UK supermarket chain Tesco now has a record 29% of the UK grocery retail market, according to the latest industry data from market researcher TNS.
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Tesco’s market share increased to 29% in the 12 weeks to 2 January, compared to 28.7% a month earlier and 26.6% in the year-ago period, reported Reuters.
Supermarket group Wm Morrison continued to leak market share after its takeover of rival chain Safeway. The combined market share of Morrisons and Safeway was 12.4% in the 12-week period, compared to 12.8% a month earlier and 14.5% in the year-ago period.
But there was better news for struggling supermarket chain Sainsbury, which increased its market share to 15.9% in the 12-week period, from 15.6% a month earlier. However, its share was still down compared to the 16.3% it had in the year-ago period.
“Sainsbury, while not setting any records, has slowed its rate of decline…Christmas is traditionally a strong period for the outlet and the share duly rose for the fourth period in succession,” Edward Garner, communications director of TNS Superpanel, was quoted by Reuters as saying.
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By GlobalDataMeanwhile, the UK’s second-largest grocer, Asda, owned by US retail titan Wal-Mart, recorded a market share of 17.1% in the latest period, compared to 16.8% a month earlier and 16.7% in the year-ago period.
