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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Jan 11, 2018 2:48:56 PM

CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. 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.

 

Consumer spending for 2017 ends on a high

Visa has published its final Consumer Spending Index for 2017, which shows a 4.9% year-on-year increase in spending for the month of December. Coming subsequent to a 5.1% increase in November, it illustrates ten successive months of consumer spending growth.

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Shops miss out as consumers splash the cash on online sales

Shoppers increased their spending in December, but it was mainly driven by a rise in online sales. Expenditure in shops was flat last year compared with 2016. Spending in shops grew in the final months of last year, but for 2017 as a whole it was unchanged, according to Visa's Irish Consumer…

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Irish consumers remain cautious in December

Irish consumers remained cautious in December as they continued to see limited upside in their personal finances from the country's long-running boom, a monthly survey showed. Ireland is expected to have been the European Union's best performing economy for the fourth consecutive…

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Black Friday drives retail sales in November

A jump in the sale of electrical goods ahead of Christmas linked to the annual Black Friday shopping spree boosted retail sales in November. Figures from the Central Statistics Office (CSO) show there was a 14.5 per cent increase in sales of electrical goods during the month, which included…

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Irish annual retail sales up 6.8 percent on bumper "Black Friday"

Irish retail sales volumes jumped 2.6 percent month-on-month in November, data showed on Friday, with another bumper round of trading around “Black Friday” pushing annual sales growth to a 16-month high of 6.8 percent.

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Ireland retail sales rise in November

Ireland's retail sales increased for the first time in four months in November, preliminary figures from the Central Statistics Office showed Friday. The volume of retail sales climbed 2.6 percent month-over-month in November, after remaining flat in the previous month.

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Rates: the key to saving physical retail in an online world?

Commercial rates have long been a bugbear of retailers, who claim the charges decimate their bottom lines. So here’s a novel idea from James Daunt, the managing director of the bookselling chain Waterstones: in the age of online shopping, simply abolish rates for bricks and mortar retailers and adjust VAT to plug the gap.

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How Brexit will hit you when shopping in Penneys or M&S

Last month saw an agreement reached between the EU and the UK, which involved a commitment by the UK to avoid a hard border on this island. However, British ministers still say they intend that the UK will leave the customs union – something that is incompatible with a soft or non-existent border.

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The world of payments is changing and Ireland has the ability to lead the way - Visa Ireland chief Philip Konopik

The payments landscape in Ireland is changing as consumers continue to replace cash with card, app or mobile payment in their retail, transit and service transactions. Retailers are being forced to reassess how flexible their own payment acceptance methods are as their customers' behaviour…

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Why are Easter eggs already on sale in Irish stores?

Christmas had not been put to bed yet before some stores began putting Easter eggs on their shelves over the past week or so. Easter Sunday falls on April Fool’s Day this year meaning that, as of today, it’s 12 weeks away. For some this is far too early to be thinking about Easter.

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Is Black Friday just a ruse to benefit big US retailers?

Adopting “Black Friday” and “Cyber Monday” may prove something of a pyrrhic victory for retailers here. These US promotional events appear to be displacing consumer spending to an earlier point in the Christmas shopping calendar without generating any additional spending.

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ABFI annual report shows Ireland’s strengths in drinks industry

A new analysis by the Alcohol Beverage Federation of Ireland (ABFI) says that the drinks industry is a great Irish success story, with innovation at its core. The analysis found that in 2017 the industry continued to be a major contributor to economic activity across the country.

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Just Eat predicts that vegan will be the food trend of 2018

Just Eat has predicted that vegan food options are set to be the food trend of 2018, driven in part to an increase in demand from image and health-conscious, social media-savvy consumers. The online takeaway delivery service says there was a staggering 987% increase in demand for vegetarian options last year.

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Tesco promotes healthy snacking campaign

UK retailer Tesco has announced that it is backing a new public health campaign, Change4Life, in an effort to help customers and colleagues eat healthier in the new year. For the month of January, Tesco stores will feature point-of-sale materials promoting healthier kids’ snacks, featuring the Change4Life branding.

