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A shopper looks amongst a partially empty fruit and vegetable display in an aisle at a Sainsbury's supermarket, as Britain experiences a seasonal shortage of some fruit and vegetables, in London, Britain, February 26, 2023. Toby Melville
A shopper looks amongst a partially empty fruit and vegetable display in an aisle at a Sainsbury's supermarket, as Britain experiences a seasonal shortage of some fruit and vegetables, in London, Britain, February 26, 2023. Toby Melville
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UK supermarket sales growth slows after summer holidays

September 18th, 2024 | 07:04 AM BUSINESS Retail & Consumer 2

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By Reuters

British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer holidays, industry data showed on Wednesday.

Market researcher NIQ said UK supermarket sales rose 4% in the four weeks to Sept. 7, after rising by 5.5% in last month's report.

"This slowdown in growth is likely due to cooler weather and a return to regular routines for shoppers after the summer break," NIQ said.

The researcher's data, the most up-to-date snapshot of UK consumer behaviour, showed the online channel's share of supermarket spend increased to 13% from 12.5% a year ago.

Echoing data from rival market researcher Kantar last week, NIQ said online grocer Ocado (OCDO.L) was the fastest growing with sales growth of 15.4% over the 12 weeks to Sept. 7. Marks & Spencer (MKS.L) was in second place with growth of 12.4% and discounter Lidl third with growth of 11.3%.

Market leader Tesco (TSCO.L) saw sales growth of 5.3%, while No. 2 Sainsbury's (SBRY.L) saw growth of 5.9%.

No. 3 player Asda was again the laggard with a sales fall of 5.5% and it lost 1.3 percentage points of market share over the year.

Separately on Wednesday, official UK data showed UK inflation stood at an annual rate of 2.2% in August, unchanged from July. Food inflation was 1.3%.

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  • GROCERS/NIQ
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