Sales Growth and Market Shares Update for UK Grocers

  • Grocery price inflation falls below 10% for the first time since July 2022
  • Sainsbury’s was the fastest-growing traditional supermarket last month with sales up 10.1%
  • Lidl and Aldi were the only grocers to increase their number of shoppers year on year
  • Tesco gained market share for the fourth consecutive month
  • Co-op’s sales grew at the fastest rate since March 2021
  • Ocado’s market share rose to 1.7% with a 12.6% increase in year-on-year sales

Grocery price inflation has dropped to single digits for the first time since July 2022, reaching 9.7% for the four weeks to October 29, according to Kantar data. Sainsbury’s was the fastest-growing traditional supermarket last month with sales up by 10.1%. Lidl and Aldi were the only grocers to increase their number of shoppers year on year. Tesco gained market share for the fourth consecutive month, while Co-op’s sales grew at the fastest rate since March 2021. Ocado’s market share rose to 1.7% with a 12.6% increase in year-on-year sales.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about grocery price inflation, sales growth of various supermarkets, and consumer behavior trends. It cites data from Kantar and quotes Fraser McKevitt, head of retail and consumer insight at Kantar, as its source. The article is well-structured and relevant to the main topic.
Noise Level: 4
Noise Justification: The article provides relevant information about grocery price inflation and market share changes among different retailers. It also discusses some specific product categories and consumer behavior trends. However, it lacks in-depth analysis or exploration of the underlying causes and potential long-term consequences of these trends.
Financial Relevance: Yes
Financial Markets Impacted: Grocery stores and supermarkets
Financial Rating Justification: The article discusses grocery price inflation, sales growth of various supermarket chains, and the impact on consumer behavior. This is relevant to financial topics as it pertains to the retail industry and can potentially affect the stock prices 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 text.

Reported publicly: www.retailsector.co.uk