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Amazon could overtake Tesco as as the UK's largest retailer

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Amazon could overtake Tesco as as the UK's largest retailer

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https://www.ascentialedge.com/press/ama ... sales-2025

Amazon to become UK's largest retailer by GMV sales by 2025

Amazon gross sales in the UK will reach £77.1 billion by 2025, beating the current market leader, Tesco, which is anticipated to grow sales to £76.1 billion over the same period.

Amazon is expected to account for a third of all UK chain retail sales added between 2020 and 2025, with compound annual sales growth (CAGR) of 16.3% for the five years 2020-2025.

The ecommerce giant will account for 15% of UK chain retail sales in 2025, up from 9.1% in 2020.

In terms of edible grocery, Amazon UK sales grew 17.6% in 2020 and ranked 19th of all UK grocers. By 2025, Edge by Ascential expects Amazon UK to become the 15th biggest seller of edible grocery products, surpassing Shell, McColls, BP and Wilko.

In edible grocery, discounter Aldi Süd will overtake Morrisons by 2025 with sales growth of £11.1 billion, compared to Morrisons (£10.8 billion) - pushing Aldi into the top 4 British supermarkets for the first time.

The UK retail market is expected to grow by £123.6 billion, reaching £500 billion by 2025, with more than half ( 57.4%) of added sales driven by ecommerce


*Data and forecasts from Edge by Ascential's syndicated retail research arm Edge Retail Insight

PRESS RELEASE


Edge by Ascential, London, 02 June 2021: Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with UK sales expected to reach £77.1 billion by 2025, reveals a report from Edge by Ascential’s syndicated research arm, Edge Retail Insight.

In 2020, Amazon UK’s total sales were £36.3 billion. Tesco’s sales were almost double at £64 billion.

By 2025, Edge predicts that Tesco sales will rise to £76.1 billion, representing CAGR growth of 3.5%. These numbers represent total sales. In the edible grocery category, Amazon still represents a relatively small player in the UK, despite growth of 17.6% in 2020 at the height of the pandemic when health concerns saw more people buying essentials online, many for the first time.

The United Kingdom retail landscape and go-to-market planning report, based on forecasts powered by Edge’s proprietary data analytics technology, suggests that Sainsbury's will hold on to its position as the UK’s third largest retailer, with CAGR sales growing by 4.5% to reach £42.2 billion by 2025. CAGR sales at Asda, which has recently been purchased from Walmart by the British owners of the EG Group, are expected to grow by 2.4% to £26.7 billion by 2025 to come in at fourth place by 2025.

The report analyses the performance of chain retailers and channels performance in the UK as of March and explores unique market characteristics to determine where suppliers should focus their investment to win in the market.

Both Tesco and Sainsbury’s recently reported bumper food and online sales in their full 2020-2021 financial year results, but costs related to the COVID-19 and adding to fulfilment capacity to meet a steep incline in demand, cut into earnings for both retailers. But both firms said they expected profit to bounce back next year, with the focus firmly on their online operations.

Edge by Ascential’s data forecasts Sainsbury’s Argos to be the fastest-growing leading player over the next five years, expanding at a 2020-2025 CAGR of 17.3%.

Read more at the link.
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