Irish grocery growth reaches 3.5%
David Berry, director at Kantar Worldpanel, explains: “Over recent months the price of groceries has increased slightly, with an average basket now costing 2.7% more than this time last year.
Areas where we have seen the most significant increases include vegetables, fruit and beer – all major categories for the retailers.”
Among the major retailers Dunnes Stores has posted the strongest growth this quarter, with sales 5.8% ahead of last year. The retailer now captures 21.2% of the market, up from 20.7% this time last year.
While the outlook remains sunny for Dunnes, growth has slipped back recently: in May sales grew by 8%, and the retailer will be seeking a return to this strong performance for the rest of 2016.
SuperValu continues to post positive results with sales growth of 3.2%, maintaining its position as the number one grocery retailer for the 11th consecutive month.
Further welcome news for Ireland’s biggest supermarket comes in the form of boosted footfall: an additional 15,000 households shopped with the retailer in the past 12 weeks. Meanwhile Tesco remains in second place, although its market share has dipped to 21.8%. ■