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.
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.
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.
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.
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.