Aldi and Lidl Lead the Way with 17.1% and 16.0% Sales Growth

  • Grocery price inflation drops to 12.2% for the four weeks to 3 September 2023
  • Aldi and Lidl grow sales by 17.1% and 16.0% respectively
  • Discounters capture 17.7% of sector, with growth slowing in recent months
  • Own-label sales increase by 9.9%, supermarket lines make up over half of consumer purchases
  • Wilko’s share of non-food groceries jumps to 2.3% from July
  • Sainsbury’s and Tesco are fastest growing traditional retailers at 9.1% and 9.3% respectively
  • Tesco’s market share reaches 27.2%, Sainsbury’s at 14.8%
  • Asda’s market share at 13.8%, Morrisons at 8.6% with sales up by 5.1% and 2.0% respectively
  • Waitrose growth accelerates to 5.6%, holding 4.6% of the market
  • Ocado sales increase, market share at 1.6%; Co-op’s sales up by 2.5%, holding 6.1%

Grocery price inflation has dropped to its lowest level in over a year, reaching 12.2%, according to Kantar’s latest data for the four weeks ending September 3rd, 2023. Aldi and Lidl have seen sales grow by 17.1% and 16.0% respectively, capturing 17.7% of the sector. Supermarket lines now account for over half of consumer purchases, a £3bn shift from branded products. Wilko’s non-food grocery share increased to 2.3%, while Tesco and Sainsbury’s experienced sales growth of 9.1% and 9.3% respectively, with Tesco reaching 27.2% market share and Sainsbury’s at 14.8%. Asda and Morrisons saw sales rise by 5.1% and 2.0%, holding 13.8% and 8.6% market shares. Waitrose accelerated growth to 5.6%, now with a 4.6% share, and Ocado’s sales increased, holding 1.6% market share; Co-op’s sales up by 2.5% with a 6.1% share.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the latest data on grocery price inflation and sales growth for various retailers, including specific percentages and market shares. It also includes relevant details about consumer behavior and trends in the industry. However, it could benefit from more context or background information to help readers understand the significance of these numbers and how they compare to historical trends.
Noise Level: 7
Noise Justification: The article provides relevant information about grocery price inflation and the performance of various retailers in the industry, but it could benefit from more analysis or context on the long-term trends and consequences of these changes.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the performance of various grocery stores, impacting their stock prices and investor sentiment.
Financial Rating Justification: The article covers the sales growth and market share changes of different grocery store chains, which can affect their financial performance and potentially impact the stocks 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.

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