Big four supermarkets all lose ground to discounters post-Brexit

A monthly report from research firm Kantar Worldpanel showed UK supermarket sales rose 0.1% in the 12 weeks to 19 July, having fallen 0.2% in the period to 19 June and 0.4% a month before that.

Grocery prices fell 1.4% for the period, which was the same rate of deflation as reported a month ago and the 24th consecutive fall.

Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said the EU referendum result appeared to have no immediate impact on the prices retailers were charging or consumer sales volumes, though it "remains to be seen" if the Brexit vote will bring about any price rises this year.

The impact that was clear was that big supermarkets lost sales and market share to discounters, appearing to back up recent research that found many shoppers were planning to switch to cheaper grocery brands as they batten down the hatches in anticipation of tougher times ahead. http://www.digitallook.com/news/news-and-announcements/clothing-retailers-face-more-tough-times-from-brexit-nielsen-survey-shows--1383556.html

Among the 'big four' supermarkets, Tesco saw sales fall the least, down 0.7%, and its 0.2% loss of market share to 28.3% was the group's slowest rate of share loss since March 2014 and was helped by an improved performance from its larger stores.

Sainsbury’s sales slipped 1.1%, the second lower move in a row after a long upward streak, which dragged its market share down by 0.2 percentage points to 16.3%.

Sales dropped 5.6% at Asda, where new chief executive Sean Clarke is poised to launch a new round of heavy price cuts, with market share shrinking rapidly to 15.5% from 16.4%.

Morrisons sales fell 1.8%, which was its best results since January and is more to do with the sale of its convenience store estate late last year, while its market share fell by 0.2 percentage points to 10.7%.

The biggest poachers of market share from the big guns were Lidl, whose share rose to 4.5% from 4%, and Aldi, which now has 6.2% of the market, up from 5.6% last month.

Co-op's market share grew to 6.4% from 6.3%, Waitrose challenged the narrative with growth to 5.1% from 5.0%, while Iceland was up to 2.1% from 2.0%.