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UK Retail Market Posts Slight Sales Growth For February 2016 Quarter

March 8, 2016: 12:00 AM EST
Supermarket sales in the UK grew 0.5 percent during the 12-week period ending February 28, 2016, compared with the same period in the previous year, according to Kantar Worldpanel. Among the country’s top 4 retailers, Sainsbury’s recorded sales growth of 0.5 percent for the period, the company’s 8th consecutive period of growth. Although its market share remained flat at 16.8 percent, Sainsbury’s saw strong sales from its online business and its Local convenience stores. Sales in larger stores dropped 2.0 percent, a trend affecting Asda, which saw sales falling 4 percent and its market share down to 16.2 percent.
Fraser McKevitt, "British supermarkets witness fastest growth in five months", Kantar Worldpanel, March 08, 2016, © Kantar Worldpanel
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