UK: Tesco increases lead in grocery market
Tesco has increased its lead in the UK grocery market, while Sainsbury has also managed to improve its market share, according to the latest figures from market researchers TNS.
In the twelve weeks to 22 May, Tesco had a 29.9% share of the market according to TNS, compared with 27.6% in the same period a year earlier. Sainsbury's share rise to 15.9% from 15.5% a year ago, while Asda's fell to 16.5% from 16.6% a year ago.
TNS Superpanel communications director Edward Garner said of the Sainsbury performance that, "this represents real turnover growth of 5% and confirms the solidity of the recovery."
The combined Morrison's and Safeway share fell to 12% from 14.2% a year ago. "There are signs that this may be levelling off," Garner said. "It should be remembered that much of this decline is due to fascia changes as Safeway stores are sold off in response to the Competition Commission stipulations and, more recently, the smaller stores that have been sold to Somerfield."
Waitrose benefited from the Safeway conversions. Its market share rose from 3.2% to 3.7%, a turnover increase of 19%.
Tesco, the UK's biggest supermarket chain, has today (Tuesday) reported a 20.5% rise in pre-tax profits to £2.029bn (US$3.84bn) for the 52 weeks ended 26 February 2005....
UK supermarket giant Tesco is planning to open a further 40 stores in central Europe, according to the Financial Times Newspaper....
UK supermarket Tesco will reveal a record £2bn (US$3.74bn) profit next week, according to the London Evening Standard newspaper....
UK supermarket Sainsbury grew faster than Wal-Mart's Asda in the twelve weeks to 27 March 2005, the first time that has happened for ten years, according to figures from market researchers TNS....
Wal-Mart's UK supermarket chain Asda has announced price cuts worth £100m (US$188m)....
Wal-Mart's UK supermarket chain Asda has awarded a contract to frozen food supplier Fullers Foods International to supply UK frozen vegetables for all its 274 stores in Britain....
UK supermarket chain Wm Morrison has agreed with BP Oil UK to dissolve the partnership between Safeway, acquired by Morrison in 2004, and BP....
In a new round of supermarket price cutting, Asda and Tesco have reduced prices by a total of £167m (US$314m). Both supermarkets, which together account for 46% of supermarket spending, are advancing ...
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