Britain's 'Big Four' supermarkets lose market share with discount chains on the rise (MRW, SBRY, WMT) [The Business Insider]
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Source: The Business Insider
Britain's 'Big Four' supermarkets lose market share with discount chains on the rise LONDON, Oct 17 (Reuters) - Britain's "Big Four" supermarkets all lost market share in the 12 weeks to Oct. 8 despite growing sales as the march of the discount chains continued, Kantar Worldpanel said on Tuesday. Morrisons was the best performing of the four, with sales up 2.8%, Kantar said, followed by market leader Tesco up 2.1%. Sainsbury's sales were up 1.9 percent and Asda saw growth of 1.8%, it said. Discount chains Aldi and Lidl continued their strong runs, with sales up 13.4% and 16.0% respectively. Inflation in the period was 3.2%, Kantar said.
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