Tesco’s share of market slips again

Tesco’s market share has slipped from 30.3 per cent this time last year to 29.7 per cent in the 12 weeks to February 19, a further decline on the 29.9 per cent reported by Kantar Worldpanel last month. The drop in Tesco’s market share to a level last seen in May 2005 came as low-cost chains saw their share of the market grow with Iceland up from 2 per cent to 2.1 per cent, Aldi up from 3.1 per cent to 3.6 per cent and Lidl up from 2.4 per cent to 2.6 per cent.

Waitrose saw its share rise this month to 4.5 per cent from 4.4 per cent, which is an all-time record for the retailer after it stepped up its store expansion.

Meanwhile, the Co-operative saw its share fall to 6.3 per cent in the 12 weeks to February 19 from 6.7 per cent in the same period last year.

Asda, the second biggest UK grocer, remained consistent with a 17.5 per cent share of the market. Morrisons was down 0.1 per cent on a year ago to 12.2 per cent.