• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A customer carries a basket filled with food inside a Sainsbury's supermarket in Richmond, West London, Britain February 21, 2024. Isabel Infantes/files
A customer carries a basket filled with food inside a Sainsbury's supermarket in Richmond, West London, Britain February 21, 2024. Isabel Infantes/files
Home
Business
Retail & Consumer

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ

August 21st, 2024 | 07:02 AM BUSINESS Retail & Consumer 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Coty sees weak quarterly profit, withholds annual forecasts in 'transition year'
China orders entities not to assist EU's JD.com probe
Off-price retailer TJX raises annual profit forecasts
Hershey targets the health-conscious with savoury Halloween snacks
By James Davey

Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to struggle, industry data showed on Wednesday.

Market researcher NIQ said sales at UK supermarkets grew 5.5% year-on-year over the four weeks to Aug. 10, against growth of 3.6% in last month's report.

It said the data, the most up-to-date snapshot of UK consumer behaviour since the July 4 national election, showed the largest jump in sales so far this year, and was aided by a short heatwave. Ice cream sales soared 38%, mineral water sales jumped 32% and soft drink sales were up 14.3%.

Suncare sales jumped 49% and sales of hayfever remedies were up 42% as consumers spent more time outdoors and made purchases ahead of summer vacations.

Echoing data from rival market researcher Kantar last week, NIQ said online grocer Ocado (OCDO.L) enjoyed the fastest growth over the 12 weeks to Aug. 10 with sales up 14.3%, followed by Marks & Spencer (MKS.L) with sales increasing 10.7%.

Market leader Tesco (TSCO.L), No. 2 Sainsburys (SBRY.L), discounter Lidl and Waitrose also gained market share.

But Asda was the laggard. Its sales fell 6.4% and it lost 1.3 percentage points of market share over the year.

Earlier this month, Asda reported a 5.3% fall in second quarter sales and its chairman, veteran retailer Stuart Rose, told the Telegraph newspaper he was "embarrassed" by the group's performance.

NIQ said last month that food price inflation was running at 2.3%, higher than Kantar's latest reading of 1.8%.

It said the online channel's share of grocery spend over the four-week period was 12.8%, up from 12.5% this time last year.

  • Topic
  • BRITAIN
  • GROCERS/NIQ (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Coty sees weak quarterly profit, withholds annual forecasts in 'transition year'

Related Posts

Retail & Consumer
August 19th, 2026

Coty sees weak quarterly profit, withholds annual forecasts in 'transiti...

Retail & Consumer
August 19th, 2026

China orders entities not to assist EU's JD.com probe

Retail & Consumer
August 19th, 2026

Off-price retailer TJX raises annual profit forecasts

Retail & Consumer
August 19th, 2026

Hershey targets the health-conscious with savoury Halloween snacks

Retail & Consumer
August 19th, 2026

Target lifts annual forecasts again as Fiddelke's turnaround takes root

Retail & Consumer
August 19th, 2026

Estee Lauder forecasts strong annual profit on resilient fragrance deman...

The Wire
Aug 20th 1 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

Aug 20th 1 h ago
Litigation

SK Hynix to pay 60% of employee bonuses in company stock un...

Aug 20th 2 h ago
Asia Pacific

Outsider who could decide New Zealand's next government wan...

Aug 20th 2 h ago
Business

Aegon raises share buyback plan to 350 million euros

Aug 20th 2 h ago
Africa

South Africa's Exxaro half-year profit down 20%, cuts divid...

TRENDING ON FINANCETIME
Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Aug 20th, 2026 World

Russia strikes drone component facilities, other targets in Kyiv, defence ministry says

Aug 20th, 2026 Asia Pacific

China's Shanghai eases housing policies to spur demand

Aug 20th, 2026 Boards, Policy & Regulation

Fortescue hires law firm to investigate sexual harassment allegations against senior executive

Aug 20th, 2026 Transactional

Treasury's upsized buybacks may complicate Fed's monetary policy work

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT