British Supermarkets Saw off Online Challenge Over Christmas -Kantar
January 08 2019 - 4:32AM
Dow Jones News
By Adam Clark
U.K. supermarkets largely fended off fears of a collapse in
consumer spending over Christmas with only J Sainsbury PLC
(SBRY.LN) suffering a fall in sales among larger grocers, according
to figures from consultancy Kantar.
Kantar said Tuesday that over the 12 weeks to Dec. 30, British
supermarkets posted record sales of 29.3 billion pounds ($37.4
billion). Sales were up 1.6% overall as lower inflation held back
growth, despite consumers continuing to opt for premium ranges.
"Unlike its high street counterpart, the grocery market has been
less affected by the move to online. Although e-commerce is
growing--up 3.9% compared to this time last year--online grocery
shopping is failing to attract new customers," Kantar's Fraser
McKevitt said.
Among the four largest supermarket chains, Walmart Inc.'s (WMT)
Asda was the fastest growing, with sales up 0.7% compared to the
prior year. Its proposed merger partner, Sainsbury's, was hit by a
0.4% fall in sales.
Discount supermarket chains Lidl and Aldi took a record combined
Christmas market share of 12.8%. While not included in Kantar's
market-share data, the consultancy noted that Amazon.com Inc.
(AMZN) grew sales of fast-moving consumer goods by 16% over the
period.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
January 08, 2019 04:17 ET (09:17 GMT)
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