Irish supermarket group SuperValu has recorded a 5% increase in sales to E1.82bn for the year to December 31 and has even beaten Tesco to record the biggest market share growth of any retailer in the Republic last year.
The chain, which is made up of 171 independently owned supermarkets, gained an 0.8% share point growth, giving it an end-of-year 19.7% slice of the Irish grocery market, according to the latest figures from TNS. For the 12 weeks to January 29, its share was 20%, a gain of 1.1% against the previous year.
At the last count, market leader Tesco's share of Ireland's till roll was 26%, although the retail giant's latest figure has yet to be revealed.
Donal Horgan, MD, Musgrave SuperValu-Centra, said that the growth was impressive against a backdrop of falling food prices and growing competition. He added: "SuperValu continues to differentiate itself by strength in fresh food, our consistent keen value offer and the expertise of the local owner."
Horgan said SuperValu intended to invest E40m in new store development this year.