Tesco sees first market share rise since 2011

Tesco sees first market share rise since 2011
 

Tesco has increased its share of the UK grocery market for the first time since since 2011, figures show, highlighting the ongoing recovery of Britain's biggest supermarket.
According to Kantar Worldpanel, sales grew 1.3% year-on-year in the 12 weeks to 9 October.
That left Tesco with 28.2% of the UK grocery market, up from 28.1% a year earlier.
In the 12 week period, sales fell 0.4% at Sainsbury's and 5.2% at Asda.
Tesco has been struggling with stiff competition from discount retailers and reputational damage from a 2014 accounting scandal.
It reported a record loss last year, but earlier... read more

 
18 October 2016 in Business, Views: 42
Source: BBC
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