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Retail

Tesco Posts Fastest Sales Growth Since June: Kantar Worldpanel

Tesco has posted its fastest sales growth since June 2017, seeing sales up 3.1% in the 12 weeks to 31 December, according to the latest UK market share data by Kantar Worldpanel.

The retailer, which sits on 28.0% market share, was boosted by a 6.4% increase in sales of standard Tesco own label during the period, while its convenience store portfolio also benefited from longer opening hours on Christmas Eve, which fell on a Sunday.

However, Tesco’s market share is 20 basis points lower than at this time last year (28.2%).

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