As Tesco releases its annual results, Senior retail analyst Nick Gladding shares his initial thoughts on today’s numbers and what they tell us about the direction of travel at the UK market leader. Strong performance across the group drives sales and profits Group sales growth of 3.0% in the year to February 2022 is undoubtedly impressive against highly challenging pandemic elevated compara...

Contract caterer, Compass has launched a checkout free food-to-go format at the new headquarters of the leisure group, Flutter, which operates brands including Paddy Power and Betfair. Located at Clonskeagh, south Dublin, the new store called Market X provides one of the on-site food concepts available to the 1,700 employees at the complex. As well as Flutter employees the store is also accessibl...

Sales in the Irish market declined 6.4% in the 12 weeks to 23 January, according to the latest results from Kantar. Despite the decline, sales remained elevated compared to pre-pandemic levels, with market growth at +11.2% versus 2020. Shopping habits are returning to normal Shoppers are buying more than pre-pandemic when they do visit supermarkets. Spend was up 13.3% on each trip compar...