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KWIK SAVE FALLOUT CONTINUES EDWARD GARNER, DIRECTOR OF RESEARCH, TNS WORLDPANEL, comments: “The latest TNS Worldpanel grocery market share figures published today for the 12 weeks ending 25th February 2007 again show a buoyant grocery market growing at 5.3% per annum – well above inflation. The well-documented collapse of the Kwik Save share coupled with recent weakness in the Somerfield share (down to 3.6% from 3.9% a year ago) has enabled most of the other retailers to produce strong growth figures. Tesco holds on to its gains with annual growth of 8% but both Asda and Sainsbury have seen sales grow by 7% over last year which means they have each added 0.3 share points. Elsewhere, Morrisons sees its tenth successive period of growth and Waitrose attains an all-time record share of 4.0%. For the Discounters, Aldi and Lidl are direct beneficiaries of the Kwik Save situation, acquiring both stores and shoppers to yield double-digit growth.”
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