Sainsbury’s Records Largest Gain Since ’97; Tesco Keeps Monthly Winning Streak
- Sainsbury’s sees largest market share gain since 1997
- Tesco maintains winning share every month since August 2023
- Asda and Morrisons’ shares remain stable
- Lidl and Aldi continue to grow
- Ocado maintains fastest growth streak
- Waitrose sees slight increase in share and sales
According to Kantar data, supermarket sales increased by 3.8% in the four weeks leading up to August 4th, 2024 compared to last year. Sainsbury’s market share rose by 0.5 percentage points, reaching 15.3%, making it the fastest-growing traditional supermarket with a 5.2% increase. Tesco maintained its winning streak since August 2023, increasing its hold on the market by 0.6 percentage points to 27.6%. Asda and Morrisons’ shares remained at 12.6% and 8.6%, respectively. Lidl saw a 7.8% sales boost, gaining 0.4 percentage points for an 8.1% share, while Aldi’s market share reached 10.0%. Ocado continued its six-month growth streak with a 11.3% rise in sales and a 0.1 percentage point increase in share to 1.8%. Waitrose experienced a 0.1 percentage point rise in share, marking its strongest growth since November 2023. Grocery inflation increased for the first time since March 2023 to 1.8% from 1.6% last month.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about market share changes and sales growth for various supermarkets based on Kantar data. It also includes relevant context about grocery inflation rates.
Noise Level: 3
Noise Justification: The article provides relevant information about market share and sales growth for various supermarkets and discounters in the UK, as well as a slight increase in grocery inflation. It stays on topic and supports its claims with data from Kantar. However, it could benefit from more analysis or context to provide actionable insights or long-term trends.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses market share gains and losses among major supermarkets, including Tesco, Sainsbury’s, Asda, Morrisons, Lidl, Aldi, and Ocado. It also mentions grocery inflation rates.
Financial Rating Justification: The article covers financial data related to the performance of various supermarket chains and their market shares, as well as inflation rates in the grocery sector, which can impact consumer spending and overall economic trends.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
www.retailsector.co.uk