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News Release

London

JLL comments on the latest Kantar Worldpanel grocery market share figures


​Commenting on today’s latest grocery market share, Tim Vallance, head of JLL UK Retail, said: “The latest Kantar Worldpanel figures on grocery market share show cautious yet encouraging signs for the grocery sector with overall sales up 0.1% compared to last year. As expected, the EU referendum result has had no immediate impact on either retail pricing or consumer demand. While big ticket discretionary spending, including overseas holidays, cars, home improvements and other higher value retail purchases are more susceptible to a slowdown in consumer spending post Brexit; mainstream retail and leisure is likely to remain more resilient.

“Last year’s grocery wars was dominated by a race to the bottom in price cutting. This year now seems to be a race for convenience and speed. So far this year we have seen Morrisons tying up with Amazon and more recently Sainsbury’s launching its same day delivery service. The grocery giants are waking up to the idea that shopping is now seamless: it's about obtaining goods: whether online or offline, through clicks or bricks, via multi or ‘omni-channel.' This will hopefully lead to greater technological and digital innovation in the sector which can only be good news for the consumer and the growing online grocery business.”

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