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Retail Intelligence: 58p Of Every £1 Spent By UK Shoppers Goes To Supermarkets – The Payments Council

February 17, 2013
Profitero
Written By
Profitero

An incredible 58p in every £1 spent by UK consumers goes to supermarkets, according to a new report by The Payments Council. Supermarket shopping now accounts for almost 60 per cent – or £181 billion – of the UK’s retail sales.

The figures are a huge increase from 2001 when supermarkets accounted for 46 per cent of all retail sales i.e. £101 billion. Over the decade, the large grocers have added numerous non-food product lines to grow sales and profit margins. Sales of petrol are also up – almost 33p in every pound spent on fuel is a petrol-related purchase.

The report also revealed that shoppers spent £58 billion on entertainment in 2011, an increase of £21 billion from 2001. Spending in DIY stores has dropped significantly over the decade – having halved since 2001. Shoppers can expect to more non-food categories introduced to supermarkets in future as part of the grocers’ plans for growing market share.

© 2013 Profitero

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About Profitero

Pricing intelligence company Profitero provides retailers with actionable price intelligence data, monitoring over 50 million products across 4,000 eCommerce retailers every day, observing pricing, promotions and stock availability. We work with the world’s leading retailers, enabling them to acquire new customers and grow profit margins by monitoring and responding to changes in competitor pricing and promotional activity as they happen. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com

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