Market Share
As of its 2006 year end Tesco was the fourth largest retailer in the world behind Wal-Mart, Carrefour and Home Depot. Tesco moved ahead of Home Depot during 2007, following the sale of Home Depot's professional supply division and a decline in the value of the U.S. dollar against the British pound. METRO was only just behind and might move ahead again if the euro strengthens against the pound, but METRO's sales include many billions of wholesale turnover, and its retail turnover is much less than Tesco's.
According to Kantar Worldpanel, Tesco's share of the UK grocery market in the 12 weeks to 18 March 2012 was 30.2%, down from 30.6% in the 12 weeks to 18 March 2011.
| Supermarket | Market share March 2012 |
+/- from March 2011 |
|---|---|---|
| Tesco | 30.2% | 0.4% |
| Asda | 17.9% | 0.6% |
| Sainsbury's | 16.6% | 0.0% |
| Morrisons | 12.3% | 0.0% |
| The Co-operative Food | 6.9% | 0.4% |
In terms of the wider UK retail market, Tesco sales account for around one pound in every ten spent in British shops. In 2007 it was reported that its share was even larger, with one pound in every seven spent going to Tesco.
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Famous quotes containing the words market and/or share:
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“One kind of justice is that which is manifested in distributions of honour or money or the other things that fall to be divided among those who have a share in the constitution ... and another kind is that which plays a rectifying part in transactions.”
—Aristotle (384–323 B.C.)