Friday February 28, 2020

Inward Investor: Christmas season delivers mixed fortunes for Tesco and M&S

Food sales were a bright spot for rival retail giants and Irish suppliers, writes Tina-Marie O'Neill.

13th January, 2013
Tesco opened a new supermarket in Terenure last week, creating 34 new jobs. Photo: Barry Cronin

Irish food suppliers, including listed companies Greencore and Kerry Group, can take heart from the spate of trading updates coming out of the major British retailers last week, as food sales performed well over the holiday period.

The six-week Christmas retail season produced markedly differing fortunes for Tesco and Marks & Spencer - the two well-known British retail brands operating in Ireland - but food was a positive for both, as it was for most...

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