Aldi Tops Growth with Record Market Share

  • Grocery price inflation drops to its lowest level this year at 16.5%
  • Aldi’s sales rose by 24.6%, reaching a record market share of 10.2%
  • Lidl’s sales grew by 23.2%, holding 7.7% of the market
  • Morrisons’ sales increased by 0.8%, with an 8.8% market share
  • Sainsbury’s and Asda’s sales grew at 10.0%, accounting for 14.9% and 13.7% of total sales respectively
  • Tesco’s sales increased by 8.9%, holding a 27.1% market share
  • Co-op’s sales rose by 3.8%, with a 5.8% market share
  • Waitrose saw a 3.3% increase, holding 4.5% of the market
  • Concerns over rising grocery prices continue to grow among consumers
  • Value tier products are the fastest-growing part of the market since June 2022

Grocery price inflation has dropped to its lowest level this year, reaching 16.5%, according to Kantar data for the four weeks to 11 June 2023. British grocery sales increased by 10.8% compared to the same period last year. Aldi was the fastest-growing retailer with a 24.6% sales rise, reaching a record market share of 10.2%. Lidl followed closely behind with a 23.2% increase and 7.7% market share. Morrisons’ sales grew by 0.8%, holding an 8.8% share, while Sainsbury’s and Asda both saw 10.0% growth, representing 14.9% and 13.7% of total sales respectively. Tesco increased its sales by 8.9%, maintaining a 27.1% market share. Co-op experienced a 3.8% rise, holding 5.8%. Waitrose saw a 3.3% increase, leading Iceland and Ocado with 2.3% and 1.7% shares. Fraser McKevitt, Kantar’s head of retail and consumer insight, said the lowest inflation rate is a relief for shoppers but still high compared to historical data. Consumer concerns over grocery prices continue to rise, with 70% of households worried about food and drink costs.

Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about grocery price inflation, sales growth of different retailers, and consumer concerns. It cites data from Kantar and quotes Fraser McKevitt, head of retail and consumer insight at Kantar, to support its claims. The article is relevant, well-researched, and provides a balanced perspective on the situation.
Noise Level: 3
Noise Justification: The article provides relevant information about grocery price inflation and market share changes for various retailers in the UK. It also includes insights on consumer behavior and concerns regarding rising prices. However, it could benefit from more analysis of long-term trends or possibilities and exploring consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses grocery sales and market shares of various retailers, which can impact the stocks of these companies.
Financial Rating Justification: The article talks about inflation rates, sales growth, and market shares of different grocery stores, which are financial topics related to the retail industry. It also mentions consumer concerns over rising prices and their impact on household budgets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk