UK Grocery Retail Market
UK Grocery Market Performance – Key Facts •
The top 4 retailers have struggled to show any growth in sales over the last 2 years. In recent times Asda’s (owned by Walmart) performance has particularly suffered at the expense of the discounters
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The market continues to polarise: one premium retailer and two discounters continue to grow while the middle ground is broadly flat
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The space race is over: opening new hypermarkets and supermarkets to drive improved overall performance is no longer the route to success. Retailers are cancelling store opening plans and considering options for their land banks
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Leading retailers have been involved in sku rationalisation. This is more about cutting out duplication and providing more logical choices for shoppers, and retailers are keen to give out the message that they are still very much open to new products which can deliver something different for their shoppers
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Convenience, on-line and discounting are the 3 areas of growth in grocery retail as shopping habits are changing, and shopping frequency is increasing, while hypermarkets and supermarkets have been feeling the pressure Sku = stock keeping unit or product line
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