Technology

Convenience stores outnumber UK supermarkets

Food spending at convenience stores in the UK has increased by + 3.3% over the past four weeks, outpacing UK supermarkets, which have increased by + 0.6% over the same period, according to data released today by Nielsen IQ.

NielsenIQ said that the transition to convenience channels “gradually pre-pandemic consumer habits” as workers slowly return to the office, children return to school, and there is less need to plan large stores in advance. I explained that it was the result of “returning”.

NielsenIQ also revealed that visits to all stores increased by 10% compared to last year. However, visits are down 6% compared to 2019, indicating that stores can still afford to grow. Online sales share is stable at 12.4%, down slightly from the same period last year (13%), when online baskets tend to be smaller.

NielsenIQ added that shoppers’ sentiment also appears to be bright until four-week grocery sales through September 11, 2021 rose to + 1.8% compared to the same period last year. This is an improvement from + 1.1% in August 2021 and + 7.3% growth in sales compared to 2019.

Meanwhile, shoppers have spent £ 9.8 billion in major supermarkets in the last four weeks until September 11. That’s £ 526m more than the same period in 2019 (+ 6%), and food retail spending at the end of the third quarter resumed the hospitality industry.

In addition, consumers are now reverting to old shopping habits, including “shopping,” and in the last 12 weeks until September 11, we found a surge in new shoppers in all UK supermarkets. .. Tesco (Sales + 1.4%) continues to gain overall market share (26.9% from 26.7% a year ago). MS (+ 7.4%) also saw a significant increase in sales, while Aldi (9.2%) Lidl (+ 15%) Still the fastest growing retailer.

Mike Watkins, Head of UK Retailers for Nielsen IQ jobs According to Insight, UK shopping habits are “shifting again”, this time becoming a convenient channel as British return to “more impulsive shopping behavior in response to a return to a pre-pandemic lifestyle.” I am going.

He states: However, while rising energy costs and inflation can hurt disposable income, availability concerns can pose challenges, leaving some clouds on the horizon.

“But grocery stores can expect short-term boosts as some of their incremental spending hasn’t returned to the hospitality channel yet. Shoppers may plan ahead if households are more constrained. there is.”

He added: “There are three challenges for retailers and manufacturers towards the Golden Quarter. First, more on every shopping trip, as habits are shifting from big online stores to new small missions in stores. Encourage a lot of spending.

“The second is to run an exciting media campaign in October, which will help increase festive periods and spending on big Christmas stores. Finally, grocery stores will have a budget by the end of the year. You need to be prepared for tightening, which means you need to reflect this in your range and pricing to get the sympathy of price-sensitive consumers. “

https://www.retailsector.co.uk/621237-convenience-stores-outperforms-uk-supermarkets/ Convenience stores outnumber UK supermarkets

Back to top button