Tesco the winner in UK ‘Big Four’
Tesco performs well in the UK, with sales up by 3% in the 12 weeks to 13 August, according to Kantar Worldpanel data
25 August 2017 | 0
Separate reports from both Nielsen and Kantar Worldpanel show Tesco has enjoyed a strong quarter in the UK, with the retail giant’s revival continuing despite a squeeze on disposable incomes.
Kantar Worldpanel reported that Tesco’s sales increased by 3% in the 12 weeks to 13 August, while Nielsen put the figure at 3.2%.
However while Tesco fared well, within the broader UK grocery market, growth slowed as a result of weak sales of barbecue food and ice cream during cooler summer months.
The news which pushed Tesco’s share price up the most in more than a month, will have come as a relief to chief executive officer Dave Lewis, considering the supermarket’s share price was hit earlier this year by concerns that his much-mooted turnaround plan was faltering.
According to Kantar Worldpanel data, total UK supermarket sales rose 4% in the month, fuelled by continued strong growth at discounters Aldi and Lidl.
“All four of Britain’s biggest grocers managed to grow sales for the fifth consecutive period, a run of collective success not seen since 2013,” said Fraser McKevitt, head of retailer and consumer insight at Kantar Worldpanel.
However, The Irish Times reports the industry’s growth was slower than recent periods as temperatures dropped below the seasonal average after the country’s June heatwave. Burger sales were down 25% while ice cream demand dropped by 9%.