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Irish Retail at a glance for this week

Irish Retail at a glance for this week

Posted by Maria Diaz on Jul 30, 2014 4:30:30 PM

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CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. Every Wednesday we share the recent announcements. This is a one stop shop for all your Irish retail news. If you would like to receive our monthly newsletter which will include all Retail articles for the previous month, including “Retail at a Glance” subscribe today.

Irish Economy: Retail sales volume up 4.8% in year to June

Irish Economy: The CSO reported Monday that the volume of retail sales (i.e. excluding price effects) decreased by 1.7% in June 2014 when compared with May 2014 and there was an increase of 4.8% in the annual figure. If Motor Trades are excluded, there was no change in the volume of retail sales in June 2014 when compared with May 2014 and there was an increase of 3.6% in the annual figure. Retain sales turner ex-cars was up 2.1% in the 12-month period.

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31% of Irish consumers buy flavoured alcoholic drinks

Almost a third (31%) of Irish shoppers buy flavoured beverages such as fruit flavoured beers, ciders or spirits at least once a month, according to the latest Consumer Insights survey by Empathy Research.

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Retail Ireland: Retail sales are growing but must be encouraged through income tax reductions

Retail Ireland (RI), the Ibec group that represents the retail sector, has said that figures from the CSO demonstrate that sales are beginning to recover after years of decline. The Retail Sales Index shows that the value of sales, excluding motor and bar sales, rose by 2.5% compared with June last year. The volume of those sales rose by 4.5%, highlighting a trend that shows retailers are continuing to cut prices to drive custom.

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Nielsen: Consumer confidence in Ireland decreases

Nielsen has released its Global Online Survey for Q2, 2014 showing that globally, consumer confidence increased 1 pt on the last quarter to 97, while Europe’s score rose 2 pts to 77. Ireland’s consumer confidence, however, was shown to have decreased 1% to 81 this quarter, which means that Ireland now ranks 25th 'most-pessimistic' out of the countries featured in the study.

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Groceries in capital are among the most expensive in world

A recent survey of the price of household groceries in seven different international cities found that Dublin ranked as one of the more expensive cities to shop in. The prices showed consumers were asked to pay significantly more than our European counterparts.

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Still all to play for in Irish supermarket sweep

The Irish supermarket sweeps are as tough to call as the Grand National – one week’s hot favourite is the next week’s non-runner, as Tesco’s most senior executives will be all too aware this week.
Five years ago the British retailing giant’s growth in the Republic appeared to be unstoppable as it opened stores of all shapes and sizes and watched its market share grow to nearly 30 per cent.

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Irish Quality Food & Drink Awards Announce 2014 Finalists

Following a wave of entries and eight days of tough judging, the shortlisted products for the Irish Quality Food and Drink Awards have been announced. The 180 shortlisted food and drink products in 50 categories are now in with a chance to win one of the prestigious awards in a glittering ceremony hosted by TV chef and author Catherine Fulvio on 11th September in the Round Room, Mansion House, Dublin.

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Talking shop - Martin Kelleher on Superquinn takeover

Unlike Tesco chief executive Philip Clarke, who is stepping down after the retail giant was hit with a profit warning, he doesn't appear to fear for his future as head of Musgrave-owned SuperValu and Centra stores. "We very much have a set of values which think long-term in our investments. We're focused on what's right for the long-term rather than the quarter-on -quarter behaviour."

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Go-ahead for Aldi in Roscrea

An Bord Pleanála has given Aldi the green light to build a new store in Roscrea. The international retail chain, which operates over 100 stores in Ireland, had received conditional planning permission from North Tipperary Co Council to construct a single-storey discount foodstore at Gantly Road.

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Musgrave: Sales Decline Reports 'Factually Incorrect'

Musgrave has sought to correct reports at the weekend that suggested that sales at several of its former Superquinn stores have fallen 'by double digits' since the stores were rebranded as SuperValu outlets. On Saturday, the Irish Independent ran an article entitled '30pc fall in sales at some rebranded Superquinn stores', which suggested that sales have declined by 30% at its Blackrock outlet, by 14% at its Knocklyon outlet, and by 15% at its Ballinteer outlet, since the stores were rebranded as SuperValu in February.

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An Post plans up to 80,000 delivery boxes

The boom in online shopping has prompted An Post to plan providing up to 80,000 customers with delivery boxes for when they are not at home to receive their goods. Householders or businesses will be able to install them on their outside walls to allow larger items be left by the postman for quick collection, saving the hassle and cost of trips to local delivery centres for undelivered parcels.

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Joint North/South approach agreed to tackle UK retailers on beef issues

The Minister for Agriculture, Food and the Marine Simon Coveney met with the Northern Agriculture Ministers Michelle O’Neill MLA Dublin yesterday to discuss the current complex challenges facing the beef industry, including that of nomad cattle. They agreed to approach a number of key UK retailers to explore a way forward in addressing the issues affecting North/South trade in cattle, which is normally high at this time of year, and to help build confidence in the beef market.

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Prime retail rents on Dublin's Grafton Street on the rise again

It's not even a month since our Supreme Court ruled that the iconic cafe remains tied to its boom-time contract with landlord Ickendel Limited for another three years. Ickendel is controlled by developer Johnny Ronan and NAMA.

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Centra spends over €11.6 million in Donegal communities in 2013

Convenience retailer Centra spent over €11.6 million in local communities around its 15 stores across County Donegal in 2013. Centra’s ‘Community Impact Study’ shows this contribution is made through a combination of payments to local suppliers, acquisition of local business services, wages, charitable donations and local sponsorships.

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Tesco have €1m for good causes and want Westmeath to be involved

Tesco Ireland have announced the launch of Tesco Community Fund, which will see €1m donated annually to good causes throughout Ireland. TV presenter, Kathryn Thomas, met the store managers from Westmeath to support the launch of the initiative and is calling on good causes in Westmeath to get involved.

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‘Spar and Ray D’Arcy 5k’ with Letterkenny Athletic Club

Now in its fourth year, the Join SPAR and Ray for 5K series of lunchtime runs, in association with Athletics Ireland, will also take place in Athlone, Limerick, Cork and Dublin’s Phoenix Park. Speaking at the launch of this year’s Join SPAR and Ray for 5K series, Ray D’Arcy of Today FM said; “When we began these events four years ago I hoped to get a lot of people turned on to running, with the hope that it might be the start of something new for them – a new and healthy lifestyle that they will embrace for the rest of their lives.”

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Topics: Insights, Retail, Sales