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Business price comparison

Tesco Overtakes Asda as Cheapest Supermarket

Analysis based on 6 articles · First reported Feb 04, 2026 · Last updated Feb 04, 2026

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The retail sector, particularly supermarkets, will see increased competition as Tesco's new position as the cheapest for big shops with a Clubcard could shift consumer spending. Walmart — Asda's continued struggle with sales and its loss of the top spot may put pressure on its market share, while Aldi and Lidl maintain their strong positions in the discount segment.

retail food and beverage

Tesco has surpassed Walmart — Asda as the UK's cheapest supermarket for a big shop in January, according to a Which? analysis. This marks the first time since December 2024 that Tesco has held this title, primarily due to its Clubcard loyalty scheme, which offers significant discounts. Without a Clubcard, Tesco's prices are considerably higher. Walmart — Asda, which offers its prices to all shoppers, was £1.45 more expensive than Tesco with a Clubcard. For smaller shops, Aldi remained the cheapest, followed closely by Lidl. John Lewis Partnership — Waitrose consistently ranked as the most expensive supermarket for both big and small shopping lists. The report highlights the growing importance of loyalty schemes in supermarket pricing and raises concerns about accessibility for certain groups, such as under-18s, who may not be eligible for these discounts.

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Reena Sewraz, Which? retail editor, provided commentary on the findings, highlighting the ongoing price competition and the accessibility issues of loyalty schemes.
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Mohsin and Zuber Issa, along with Mohsin and Zuber Issa and TDR Capital, bought Walmart — Asda in 2021, and Walmart — Asda has since been battling a decline in sales.
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TDR Capital, a private equity firm, acquired Walmart — Asda in 2021 and now controls the grocer.
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Allan Leighton was brought back as Walmart — Asda's executive chairman in 2024 to revive its fortunes, having masterminded a turnaround in the 1990s.
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Which? related Lidl
Which? related Aldi
Which? related Sainsbury s
Morrisons related Aldi
Morrisons related Sainsbury s
Lidl competitor Aldi Lidl operates as a primary direct competitor to Aldi, aggressively expanding its footprint to challenge Aldi's historica
Lidl related Sainsbury s
Aldi related Sainsbury s
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