Millennials flash the cash
Nielsen Homescan (UK) research has concluded that millennial-led households are the fastest-growing spenders on grocery shopping, which includes wine. They are also held responsible for the growth of discounters such as Aldi and Lidl.
The overall grocery spend in Britain increased 2.7 per cent year-on-year. In households in which someone aged between 16 and 35 was the main shopper, it grew 7.9 per cent.
The average millennial household with children spends an extra £210 [$337] annually on groceries. Millennial households without children spend an extra £113.
Mike Watkins, Nielsen UK head of retailer insight, said:
“This is mainly due to millennials shopping more frequently and continuing to buy more per trip.
“This is down to the increasing number of local store formats which suit their ‘top-up’ lifestyle – and can include spending more on food consumed outside the home – much more than the big weekly trip to a large out-of-town store.”
Tesco on the rise
Staying with UK supermarket news, the latest grocery share figures from Kantar Worldpanel, for the 12 weeks ending October 9, 2016, show Tesco increased sales by 1.3 per cent.
This is the first period of growth Tesco has recorded since March 2015. The Tesco growth is ahead of the overall market, which was up 0.8 per cent on last year. Tesco now has a 28.2 per cent market share in the UK.
This has been the 27th consecutive period of grocery price deflation in the UK, though the rate is slowing and possible increases are being talked about.
The Hunter Valley is proving hot for property deals. The 22-hectare Hungerford Hill cellar door winery and vineyard at Pokolbin in the Hunter Valley has sold for more than $6 million, according to reports. The buyer is said to be Sam Arnaout, CEO of Iris Capital, a Sydney-based pub group and developer.
Of the leading 10 countries that send wine to the UK, seven reported a decline in sales in the off-trade sector for the 52 weeks to October 8, IRI reports say.
Australian sales slipped a slight 0.9 per cent but retained top spot, way ahead of Italy in second place, whose sales dipped 7.9 per cent.
The countries showing value growth were Chile, New Zealand and Argentina.