M&S overtakes Waitrose as grocer to Middle England [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
Unpublished market data seen by The Telegraph shows M&S has outsold its rival over the past four weeks, as well as outstripping every other supermarket in sales growth. The data, collected by Kantar, showed M&S held a 4.03pc share of the grocery market for the four weeks to Nov 3, compared with 3.76pc a year earlier. Meanwhile, Waitrose's share declined to 3.91pc during the same period, down from 4.02pc a year ago. It marks the first time ever that M&S has overtaken Waitrose outside the Christmas period, when figures are skewed by higher spending on food-to-order for the party season. The retailer also posted the biggest sales rise of any of the supermarkets during the period. Sales surged by 11pc versus a year earlier, compared with 6.9pc growth at Lidl, 6.3pc at Sainsbury's and 5.8pc at Tesco. Waitrose, meanwhile, grew sales by 1pc in the period, only outpacing Asda and the Co-op. It will be viewed as a breakthrough for Stuart Machin, chief executive of M&S, who has been
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