Ocado, Sainsbury's, Tesco gain UK market share with festive boost
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UK supermarkets, including Ocado, Sainsbury's, and Tesco, reported increased sales and market share gains during the festive season. Grocery sales rose 3.6% to GBP35.90 billion, with promotional spending up. Ocado's online sales grew 15.8%, reaching a market share of 2.2%. Sainsbury's and Tesco also saw market share increases. Despite inflation, retailers are using promotions to attract consumers. Online sales surged, but physical stores remain dominant. Lidl and Aldi also gained market share, while Co-op and Asda saw declines. Marks & Spencer's food sales grew 8.9%.
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