Supermarkets squeezed by discounters
THE big five supermarkets lost market share in the 12 weeks to April 26, the latest grocery data reveals.
Tesco, Asda, Sainsburys, Morrisons and The Co-operative all saw sales fall in the period, Kantar Worldpanel said, while the German discounters Aldi and Lidl and Waitrose all grew.
Asda was the worst performer, down 2.2% in the period, while Sainsbury's reported the most marginal decline of 0.2%. Tesco, the largest retailer in the UK, saw its market share fall 1% to 28.4%, while Morrisons was down 1.1% to 1... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...