Aldi overtakes Morrisons to become UK's fourth largest supermarket
"Shoppers are taking steps to manage their budgets including broadening the range of stores they visit, with the discount grocers benefiting."
Nevertheless, Kantar said food price rises will push up the average annual grocery bill by £571 to £5,181.Kantar said Aldi's sales rose by almost a fifth in the 12 weeks to 4 September compared with a year earlier, giving it a market share of 9.3%.Morrisons said market share was "partly a function of new store openings".
However, it added that "customers don't really care about market share statistics - they care about value, quality, provenance and service and that is where our focus is going to remain."Mr McKevitt said: "Back at the start of the 2010s, Tesco, Sainsbury's, Asda and Morrisons together accounted for over three quarters of the sector but that traditional big four is no more.
He said Aldi had consistently been opening stores, and that 14.2 million people had shopped at the grocer in the past three months.However, online grocer Ocado, which has also been growing, said it expected to see a small drop in sales this year as customers buy less and and look for cheaper items.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cost of living: Aldi overtakes Morrisons as fourth-largest supermarket as food inflation hits new recordThe latest industry data suggests that discounters are continuing to attract market share at a fast pace as the cost of an average annual grocery bill rises by almost £40 on the previous month.
Read more »
Major supermarkets to shut during Bank Holiday to observe Queen’s funeralTesco, Aldi and other supermarkets are choosing to close their doors to honour Queen Elizabeth II's funeral.
Read more »
Aldi and Primark among stores to close for Queen Elizabeth II's funeral as mark of respectThe chain tweeted it will not be opening next Monday as a mark of respect and to allow store colleagues to 'pay their respects'.
Read more »
Supermarkets and high street chains to shut stores for Queen’s funeralGrocery giants Sainsbury’s and Aldi have become the latest retailers to tell shoppers they will keep stores shut on September 19.
Read more »
Tamarack Becomes Largest Player In Clearwater Play After $1.1B Acquisition | OilPrice.comCalgary-based Tamarack Valley Energy Ltd will acquire Deltastream Energy Corp in a US$1.1 billion deal that renders it the largest producer in the Clearwater unconventional heavy oil play
Read more »
Aldi's £5.99 dupe of the Laura Mercier £45 bath honey is backAldi shoppers have been going wild for the Laura Mercier dupe
Read more »