Monday, October 14, 2024

Latest Posts:

RAKIS SUMMIT Poised to Unlock Investment Potential in Ras Al Khaimah

The Ras Al Khaimah Investment and Business Summit is set to take place at RAK Exhibition Centre from December 10th-11th, 2024, offering an unparalleled platform for...

Companies still prioritise financial factors over sustainability in supply chains

Companies still consider sustainability less important than financial factors when selecting other companies as...

Disappointing stocks are more likely to perform well in future

Disappointing stock portfolios are more likely to perform well in the future, finds recent research from NEOMA Business School...

UK online grocery spending reaches record high in lockdown shopping spree

The online share of 13% of the grocery market in the weeks to May 16 was up from 7% at the same time last year and 10% higher than in April, Market researcher Nielsen said. 

Nielsen said 7.9 million British households placed an online grocery order, up from 4.8 million during the same period last year, including 1.1 million new online shoppers. 

While online sales soared 103% year-on-year, sales growth in stores was 6.6%, despite visits to the shops being down 24%. 

But the amount shoppers spent on each visit they did make was up 45%, with an average basket value of 21.6 pounds, reflecting a change in behaviour during the lockdown. 

“Following over eight weeks in lockdown, UK shoppers are more accustomed to restricted living, and have adapted their grocery shopping habits to match,” said Mike Watkins, Nielsen’s UK head of retailer and business insight. 

“Online has been a clear winner … as shoppers take advantage of retailers’ increased delivery capacity.” 

OverallUK grocery sales increased by 13% year-on-year, further emphasising a shift to the eat-out-of-home market to the supermarket sector as pubs, cafes and restaurants have been closed during the lockdown. 

The biggest gainer during the 12-week period to May 16 was market leader Tesco, with sales up 11.7%, while Sainsbury’s, Asda and Morrisons rose by 11.0%, 5.7% and 9.4% respectively. 

 

Reported by James Davey 

Sourced Reuters 

For more Business news follow i-invest Online. 

Latest

RAKIS SUMMIT Poised to Unlock Investment Potential in Ras Al Khaimah

The Ras Al Khaimah Investment and Business Summit is set to take place at RAK Exhibition Centre from December 10th-11th, 2024, offering an unparalleled platform for...

Companies still prioritise financial factors over sustainability in supply chains

Companies still consider sustainability less important than financial factors when selecting other companies as...

Disappointing stocks are more likely to perform well in future

Disappointing stock portfolios are more likely to perform well in the future, finds recent research from NEOMA Business School...

Recruiters say traditional skills declining as AI and tech rise over the next five years 

Tech and AI skills are predicted to be one of the most important skills for graduates to have in the next five years...

Subscribe To Our Content

Don't miss

RAKIS SUMMIT Poised to Unlock Investment Potential in Ras Al Khaimah

The Ras Al Khaimah Investment and Business Summit is set to take place at RAK Exhibition Centre from December 10th-11th, 2024, offering an unparalleled platform for...

Companies still prioritise financial factors over sustainability in supply chains

Companies still consider sustainability less important than financial factors when selecting other companies as...

Disappointing stocks are more likely to perform well in future

Disappointing stock portfolios are more likely to perform well in the future, finds recent research from NEOMA Business School...

Recruiters say traditional skills declining as AI and tech rise over the next five years 

Tech and AI skills are predicted to be one of the most important skills for graduates to have in the next five years...

Major economic crises reduce gender diversity on corporate boards

Major economic crises negatively impact gender diversity on boards, according to...

RAKIS SUMMIT Poised to Unlock Investment Potential in Ras Al Khaimah

The Ras Al Khaimah Investment and Business Summit is set to take place at RAK Exhibition Centre from December 10th-11th, 2024, offering an unparalleled platform for...

Companies still prioritise financial factors over sustainability in supply chains

Companies still consider sustainability less important than financial factors when selecting other companies as...

Disappointing stocks are more likely to perform well in future

Disappointing stock portfolios are more likely to perform well in the future, finds recent research from NEOMA Business School...

LEAVE A REPLY

Please enter your comment!
Please enter your name here