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UK: Retailers have much to celebrate in Jubilee week

Supermarkets and grocery sores in the UK enjoyed the Queen's Diamon Jubillee celebrations recently. They took an extra £213 million in the week leading up to the Jubilee - an 11.3% rise on the same week last year.

Retailers are now hoping for a similar boos from the Olympics next month.

Upmarket Waitrose, along with budget retailers Aldi and Lidl, all saw the strongest growth in market share, but Tesco is still the biggest supermarket group, taking 31p in every £1 spent on groceries in the UK. Edward Garner, director at Kantar Worldpanel, said: "The remarkable growth rate recorded over the jubilee is a sign of what's to come during the Olympics when we expect grocery sales to soar."

In the build up to the diamond jubilee, retailers were keen to reveal trends in their sales. Waitrose boasted of selling 48m strawberries in two weeks, while Sainsbury's said it sold more salad packs and prepared fruit the Friday, 25 May, than on any Friday in its 143-year history.

Source: www.guardian.co.uk

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