Tesco closes gap as grocery market sales increase 4%

Consumer spending on grocery products enjoyed a further strong rise in the past three months; a period also notable for Tesco Ireland further eating into SuperValu’s market share lead.

Latest data from consumer insights agency Kantar Worldpanel shows grocery sales grew by 4%, on a year-on-year basis, during the 12 weeks to May 22; marking a third consecutive quarter of similarly strong gains.

“Consumers are making more frequent visits to supermarkets, averaging an additional four trips in the latest 12 weeks compared with last year and driving volume growth across the market.