Wednesday, September 12, 2012

Tesco Recovery

Kantar is one of the worlds leading analyzers of the retail segment. A report out today shows that Tesco is recovering after its change of CEO. See below:-

Tesco's sales rose 2.8 percent over the 12-week period, Kantar said, behind growth of 4.5 percent at Wal-Mart's Asda, Britain's No. 2 supermarket chain, and growth of 3.8 percent at Sainsbury, the No. 3 player. Wm Morrison Supermarkets, Britain's No. 4 grocer, was the laggard, with growth of 1.1 percent, reflecting its lack of an online offer and only a small number of convenience outlets. 

Kantar said the total grocery market grew 3.3 percent over the 12 weeks, above its inflation measure of 2.9 percent. "Despite ongoing pressures, things seem to be looking up in the grocery market and shoppers are not having to trade down to the same extent as they have done over the past year," said Garner. 
 Market share (percent) 12 wks to 12 wks to pct change Sept 2 2012 Sept 4 2011 in sales 

COMPANY   3rd qtr 12   3rd qtr 11
Tesco                30.8              30.9 
Asda                 17.6               17.4 
Sainsbury          16.4             16.3 
Morrison           11.5             11.7 

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