Hints and tips:
...In total, all value own-label lines grew 12 per cent, McKevitt added....
...“We can also see consumers turning to value ranges, such as Asda Smart Price, Co-op Honest Value and Sainsbury’s Imperfectly Tasty, to save money,” added McKevitt....
...Only three retailers grew sales by more than inflation: discount operators Aldi and Lidl, and convenience chain Co-op....
...“Tesco will have to keep the two very different to make sure it ends up taking more from its rivals than it loses from itself,” said Mr McKevitt....
...Traditionally focused on own-label lines, Lidl has actually seen fastest growth among its branded products,” which increased by almost 30 per cent year on year and now make up around an eighth of all sales, Fraser McKevitt...
...Frazer McKevitt, head of retailer and consumer insight at Kantar Worldpanel, said: All four of Britain’s biggest grocers managed to grow sales for the fifth consecutive period, a run of collective success...
...“Consumers are still willing to spend when they think the value is right,” says Mr McKevitt....
...The cut-price grocer now has a 6.2 per cent market share, a nose ahead of Co-op’s 6 per cent....
...Fraser McKevitt, head of retail and consumer insight at Kantar, said that the figures underscored Aldi’s rapid growth in recent years, with an increasing number of British consumers favouring its low prices...
...There was also decent growth at the Co-op and Iceland, whose sales rose 3.1 per cent and 6.3 per cent respectively....
...Also increasing sales after a successful end to 2016 were Iceland, where sales grew by 9.6%, Waitrose (3.0%) and Co-op (2.4%)....
...The Co-op also continued its resurgence, growing sales by 3.3 per cent to £1.57bn as chief executive Richard Pennycook seeks to embed a new strategy for the group to focus on its convenience offer....
...Said Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel: the immediate economic uncertainty is unlikely to cause a substantial fall in grocery volumes, as demonstrated by the 2008...
...Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: Shoppers reaped the benefit of falling prices this Christmas, with groceries 1.8% cheaper than last year....
...The Co-operative Food business was one of the surprise winners over the Easter period, according to the latest market share data from Kantar Worldpanel....
...“The structural upheaval caused by discounters Aldi and Lidl continued into the Christmas period,” said Mr McKevitt....
...Next door is a Co-operative Group shop, brightly lit and with large uncluttered windows....
...Mr McKevitt said a decline in food price inflation also contributed to the contraction....
...Fraser McKevitt, head of retail and consumer insight at Kantar, says that to continue to expand at their previous rates — about 30 per cent growth for Aldi — is a “mathematical impossibility”....
International Edition