Kantar Figures Look Grim for Tesco10 Oct 2019 09:54
According to the research house, while Britain’s supermarkets enjoyed a welcome return to growth in the 12 weeks to September (up 0.5% year-on-year), Tesco’s checkouts became that bit quieter. Sales there dropped 1.4% in the period, dragging its overall share of the market 0.5% lower to just below 27%.
Kantar’s latest release underlined the devastation the German discounters are wreaking on the former monopoly of the Big Four grocers. Sales at Aldi rocketed 6.3% in the three months while those at Lidl jumped 9.2%, in turn dragging its market share to record highs of 6%.
The likes of Tesco can expect the bricks-and-mortar disruptors to continue their stunning ascent beyond the near term too. For one, they are likely to continue on their programme of aggressive new store openings and site refurbishments well into the next decade. And in the meantime, worsening economic conditions in the UK look set to drive cost-conscious shoppers through their doors in ever-greater numbers as well.