Sainsbury’s Tops Sales Growth for First Time Since January

  • Grocery price inflation falls 1.6 percentage points to 14.9% in the four weeks to 9 July 2023
  • Sainsbury’s sales growth leads Asda and Tesco for the first time since January this year
  • Aldi remains fastest-growing grocer with a 24.0% increase, holding 10.2% market share
  • Lidl’s market share up to 7.7%, Morrisons sees best growth since April 2021 at 2.5%
  • Waitrose and Co-op see 5.1% growth, maintaining 4.4% and 6.0% shares respectively
  • Ocado’s sales rise 2.0%, holding 1.7% market share with 3.0% in London

Grocery price inflation has seen its steepest decline since peaking in March this year, falling 1.6 percentage points to 14.9% in the four weeks to 9 July 2023, according to Kantar data. Sainsbury’s sales growth led Asda and Tesco for the first time since January, growing by 10.7%. Aldi remained the fastest-growing grocer with a 24.0% increase, holding a 10.2% market share. Lidl’s market share rose to 7.7%, Morrisons saw growth of 2.5% (best since April 2021), and Waitrose and Co-op experienced 5.1% growth. Ocado’s sales increased by 2.0%, maintaining a 1.7% share in London. Fraser McKevitt, Kantar’s head of retail and consumer insight, noted that promotional spending has contributed to the change.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about grocery price inflation, sales growth of different retailers, and the factors contributing to these changes. It cites data from Kantar and quotes an expert for context and analysis.
Noise Level: 3
Noise Justification: The article provides relevant information about grocery price inflation and market share changes among major retailers in the UK. It includes data from Kantar and insights from Fraser McKevitt, head of retail and consumer insight at Kantar. The article stays on topic and supports its claims with evidence. However, it could provide more analysis or context for the long-term trends or consequences of these changes.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the impact of grocery price inflation on major retailers such as Sainsbury’s, Asda, Tesco, Aldi, Lidl, Morrisons, Waitrose, Co-op, and Ocado.
Financial Rating Justification: It pertains to financial topics related to consumer spending and market share changes in the grocery industry, which can impact the financial performance of these companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk