20th Oct 2015 09:10
LONDON (Alliance News) - J Sainsbury PLC was the only big four UK supermarket to increase sales in the past 12 weeks, for the third consecutive period, according to Kantar Worldpanel's grocery market survey published on Tuesday.
Sainsbury's sales rose 1.1% in the 12 weeks to October 11 to GBP3.96 billion from GBP3.92 billion in the same period a year earlier, as its market share stayed flat at 16.1%.
Wm Morrison Supermarkets PLC came in second place, with an overall sales decline of 1.0% to GBP2.64 billion from GBP2.67 billion, as its market share slipped to 10.8% from 10.9%.
Next was Tesco PLC, which saw a 1.7% fall in sales to GBP6.89 billion from GBP7.01 billion, as its market share declined to 28.1% from 28.8%.
The worst performer of the big four was Wal-Mart Stores Inc-owned Asda, which suffered a 3.0% decrease in sales to GBP4.08 billion from GBP4.20 billion. Its market share fell to 16.6% from 17.3%.
Shares in Sainsbury's were trading down 0.3% at 262.70 pence following the report Tuesday morning. Tesco shares were off 1.6% at 190.55p, while Morrisons shares were up 0.5% at 173.80p.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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