Seven Days: 10 February 2017

Seven Days: 10 February 2017

Aldi's march

Land grab

Discount supermarkets are increasingly the scourge of their larger rivals – and German retailer Aldi has hit a new milestone. It now boasts a 6.2 per cent share of the UK grocery market, just ahead of Co-op on 6 per cent, and has entered the top five names for the first time. Kantar Worldpanel data shows that only a decade ago Aldi was the 10th-largest food retailer, with less than 2 per cent market share. The announcement came on the day Co-op chief executive Richard Pennycook stepped down suddenly. Steve Murrells, head of its food business, will take the reins.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now