51AV视频

The UK's Premier Agricultural Machinery and Technology Show

20鈥�21 January 2027, NEC, Birmingham

Event Details

Retailer update: Asda's sales plunge

Tesco is still at number one with its market share increasing from 27% to 27.6% over the past year

Cedric Porter
Business Reporter
clock 鈥� 3 min read
Retailer update: Asda's sales plunge

A large drop in market share by the UK's third largest supermarket chain, Asda, is the main headline from the most recent retailer sales data compiled by Kantar.

In the past year, Asda's market share has fallen from 13.7% to 12.6%. That is down from 17.2% a decade ago, when the Leeds-based retailer was in second spot after Tesco.

Tesco is still at number one with its market share increasing from 27% to 27.6% over the past year. Sainsbury's has gained ground too 鈥� up by 0.5% to 15.3%.

Asda

In recent years, the standout supermarket performer has been Aldi, but it lost 0.2% market share this year, settling at 10%.

That contrasts with 0.4% market share growth by rival German retailer Lidl to 8.1%.

READ NOW:听Shoppers bin a tenth of the food they buy

Online retailer Ocado's sales were 11.3% more in the latest 12-week reporting period compared to last year, making it the fastest growing grocer in percentage terms, with upmarket supermarket Waitrose also posting strong growth.

The market share figures are the latest blow for Asda, which recently reported a 5.3% decline in sales in the second quarter of the year.

Chief finance officer Michael Gleeson said: "We continue to make progress by investing in bringing our quality and value offering to more customers across the UK, with Asda's food price inflation trending lower than the market.

READ NOW:听Producing Gouda cheese proves to be a saviour for Cornish farm

"However, we also know that there are some areas where we can and need to improve."

Company chair Stuart Rose described the results as embarrassing and suggested part-owner Mohsin Issa step back as chief executive. Mohsin and his brother Zuber bought the retailer for 拢6.8 billion in 2020 along with private equity company TDR capital. Zuber is reported to be selling his 22.5% stake to TDR.

The difficulties have prompted the GMB union to call on it to take urgent action to protect jobs and shoppers. In a statement, Nadine Houghton, from the national office at the union, said: "Asda's plummeting market share is entirely down to TDR Capital's financial mismanagement and Asda is now in a fight for survival.

"It is time for TDR Capital to get serious 鈥� more than 150,000 jobs are on the line if they get this wrong. TDR must start listening to its workers to arrest this worrying and dramatic decline."

Fast food

Supermarkets were not the only ones seeing subdued British food sales. Demand at fast food chains was down, with KFC reporting a 3% decline in UK sales in the second quarter and a 2% decline over the year.

READ NOW:听Ever considered game? It could just change the way you think about food

European demand for Pizza Hut was 6% down in the quarter, although global sales for Yum, which owns both brands was up 3%.听

McDonalds saw a 1% decline in global sales in the three months to the end of June 2024, the first quarterly year-on-year decline since Q3 2022.听

Market watcher Meaningful Vision found that footfall had fallen in fast food restaurants had fallen in the year to May, but there has been a recovery after chains offered discounts and promotions.

"The use of promotions is growing as a key tool to generate additional traffic, which has not been growing," chief executive Maria Vanifatova told the BBC.

Meaningful Vision said that the number of promotions in fast-food restaurants, bakeries and coffee shops was up a third between April and June.

More on 51AV视频Business

Trump opens up cheaper red diesel for road users, could Britain follow?

Trump opens up cheaper red diesel for road users, could Britain follow?

Donald Trump has opened up red diesel in the US in an effort to cut high fuel costs. With British farmers among those most exposed to diesel prices, could the UK follow at the Budget?

Tom Ryder
clock 07 October 2026 鈥� 4 min read
Lidl increases GB farm spend by 拢400m

Lidl increases GB farm spend by 拢400m

Fresh meat and poultry suppliers saw the biggest rise, with spend up 15%, while around two-thirds of Lidl鈥檚 products are now British-sourced

Jane Thynne
clock 06 October 2026 鈥� 2 min read
Introducing the finalists for the British Farming Awards 'Agricultural Supplier of the Year' award 2026

Introducing the finalists for the British Farming Awards 'Agricultural Supplier of the Year' award 2026

Taking place on October 15 at VOX in Birmingham, The British Farming Awards will welcome industry professionals from across the country to celebrate British agriculture and the successes it has had this year

Farmers Guardian
clock 06 October 2026 鈥� 5 min read