27/03/2012 10:06:00

Asda's UK Grocery Market Share Rises To 17.9%

Related content
12:29 - 
Invesco Ltd. : Form 8.3 - Tesco Plc
10:40 - 
Dimensional Fund Advisors Ltd. : Form 8.3 - Tesco Plc -..
10:19 - 
Investec Bank plc : Form 8.5 (EPT/RI) - Tesco plc

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

Man Group PLC : Form 8.3 - [Intu Properties plc] - Amendment

23/01/2018 14:37:27
Amendment to cash-settled derivatives (50p ordinary) positions, section 2(a). FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: ..

Alliance Trust PLC : Net Asset Value(s)

23/01/2018 13:47:03
ALLIANCE TRUST PLC                                    At the close of business on Monday 22 January 2018: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 814.7p -       including income, 818.7p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding inco..

Investec Bank plc : Form 8.5 (EPT/RI) - Melrose Industries plc

23/01/2018 10:51:00
 FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY 1.         KEY INFORMATION (a) Name of exempt principal trader:   Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Portola Pharmaceuticals Announces Acceptance of Late-Breaker Abstract Highlighting New Data for Andexanet Alfa at ACC.18
2
Simmons Reports Fourth Quarter 2017 Earnings
3
Southern Missouri Bancorp Reports Preliminary Results for Second Quarter of Fiscal 2018; Dividend of $0.11 Per Common Share Declared; Conference Call to Discuss Results Scheduled for Tuesday, January 23 at 3:30 P.m. Central Time
4
Microdrones and ASPRS to host Workshop Day, February 8th, in conjunction with the ILMF and ASPRS Conference in Denver, Colorado
5
Histogenics Corporation Announces Pricing of Underwritten Registered Direct Offering of 2,340,430 Shares of Common Stock

Related stock quotes

Tesco PLC ORD 5P 209.60 1.3% Stock price increasing
Sainsbury (J) PLC ORD 28.. 257.00 0.0% Stock price unchanged
Morrison (WM) Supermarke.. 228.80 -0.2% Stock price decreasing
Wal-Mart Stores Inc 105.89 0.4% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
23 January 2018 19:35:48
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180122.2 - EUROWEB6 - 2018-01-23 20:35:48 - 2018-01-23 19:35:48 - 1000 - Website: OKAY