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Finance

Price Wars In The United Kingdom’s Grocery Market

The United Kingdom has been one of the most successful overseas forays for Walmart (WMT). The company operates ~576 stores in the country—the second highest among overseas operations after Mexico.

In the United Kingdom, the market is dominated by the big four grocery chains. The chains include Tesco (TSCDY) (TSCO.L), Sainsbury (SBRY.L) (JSAIY), Wm. Morrison (MRW.L) (MRWSF), and ASDA—Walmart’s subsidiary in the United Kingdom.

ASDA is number two in the country. It’s second to home-grown Tesco. The market share for Walmart’s ASDA was estimated at 16.9% in the 12 weeks through February 1—compared to 29% for Tesco[1. Source: Kantar Worldpanel].

View more information: https://marketrealist.com/2015/02/walmart-price-wars-united-kingdoms-grocery-market/

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