Two-year low for grocery as spend declines

The grocery market has fallen by 1.3% — the steepest decline since Aug 2010 — in the 12 weeks ended Jul 8, according to share figures from Kantar Worldpanel.

Dunnes Stores and the Musgrave-owned SuperValu and Superquinn all lost market share in the Irish grocery market.

Of the major multiple retailers, only Tesco increased market share, which rose 1.7% to 28.7% in the period. Dunnes fell by 4.9% to 22.2%, Supervalu fell by 1.6% to 19.5%, with Superquinn falling by 10.1% to 5.5%