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SuperValu Hits €2.6 Billion Of Sales, Plans Expansion

Published on Feb 22 2016 6:59 AM in Retail tagged: Featured Post / SuperValu / Musgrave Group

SuperValu Hits €2.6 Billion Of Sales, Plans Expansion

SuperValu, part of Ireland’s Musgrave Group, has announced retail sales of €2.6 billion for 2015, which it has described as a ‘new milestone’ for the brand.

Announcing the results, SuperValu said that it intends to invest around €28 million in its business in 2016, opening five new stores and engaging in store redevelopments.

Commenting on the results, SuperValu managing director Martin Kelleher said, “We are pleased to announce that we have achieved a new sales milestone in what is a highly competitive marketplace.

“The fact that we are the largest grocery retailer in Ireland clearly illustrates that we have the best offer in the market, with consumers responding to our commitment to fresh food leadership and opting for locally-sourced, quality Irish food and in-store expertise.”

In an interview yesterday with Newstalk, Kelleher added that the group sees opportunities to grow in Dublin, which will form part of the group’s expansion this year. However he added that he does not feel that there are many acquisition opportunities available in what is “quite a saturated market”.

“I don’t see huge acquisition opportunities for any of the major retailers,” he told Newstalk.

Online shopping has been a success for SuperValu in 2015; growing by 32% for the last six months of the year, and seeing its online customer base grow by 23.6%. The SuperValu Online Shopping App had 129% more downloads and visits to SuperValu on mobile phones increased by 37% in 2015.

© 2016 - Checkout Magazine by Stephen Wynne-Jones

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