Christmas boost for grocers
Boosted by significant inflation, overall supermarket sales shot up by 3.8% in value over the 12 weeks to 31 December, an additional £1bn ringing through the tills versus the 2016 Christmas period. So says Kantar Worldpanel, whose latest grocery market share figures (9 Jan) reveal the average household shrugged off economic worries to spend a record £1,054 on groceries in the three month period. Tesco (TSCO) was the fastest growing of the big four supermarkets, with sales up 3.1%. (JC)
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