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Tuesday, February 23, 1999 Published at 00:12 GMT

Business: The Company File

Tesco wins supermarket sweepstakes

The nation's favourite supermarket

Supermarket group Tesco has extended its share of the UK grocery market and once again widened the gap with its main rival Sainsbury.

Grocery sales in the UK weighed in at £89bn for the six months to June 1998. According to data collated by the Institute of Grocery Distribution, Tesco managed to cut off a 15.6% slice of the market, a gain of 0.4 percentage points.

[ image:  ]
Tesco has managed to double its market shares within 12 years.

Sainsbury's continues to lose out, with its share of the grocery market falling once again, down to 12.6% - a loss of 0.1%.

Tesco overtook Sainsbury's for the first time in 1995 and now enjoys a three percent lead.

UK number three Asda boosted its share by 0.2 points to 8.7%, while most other supermarkets saw their market share stay flat.

The 10 leading firms control just over 61% of the UK market. The Office for Fair Trading is currently investigating allegations that supermarkets are overcharging their customers for groceries.

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