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TESCO CONSOLIDATES LEAD OVER THE HERD

News, 01 February 1999

Tesco’s lead in the supermarket league table increased last year, according to the Institute of Grocery Distribution. In the year to June 1998, Tesco accounted for 15.6% of all UK supermarket sales, an increase from 14.9% the preceding year. The chain’s total revenues hit £89 billion, leaving nearest rival, J Sainsbury lagging with share reduced from 12.7% to 12.6%. The combined revenues of the top ten British supermarkets soared from 51.5% of UK food sales in 1990 to just over 60%.