Tesco and Sainsbury’s both increased market share this month as Asda’s hold on the grocery sector continues to falter.
Britain’s biggest supermarket Tesco achieved its largest share since December 2017, upping it from 27.4% to 28% as sales rose 5.2% in the 12 weeks to 29 September.
Sainsbury’s stepped up its market share by 0.4 percentage points to 15.2% after sales increased 5.1%.
Related Story
Falling sales at Britain’s third largest supermarket saw Asda’s market share drop 1.1 percentage points from 13.7% to 12.6%.
Asda is hoping to accelerate its transformation efforts in the coming months as chair Lord Stuart Rose took the reins of the supermarket as Mohsin Issa steps back from the day-to-day running of the chain.
The supermarket has struggled over the past year as it battles with a sizeable debt pile and a resource draining project to separate its core IT systems from the Walmart’s infrastructure.
Click here to sign up to Retail Gazette‘s free daily email newsletter
