'Positive signs' for Morrisons as shoppers embrace supermarket's Savers range

Morrisons has seen sales improve for a fourth month in a row as its value range proved increasingly popular with shoppers.

New data from Kantar revealed that in the 12 weeks to June 2023, Morrisons’ market share was 8.8 per cent while overall sales rose by 0.8 per cent to £2.9bn compared to last year.

While its overall market share was down on the 9.6 per cent it held at the same point last year, Fraser McKevitt, head of retail and consumer insight at Kantar, said there are promising signals for Morrisons.

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He said: “This was the fourth time in a row that we’ve seen Morrisons grow. It’s a modest rise compared to rivals but there are positive signs for the retailer.

Morrisons has slashed the price of 47 products by more than a quarter on averageMorrisons has slashed the price of 47 products by more than a quarter on average
Morrisons has slashed the price of 47 products by more than a quarter on average

"Its Morrisons Savers range is Britain’s fastest growing value line, nearly doubling sales compared to last year, as consumers turn to own-label.”

It remains the fifth-largest supermarket brand in the country, with fourth-placed Aldi the fastest growing retailer.

Its sales rose by 24.6 per cent pushing it to a new record market share of 10.2 per cent, 1.2 percentage points higher than the same period last year. Lidl’s sales growth was only slightly behind its fellow discounter, increasing sales by 23.2 per cent, giving it 7.7 per cent of the market.

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Sainsbury’s and Asda’s sales both grew at 10 per cent over the past 12 weeks. They now account for 14.9 per cent and 13.7 per cent of total sales respectively. Britain’s largest retailer, Tesco, saw its sales increase by 8.9 per cent, as it achieved a 27.1 per cent market share.