Discounter boom tails off
Whilst Tesco had seen its share under pressure it has posted its highest growth so far this year at 6.2%. This is just a whisker behind the Grocery sector growth so share is virtually unchanged. Asda, Sainsbury's and Morrisons all perform strongly, outgrowing the market and adding share.
The decline of Somerfield (-12.7% year-on-year) may look alarming but it should be remembered that the Competition Commission required them to divest stores following their acquisition by The Co-operative. In future releases we will see the Somerfield share progressively decline as the fascias of the remaining stores convert to The Co-operative livery.
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