Aldi becomes UK's fifth largest supermarket
German retailer Aldi has overtaken the Co-operative as the fifth biggest UK supermarket, according to figures from Kantar Worldpanel.
Aldi increased its sales by 12.4% in the 12 weeks ending 29 January. The company's market share has gone up by 0.6%.
Kantar Worldpanel retail and consumer insight head Fraser McKevitt said: “Just a decade ago Aldi was the UK’s tenth largest food retailer, accounting for less than 2% of the grocery market. Since then the grocer has grown rapidly, climbing the rankings by an impressive five places to hold a 6.2% market share.
“Underpinned by an extensive programme of store openings, the past quarter has seen Aldi attract 826,000 more shoppers than during the same period last year.”
Overall, the UK market has continued to grow quicker than the previous year with sales from supermarkets surging by 1.7% compared to 2016 as per Kantar.
The customer knowledge and insights provider stated that eight of the nine major retailers in the UK had positive sales growth in the 12-week reported period.
Topping the list of fastest growing retailers in the big four UK retailers was Morrisons with a sales growth of 1.9% year on year which reflected in a growth in its market share for the first time since June 2015.
Tesco’s sales moved up by 0.3% year on year while its market share went down to 28.1%. On the other hand, Sainsbury’s sales were flat with its market share dropping to 16.5%.
Asda had a 1.9% decline in sales while Waitrose, Lidl and Iceland managed to grow. Waitrose had a sales growth of 3.4%, Lidl had a 9.4% increase and Iceland’s was up by 8.6%, all on a year on year basis.
Image: Aldi is fifth largest supermarket in the UK as per latest industry data from Kantar. Photo: Courtesy of USt/German Wikipedia.