Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

UK grocers' sales subdued as shoppers delay Christmas preparations

Published 12/10/2019, 03:38 AM
Updated 12/10/2019, 03:41 AM
UK grocers' sales subdued as shoppers delay Christmas preparations
MRW
-
TSCO
-
SBRY
-
WMT
-

LONDON (Reuters) - Total British grocery sales growth on a year-on-year basis slowed to 0.5% in the 12 weeks to Dec. 1 as shoppers delayed their Christmas preparations, industry data showed on Tuesday.

Market researcher Kantar said all of Britain's big four supermarket groups recorded sales declines over the period and lost market share to the German-owned discounters Aldi and Lidl.

"Amid the uncertainty of a (Dec. 12) general election, a lacklustre Black Friday and a wet autumn, shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies," Kantar said.

It said that on average consumers made one fewer visit to the shops over the past three months than this time last year.

Sales at market leader Tesco (L:TSCO) fell 0.8% over the period, while Sainsbury's (L:SBRY), Asda (N:WMT) and Morrisons (L:MRW) saw sales declines of 1.1%, 1.9% and 2.9% respectively.

In contrast Aldi's sales were up 6.2% and Lidl's rose 9.3%, giving a combined market share of 14.1%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.