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Fresh food drives record Christmas at Tesco

Tesco experienced its highest rate of market share growth in the Republic of Ireland for five years, contributing to the retailer recording its best ever Christmas sales. In the Republic of Ireland sales were up 4pc during the Christmas period, while sales were up 3.3pc overall in Ireland in the three months to 31 December.

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Tesco Ireland sales up 4% over key Christmas period

Tesco Ireland said that sales during the key Christmas trading period rose by 4% on a like-for-like basis compared to 2016. The supermarket group said that over the 19 weeks to January 6, it had experienced the highest rate of market share growth in Ireland for five years with like-for-like sales…

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Tesco Ireland donates 40 vans to charitable groups

Tesco Ireland has donated 40 grocery home service vans to charitable groups across the country, as part of its No Time for Waste campaign which aiming to minimise food waste and increase surplus food donations nationwide.

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Lidl books record sales rise over Christmas

LIDL has claimed it was the "fastest growing supermarket" over Christmas after booking record festive sales. The German chain said sales rose 16 per cent in December as it experienced its highest ever footfall. December 22 marked a record trading day in Lidl UK's history, the group said…

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Aldi pushes through £10bn sales barrier in Christmas retail rush

Aldi last month pushed through the £10 billion sales barrier in its UK and Ireland stores for the first time as festive shoppers snapped up luxury products and cut-price vegetables. Irish cream liqueur, mince pies and beef roasting joints were top of shopping lists, with the German discount…

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Leading Irish supermarket confirms it will pay all staff the living wage

A leading Irish supermarket has confirmed it will pay all staff the so-called 'living-wage' of €11.70 an hour. German supermarket retailer Aldi has the new minimum rate of pay for its Irish staff. The rate of pay matches the living wage rate recommended by the Living Wage Technical Group, and makes…

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Poundland enjoys best Christmas sales ever

Discount retailer Poundland has unwrapped record Christmas sales as shoppers snapped up festive decorations and budget stocking fillers. Sales jumped by a fifth to £59m in the week before Christmas compared to last year, helping the chain to its strongest ever festive performance.

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Debenhams warns over profits after festive trading blow

Department store chain Debenhams has warned over profits after it slashed prices to boost flagging sales over the festive period amid "competitive and volatile" trading. In a trading update brought forward from next week, the retailer said UK like-for-like sales tumbled 2.6 per cent in the 17 weeks to December 30, with overall group sales down 1.8 per cent.

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High street has a future, insists boss of Next after rally in sales

Fashion chain Next, which has around 20 stores in Northern Ireland, has posted a surprise rise in sales over Christmas and upgraded its profit forecast as the retailer's chief executive insisted the high street still has a future.

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Fears for House of Fraser after bid to reduce rents

Fears are growing for the financial health of department store House of Fraser after the company wrote to its landlords in a bid to reduce rents. A company spokeswoman said the company has written to its landlords asking for "their support" to reduce rents ahead of the publication of its…

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Forever 21 to close its only Irish store

US youth fashion retailer Forever 21 is to close its Irish outlet in Dublin’s Jervis Centre, with the loss of 82 jobs, having racked up losses of more than €40 million since it opened in 2010. While the chain continues to trade at the Henry Street store, it’s understood that it has agreed to terminate its lease…

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Wilton Shopping Centre set for €100m redevelopment

One of Ireland’s first suburban shopping centres is set for a massive €100m redevelopment. Details of the revamp of Wilton Shopping Centre on the southside of Cork City will be unveiled by complex owners, Clarendon Properties, at a public meeting tonight.

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Two retailers ready to move into former BHS store in Belfast

The former BHS store in Belfast city centre is due to get a facelift and will be split up to take on at least two new businesses, it has emerged. A fresh planning application shows the large retail site, left vacant for more than a year, will be divided up, along with new signage and a facelift.

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