UK results highlight grocery sector resilience as consumers revert to some pre-recessionary behaviours
The latest TNS Worldpanel grocery market share figures in the UK show the defensive sector continuing to ride out the recession and growing strongly at 6.5%.
There are several signs that shoppers have adopted a more measured approach to the recession and have started to revert to pre-recession behaviour – to an extent. In particular, the stellar growth of discount supermarket chains Aldi and Lidl – which has been seen in Australia with Aldi – has tailed off and both outlets saw their rate of growth eclipsed this period by some of the larger chains. Additionally, Waitrose – which is considered more upmarket than their main rivals – has enjoyed a considerable ‘bounce’ with annual growth reaching 7.0%.
During the height of economic concern late last year and early this year the figures from TNS supported the notion that discount grocers would be the major winner from a global recession. However, signifying the ‘green shoots’ that have appeared, the two main discount grocers in the UK have only just outpaced the growth of the sector at large despite coming from a low base (8.1% average over year to June compared to 6.5%).
Wine exports to China have increased by over 50 per cent since the start of the China-Australia Free...
American grocer Whole Foods has revealed its annual list of food and beverage trends for 2018.
Coles has been announced as the "official supermarket partner" at all AFL and AFLW games in 2020 to...
Aldi is preparing to sell its goods online in China using Australian suppliers.
China has announced it is delaying the introduction of regulations which would apply to cross-border...
A new health food trend may be on the horizon with a US Kellogg’s venture capital fund investing big...
China chocolate sales have more than doubled over the past decade, and are lined up to be the countr...
Iconic Australian food manufacturing brand, SPC, has announced a major joint venture partnership wi...