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UK Supermarket Sales Growth Slows Down In April Quarter 2016

May 4, 2016: 12:00 AM EST
In the UK, supermarkets saw their sales increase by only 0.1 percent for the 12-week period ending April 24, 2016, according to Kantar Worldpanel. Data revealed sales growth for the period was slower than the 1.1 percent growth rate reported in April 2016. According to analyst Fraser McKevitt, the market's overall volume growth of 1 percent is in line with the country's population growth. Amid the market conditions, the Co-operative growth continues, with sales growing 3.3 percent year-on-year, and market share growing to 6.2 percent. Waitrose saw its market share rise 0.1 percentage points to 5.2 percent, boosted by 1.5 percent sales growth.
"Consumers reap the rewards of cheaper goods and simplified pricing", Kantar Worldpanel, May 04, 2016, © Kantar Worldpanel
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