- Analytics
- News and Tools
- Market News
- UK grocery sales hit record 10.9 billion stg in November - Kantar
UK grocery sales hit record 10.9 billion stg in November - Kantar
Reuters reports that industry data showed that November was the most lucrative month ever for the UK grocery market, with 10.9 billion pounds spent, as out of home eating and drinking was restricted by England's second national lockdown.
Market researcher Kantar said grocery sales rose by 11.3% in the 12 weeks to Nov. 29 year-on-year and were up 13.9% year-on-year in the last four of those weeks.
England's second lockdown to stem rising COVID-19 infections started on Nov. 5 and ran until Dec. 1.
"November as a whole saw shopper frequency hit its highest level since the beginning of the pandemic, suggesting more confidence among people going into stores," said Fraser McKevitt, head of retail and consumer insight at Kantar.
Kantar forecast spending would be close to 12 billion pounds in December, around 1.5 billion pounds more than December last year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
