J Sainsbury Sales, Market Share Fall
June 26 2018 - 4:06AM
Dow Jones News
By Ian Walker
J Sainsbury PLC (SBRY.LN) was the only one of the top four U.K.
grocers to record a fall in sales over the latest 12 weeks ended
June 17 as the U.K.'s second largest grocer sold an extra 60
million pounds ($79.6 million) of goods on promotion this year.
According to data from research firm Kantar Worldpanel sales at
Sainsbury's, which is in the process of merging with Asda, fell
0.2% to GBP4.24 billion and its market share fell to 15.6% from
16%.
Tesco PLC (TSCO.LN), the U.K.'s number one grocer by market
share, grew sales 1.4% in the 12 weeks to GBP7.51 billion. However,
its market share fell to 27.7% in the period, from 27.9%.
At the other end of the scale, German retailers Aldi and Lidl
grew both market share and sales. Aldi's market share rose to 7.4%
in the period, from 6.9%, while sales rose 8.2% to GBP2.0 billion.
Lidl's market share rose to 5.4%, from 5.0% and sales grew 10% to
GBP1.47 billion, Kantar said.
Kantar monitors the household grocery purchasing habits of
30,000 demographically representative households in the U.K.
At Asda, a subsidiary of Walmart Inc. (WMT), market share fell
to 15.1%, from 15.2%, while sales rose 1.8% to GBP4.1 billion. Wm.
Morrison Supermarkets PLC's (MRW.LN) market share fell to 10.6%,
from 10.7%, although sales rose 1.9% to GBP2.88 billion.
The market share of up-market retailer Waitrose, a division of
John Lewis Partnership PLC, fell to 5.1% in the period, from 5.1%.
Sales climbed 0.1% to GBP1.38 billion, Kantar said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
June 26, 2018 03:51 ET (07:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
From Oct 2023 to Oct 2024