Tuesday, 9 January 2018

Tesco named Christmas winner as grocery shoppers spend extra £1bn, according to new figures

Tesco was named the best major supermarket performer in the run-up to Christmas as shoppers splashed out an extra £1bn across the sector, according to new figures.

Industry data from Kantar Worldpanel showed sales at Tesco rose by 3.1% in the 12 weeks to 31 December, well ahead of "big four" rivals Sainsbury's, Asda and Morrisons at about 2% each.
But separate numbers from the British Retail Consortium (BRC) highlighted the starkly different picture for non-food stores, which saw their worst fall since 2009.

Squeezed households have had to manage their budgets over a period when grocery inflation climbed to 3.7%, according to the Kantar data.

Fast-growing discounters Aldi and Lidl were the biggest winners over the period, with sales up at each by 16.8%.

Overall sales for the sector rose 3.8% to £28.9bn compared to last year.

SKY      News.