Lidl overtakes Waitrose as United Kingdom shoppers turn to discounters

22 August, 2017, 23:12 | Author: Terri Saunders
  • German Grocer Lidl Open Stores In U.S

Lidl, which has been targeting middle-class families in recent marketing campaigns, grew its sales by 0.7 percentage points in the 12 weeks ending 13 August, bumping up its market share to a record high of 5.2 per cent.

Kantar Worldpanel unveiled in a statement today that overall supermarket sales in the United Kingdom had climbed four percent year-on-year in the 12 weeks ending August 13, with all four of Britain's biggest grocers managing to grow sales for the fifth consecutive period.

Fraser McKevitt, head of retailer and consumer insight at Kantar, said Lidl was growing sales much faster among families than from households without children.

The discount retailer has gained 0.7 percentage points of share in the a year ago, taking it above Waitrose and into the UK's top seven supermarkets, as consumers turn further towards discount retailers.

South Korea joint military exercises provocative
Harris, Hyten, and Greaves will observe the exercises this year amid heightened tensions with North Korea. China again called for the "dual suspension" of North Korea's nuclear weapons program and U.S.


All of Britain's big four grocers - market leader Tesco, Sainsbury's, Asda and Morrisons - increased their sales in the period but they still lost market share to the discounters, who, unlike the big four, are continuing to open new stores. Sainsbury's sales also saw a two per cent jump, but its market share also fell 0.3 per cent to 15.8 per cent. "The big four now account for just 69.3pc of the United Kingdom grocery market - down from 76.3pc five years ago - and that looks set to fall further in the coming months." said McKevitt.

As of 10:24 BST, Tesco's share price had rallied 3.32 percent to 182.81p, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.63 percent higher at 7,365.12 points. At the current rate, price increases could add a further £138 to the average household's annual grocery bill, with the price of butter and fish most affected.

Asda also recently reported a return to positive growth following more than 10 consecutive quarters of decline. Sales of branded goods were up 7% year on year at Waitrose - particularly noteworthy at a time when many retailers are focusing more on their own label lines. The Co-op was the only retailer to see a sales drop (0.4%) over the period. Meanwhile online specialist Ocado increased sales by 12.6%, now holding 1.4% of the overall grocery market.

Recommended:

  • As North Korea vows response, USA  dismisses calls to pause drills

    As North Korea vows response, USA dismisses calls to pause drills

    Pacific territory of Guam, by pointing to perceived U.S. hostility, such as military exercises with South Korea this week. The annual Ulchi Freedom Guardian exercise could evolve into actual fighting, North Korean state media claimed yesterday.
    Iran denies joint operation against Kurds with Turkey

    Iran denies joint operation against Kurds with Turkey

    Despite denying that specific operations were planned, the Revolutionary Guards did threaten the possibility of cross-border attacks in the future.
    Korean troops start drills amid N. Korea standoff

    Korean troops start drills amid N. Korea standoff

    After its first and second ICBM tests in July, it threatened to land missiles in the vicinity of Guam , a U.S. President Donald Trump has told him North Korea would not be attacked without South Korea's approval.
  • Blade Runner 2049 TV Trailer Released

    Blade Runner 2049 TV Trailer Released

    Arrival's Denis Villeneuve is directing the movie, with original Blade Runner director Ridley Scott serving as executive producer. The latest global spot shines a light on Niander Wallace, the villain played by Jared Leto .
    Court Place Advisors LLC Has $1.11 Million Stake in Wells Fargo & Company

    Court Place Advisors LLC Has $1.11 Million Stake in Wells Fargo & Company

    As of the end of the quarter Oak Associates Ltd /oh/ had sold a total of 3,442 shares trimming its holdings by 0.7%. Wells Fargo & Company's average Free Cash Flow per Share Growth Rate was -12.5 percent during the past 12 months.
    US Imposes Sanctions on China and Russia Over North Korea's Nuclear Program

    US Imposes Sanctions on China and Russia Over North Korea's Nuclear Program

    The top diplomats of almost 30 countries, including the U.S., South and North Korea joined the ASEAN Regional Forum on August 7. Yesterday, Oilprice.com reported that steady oil supplies from China to North Korea continued to prop up Pyongyang.
  • Britain to unveil proposals to solve post-Brexit cross-border disputes

