Tesco is “stabilising” after two years of historic declines, but the burgeoning luxury offering of discounters Lidl and Aldi are proving popular among shoppers suggesting that the grocer’s recovery – and that of fellow Big Four retailers – could yet be hampered.
According to the latest share figures from Kantar Worldpanel (covering the 12 weeks ending 22 May 2016) sales at Tesco are down just one per cent, the smallest drop compared to its main competitors.
Sainsbury’s suffered a 1.2 per cent fall in sales partly due to its decision to shift its promotional emphasis from multi-pack deals to straightforward price (the Read full story ›
Source: The Drum
Industry News
