Supermarket sales fall flat as golden quarter fails to fizz

Christmas supermarket

Supermarket sales growth for the 2019 golden quarter was the slowest since 2015 as a decline in the sale of traditional festive staples and a political hangover hit food retailers.

Sales across the wider grocery market grew just 0.2% in the 12 weeks to December 29, as a Conservative majority in the general election failed to result in consumers expanding their festive budgets.

Despite the fact that food retailers took a record ÂŁ29.3bn through the tills during the golden quarter, up ÂŁ50m from the previous year, the growth rate was still the most sluggish it has been for four years.

Some of the hardest-hit categories were “traditional and indulgent festive classics” with sparkling wine sales down 8%, Christmas puddings down 16% and even sales of turkey fell 1%, as consumers shifted from “whole birds to smaller and cheaper joints such as crowns”.

 

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