Tesco's Sales Outpace Overall Market, Kantar Worldpanel Says

Tesco grabbed a bigger share of the UK retail market at 28.2 percent, helped by 1.3 percent increase in sales, during the 12-week period ending October 9, 2016, according to Kantar Worldpanel. Data from the market research firm revealed Tesco's sales grew faster than the overall market's 0.8 percent. Tesco gained 228,000 new shoppers during the period, as other retailers also posted market share gains, including Iceland, 6.9 percent; Co-op, 3.1 percent; and Waitrose. Sainsbury's sales declined 0.4 percent, while Morrisons saw sales drop 3.0 percent.