    Britain to unveil proposals to solve post-Brexit cross-border disputes

    The same "have your cake and eat it" approach applies to Britain's stance towards Ireland, its closest neighbour. Fox has argued that the United Kingdom can walk away if no reasonable negotiation can be reached with Brussels.
    SEA Games: Loh Jack Chang delivers wushu's sixth gold

    SEA Games: Loh Jack Chang delivers wushu's sixth gold

    With that swim, Singapore finished the night with three golds, bringing its total from two days of competition to six. The old record of 3:45.73 was set by Ting Wen, Amanda, Lynette Lim and Mylene Ong at the 2009 SEA Games in Laos.
    Rhino auction court case postponed to eve of auction

    Rhino auction court case postponed to eve of auction

    The Department of Environmental Affairs announced on Friday that the case had been postponed. A court there removed a moratorium on the domestic rhino horn trade earlier this year.
  • John Riddle News, Pictures, and Videos

    John Riddle News, Pictures, and Videos

    We've got more songs than the movie, and an opportunity to develop storylines in greater depth. See our cast together in costume for the first time! "That's dramatic irony for you".
    DNA evidence may exonerate death row inmate whose time is nearly  up

    DNA evidence may exonerate death row inmate whose time is nearly up

    Williams maintains his innocence and says he was convicted on the testimony of individuals who were themselves convicted felons. Greitens has also called for a Gubernatorial Board of Inquiry to be formed to investigate Williams' request for clemency.
    Kevin Hart Laughs Off Cheating Allegations

    Kevin Hart Laughs Off Cheating Allegations

    But the mother of two has not had anything negative to say about the situation as of late because of her sons. I had a person tell me what they felt was factual information about me while they were talking to me.


Popular

Ivanka Trump praises Boston counter demonstrators in tweet
Officials estimated a turnout of 40,000 demonstrators. "Looks like many anti-police agitators in Boston", Trump tweeted . He received immediate backlash from across the political spectrum for not explicitly denouncing hate groups.

Russian Federation detains theater director Kirill Serebennikov over alleged fraud
But Vladimir Urin, the theatre's director general, said it had been pulled because rehearsals had shown it was not ready. Within the next 48 hours a court is expected to rule whether Serebrennikov should remain in custody or not.

Huntington Bancshares Incorporated (HBAN)
Beese Fulmer Investment Management Inc bought 107,508 shares as the company's stock declined 11.04% while stock markets rallied. The bank reported $0.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.03.

Toll Brothers Hit by Drop in Average Sale Price
The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.10. Finally, Korea Investment CORP acquired a new stake in Toll Brothers during the first quarter valued at about $5,839,000.

Morgan Stanley (MS) closed the last trading session at $44.68
Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of Morgan Stanley worth $186,639,000 at the end of the most recent quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .

Nuveen Asset Management LLC Lowers Stake in General Electric Company (GE)
It dropped, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. Also, there are 1 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.55 average brokerage recommendation.

Mane rewards Liverpool perseverance against resilient Crystal Palace
Crystal Palace: Hennessey; Fosu-Mensah, Dann, Riedewald; Ward, Milivojevic, Puncheon, van Aanholt; Loftus Cheek, Benteke, Townsend.

Louise Linton's Couture Draws Ire on Instagram, and She Lashes Back
She called it a day trip and tagged the designer brands she wore in the photo, including Roland Mouret. He also tweeted to Mnuchin, saying, "Hey @ stevenmnuchin1 the government's not your playground".

Unknown Security Threat Causes Lockdown at White House
The news came on the heels of a report of a suspicious package discovered on the steps of House side of the U.S. Construction crews and members of the press were told to go inside the building while the package was examined.

Watch An Emotional John Cena Get Surprised By His Very Grateful Fans
She says she's been waiting for this match for a long time and as much as she respects Naomi , her time is over. John Cena is extremely dedicated to his fans, and often plans special surprises for them to lift their spirits.