Year Report and July 2014 Revenue Report
2
EPH announces acquisitions of 90% of Berlin House and 90% of Geneva House
3
Interim report for Q3 2013/14 (the period 01.04.2014 - 30.06.2014)
4
Medley Capital Corporation Announces the Closing of its Offering of 5,750,000 Shares of its Common Stock
5
Endurance Specialty Holdings Ltd. to Release Third Quarter 2014 Financial Results on Monday, November 3, 2014

Related stock quotes

Tesco PLC 249.15 -1.2% Stock price decreasing
Morrison (WM) Supermarke.. 184.80 1.7% Stock price increasing
SAINSBURY(J) ORD 28 4/7P 305.50 -2.2% Stock price decreasing
Wal-Mart Stores Inc 75.59 0.1% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine
Sell

Related companies
Get access to information and recommendations of related companies with our PLUS package.

You get access to 7 valuable investment tools.

Click here to read more about the PLUS package.
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
27 August 2014 15:52:03
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140825.1 - EUROWEB7 - 2014-08-27 16:52:03 - 2014-08-27 15:52:03 - 1000 - Website: OKAY