Kantar Worldpanel News
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Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., said sales growth improved in the first quarter as it cut prices and sold more products online.
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Billionaire investor Warren Buffett cut his stake in Tesco Plc to 4.98 percent after shares of the U.K.’s largest supermarket company gained this year.
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Tesco Plc regained some market share in the U.K. over the past month as the country’s biggest grocer invests 1 billion pounds ($1.5 billion) to help win back shoppers, data from Kantar Worldpanel shows.
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Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., said sales rose 4.5 percent last year and it’s investing 700 million pounds ($1 billion) into stores and online operations.
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Under Chief Executive Officer Phil Clarke, Tesco Plc is unraveling a global empire that didn’t quite pan out. Investors need him to fare better with the new one that he’s building at home.
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Tesco Plc Chief Executive Officer Phil Clarke’s decision to open fewer big supermarkets in the U.K. marks the end of a space race that has defined the country’s largest retailer for the past two decades, leaving online sales as his next frontier for growth.
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J Sainsbury Plc was the only one of the four biggest U.K. supermarket chains to win market share as the industry was roiled by Europe’s horse-meat scandal, according to figures from researcher Kantar Worldpanel.
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WM Morrison Supermarkets Plc is one of only two major British grocers not proven to have sold horsemeat mislabeled as beef this year. Even that -- a big advantage with tainted meat dominating headlines -- has done little to halt a market share slide for the company.
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For Valentine’s Day, shoppers at British supermarkets are putting an extra something into their basket along with candy hearts: luxury lingerie.
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J Sainsbury Plc, the U.K.’s third- largest supermarket chain, reported the strongest sales growth in more than two years as the grocer avoided the fallout from Europe’s horse meat crisis and sold more non-food products.
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