Data Shows Lidl Won Spend From Every Competitor Over Christmas
Namnews, 11th January 2024
New data from Kantar shows that Lidl achieved over £116m in switching gains during the Christmas period, with it the only grocer to win spend from all the leading supermarkets.
The discounter achieved switching gains of £51.6m from Tesco, Sainsbury’s, Morrisons and Asda. Meanwhile, Lidl secured £12.2m from key rival Aldi. The remaining switching spend came from the ‘premium’ supermarkets and other food outlets, amounting to £52.3m.
The performance comes off the back of a record Christmas for Lidl, with its sales up 12% and further market share growth.
NAM implications:
- Bad news for Aldi, added pressure on UK performance…
- Key for ‘premium’ supermarkets has to be the extent to which having discovered the quality closeness of the discounters vs premium…
- …how many will revert to upmarket shopping.