British home working drives 5.3% August grocery sales growth: Nielsen

imageEconomic IndicatorsSep 15, 2020 03:10AM ET

(C) Reuters. FILE PHOTO: Shoppers queue at a supermarket in London

LONDON (Reuters) – British grocery sales rose by 5.3% year-on-year in the four weeks to Sept. 5, boosted by households working from home during the coronavirus pandemic, industry data on Tuesday showed.

Market researcher Nielsen said, however, that the growth was down from 7% in last month’s report, adding that supermarkets in Britain had continuing strong online sales over the period, up 102%, while sales at stores fell by 1.6%.

“Food retail sales are still being boosted by households working from home, and such disruptions are expected to continue for the foreseeable future,” Mike Watkins, Nielsen’s UK head of retailer and business insight, said in a statement.

The supermarket industry was expected to remain more resilient than other types of consumer spending, Watkins said, forecasting sales growth of more than 6% for groceries in the last few months of the year, compared to flat growth seen at the end of 2019.

Morrisons, Britain’s fourth largest supermarket group, was the best performer among the big four grocers, with sales up by 10.4% over the 12 weeks to Sept. 5.

Market leader Tesco (L:TSCO) saw growth of 7.5%, followed by Sainsbury ‘s (L:SBRY) at 5.6% and Walmart (N:WMT) owned Asda at 4.2%.

British home working drives 5.3% August grocery sales growth: Nielsen

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>