Grocery year-on-year sales growth continues, with over 90% increase in online food sales
IGD reports that in the three-month period up to mid-June, grocery sales grew by 13.7% compared to the same period last year (data source: Kantar). With online sales growing by 91% in the previous four weeks, Ocado are the big winners with a record-high 1.7% of total market share. With sales growth of over 40% in the last 12 weeks, the online retailer has also raised £1 billion from shareholders to fund its future growth strategy in the UK and abroad. As reported previously here, Co-op continue to take market share, with many customers preferring local smaller stores. Tesco remains the best performer of the big four retailers (outperforming Sainsbury’s, Morrisons, and Asda).
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