Tesco’s like-for-like online grocery sales grew by 5.1% for the financial year ending February 2018, according to the firm’s preliminary financial results.
However, the online grocer’s market share was still the smallest compared to its bigger rivals, coming in 1.4 per cent. READ MORE: Grocery sales drop for the first time in 3 years.
Here are six vital statistics to help paint a picture of the state of the U.S. online grocery market. Online grocery shopping market share. As far as online retail goes, food and grocery is one of the less developed sectors, with a relatively meager 5.5% of all spending being made online. That compares unfavorably to the 18.9% of apparel and 10.
Low prices are also part of the consumer appeal of online players like Amazon, which is just getting started in grocery: its acquisition of Whole Foods Market (WFM) is a game changer. The combination of Amazon’s digital and operational prowess, WFM’s brick-and-mortar stores, and the two companies’ customer base creates an omnichannel behemoth—a retail ecosystem that grocers have to.
U.S. Online Grocery Market Size And Forecast. According to Verified Market Research, the U.S. Online Grocery Market was valued at USD 19.52 Billion in 2018 and is projected to reach USD 27.4 Billion by 2026, growing at a CAGR of 9.36% from 2019 to 2026. The latest survey on U.S. Online Grocery Market is conducted covering various organizations of the industry from different geographies to.
Data: Top 20 retailers by UK online sales By Philip Wiggenraad 2017-04-04T06:15:00 Retail Week Prospect’s league table of the largest retailers by UK online sales does not throw up many surprises, with Amazon continuing to lead the way, well ahead of Tesco.
Market share battles look set to intensify as a result. Grocery market share remains a function of branch network penetration. Tesco has by far the biggest market share (circa 29%) because it has the largest main grocery network. Because of that it also has by far the largest click and collect platform (and reportedly circa 50% of online.
With Tesco recently announcing major plans to take on online grocery leader, Amazon, the growth and strength of the UK online grocery market has never been more apparent. The UK’s biggest grocery market shareholder plans to achieve what was not long ago deemed the impossible, extending same-day online delivery service to 99% of UK households.