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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 Sep 17, 2014 5:54:09 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.

Retail Ireland: Consumers Planning ‘Big Ticket’ Purchases In Next Year

More than a quarter (27%) of consumers are planning to make a ‘big ticket’ purchase in the next twelve months, according to new research conducted by Millward Brown for Retail Ireland, the Ibec group that represents the retail sector. The survey of 1,000 shoppers also showed that 40% of consumers have delayed buying big ticket items like cars and furniture over the last two years due to the impact of the recession.

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Retail sector 'benefitting from increase in number of full-time jobs'

The Irish retail sector is enjoying a positive knock-on effect as more jobs move from part-time to full-time status, according to a new report from property consultants Savills Ireland. “Overall, 76,600 new jobs have been added in net terms since the low point in Q1 2012, but the structure of employment growth has also been changing,” said Dr John McCartney, economist and director of research at Savills Ireland.

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Improving consumer confidence sees retail rents start to rise

The continued recovery in employment is translating into a positive knock-on effect on the retail sector, a new report from property consultants, Savills Ireland claims. However, the association representing retailers says that talk of rents rising ““is at best premature”.

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Despite increased optimism consumers still cautious

Irish consumers are generally optimistic about their prospects but remain cautious, according to the broad conclusion of a study of people's shopping habits carried out for Retail Ireland. Retail Ireland is the Ibec group that represents the retail sector.

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Irish shoppers still watching their euro

Irish shoppers' thrifty buying habits have become entrenched after the crash and it could take years before big-spending consumers make their way back to cash registers.  And it’s in the supermarket aisles where cash-strapped customers are watching their cents the most – with more than half planning to shop around for their groceries more than they are already over the next 12 months.

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Irish drink exports worth €1.4 billion

Irish drinks exports are worth €1.4 billion, with the drinks manufacturing sector exporting 45% of its total turnover, according to new research released by The Drinks Industry Group of Ireland (DIGI). The data comes from the 2012 Census of Industrial Production (CIP), published recently by the CSO. This shows that total investment by the sector was €118.4 million in 2012.

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ECR Ireland Study Finds Supply Chain Collaboration Between Trading Partners Is 'Poor'

A poll conducted by ECR Ireland in conjunction with PWC has found that while the proportion of sales from promotional activity remains high in-store, the level of sales forecast accuracy for said promotions is poor. The poll, which was presented at last week's ECR Ireland Supply Chain Summit, found that more than half (56%) of respondents reported that the proportion of sales from promotional activity was above 40% of volume, with 17% reporting that promotional activity accounted for more than 60% of volume.

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Survey finds close to half of retailers are 'disillusioned' with government performance

With the Dáil returning this Thursday, a study has found that one in two retailers are unsure whether the Government is ‘on the right track’ when it comes to reviving the economy. Ahead of the Food & Hospitality Ireland trade expo, which takes place at the Citywest Events Centre on Wednesday and Thursday of this week, Food & Hospitality Ireland teamed up with Checkout magazine and the CSNA to survey the opinions of retailers on the issuing affecting them today.

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Dunnes Stores and discounters top the Irish Quality Food and Drink Awards

Discounters Lidl and Aldi are both celebrating after a strong performance at the 2014 Irish Quality Food and Drink Awards, where they each scooped ten awards. Dunnes Stores also recorded an excellent performance with 11 awards overall, including the top Christmas Gold Q Award for its Simply Better Ham Glaze and Overall Gold Q Award for its Simply Better French Trimmed Connemara Hill Rack of Lamb. Tesco won six awards while SuperValu and Musgrave Retail Partners claimed a total of seven awards, not including the SuperValu Small Producer of the Year Award which went to On The Pig’s Back for its Chicken Liver Paté with Garlic & Brandy.

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Aldi creates 20 jobs at new Wexford store

Retailer Aldi has created 20 new jobs today in its new store on Newtown Road in Wexford Town. The store is Aldi’s third outlet in Wexford Town and seventh in Co Wexford. To celebrate the opening, customers were served up with free tasty breakfast treats from Aldi’s “Taste Truck” this morning.

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SuperValu signs €100,000 deal with Cork-based pate and terrine producer On the Pigs Back

SuperValu has signed a deal with On the Pigs Back, a Cork-based pate and terrine producer, worth €100,000. The deal will see two new jobs created at the company and further capital investment, as it extends its range across the entire SuperValu network.

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Tesco donates over 150,000 meals to local charities across Ireland since launch of FoodCloud partnership

Tesco has donated the equivalent of 150,000 meals or 70 tonnes of food to local charities across Ireland since the launch of its new partnership with FoodCloud. The initiative sees all surplus food from Tesco’s 146 stores redistributed to charities and community groups through the use of FoodCloud’s app.

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Topics: Insights, irish retail, Retail, retail news, Sales