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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Aug 11, 2017 1:52:22 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.

 

 

Irish Economy's 'Lost Decade' ends, says Goodbody

Ireland's 'lost decade has ended' as the Irish economy and domestic spending will return to its previous 2007 peak this year, according to the quarterly Irish Economy Health Check, published by Goodbody stockbroker.

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Irish household spending continues to rise in July – Visa

Irish household spending has risen steadily for the past three months, according to Visa's Irish Consumer Spending Index. The survey shows spending across all payment types – cash, cheques and electronic payments –increased by 2.5% year-on-year in July, up from +1.8% in June.

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Irish people back splashing the cash as spending jumps nine per cent from last year, new figures reveal

Irish people are back splashing the cash after spending on hotels, bars and restaurants shot up by more than nine per cent on the previous year. Massive Croke Park gigs by Bono’s U2 and Coldplay last month saw the hospitality industry record the fastest increase.

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Irish retail sales grow 3.7%, however retailers remain cautious

Irish retail sales grew 3.7% in the first half of 2017, compared to the corresponding period last year, according to Retail Ireland, a representative firm for the sector. However, the group also highlighted 'growing concern' amongst retailers that the 'sector’s competitive position is being undermined as costs increase'.

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Deflationary pressure eases for grocery retailers, report shows

Retail sales figures for supermarkets and convenience stores is the early signs that deflationary pressures are easing, according to the latest Retail Monitor, published today by Retail Ireland.

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Retail group calls for tax cuts as it warns on high costs

Retailers have warned competitiveness is being eroded by higher costs, including Government-dictated charges such as commercial rates, the minimum wage, and levies attached to utilities. Retail Ireland, the Ibec group that represents the retail sector, said there is growing concern in the…

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Irish retail workers strike for secure hours

In Ireland the retail sector employs 1 in 7 workers—and their fight for a living wage, secure hours, and union rights is heating up. Recent strikes at the country’s largest private sector employers, Tesco and Dunnes, have grabbed headlines and working-class support.

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IGBF Launches The Grocers Fun Run Initiative

The Irish Grocers Benevolent Fun (IGBF) has launched a new initiative - the Grocers Fun Run', according to a statement it issued today (9 August.) Sponsored by Keelings, the inaugural Grocers Fun Run will be held in Corkagh Park, Dublin on Sunday 8 October 2017.

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Excise rates on beer second highest in EU: IBA

Irish consumers pay the second highest rates of excise on beer in the European Union, eleven times greater than beer drinkers in Germany, according to the Irish Brewers Association (IBA), annual Beer Market Report for Ireland.

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Irish brands triumph at 2017 Great Taste Awards

Great Taste is the world’s largest and most trusted food and drink awards initiative, whose highly respected seal of approval is recognised globally. This year, a panel of 500 industry experts were tasked to judge 12,366 top quality products, to which they awarded 4,347 star ratings.

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Lidl boss targets 200 Irish shops in €700m expansion

German retail chain Lidl could boost its footprint in Ireland to as many as 200 stores in a move that would probably involve an investment of at least €300m. The spend is in addition to the €400m the company is investing in its network here between 2016 and 2018, which includes the €80m cost…

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Tesco becomes largest contactless retailer in Ireland

Tesco has become the largest contactless retailer in Ireland, with the installation of more than 2,200 contactless payment terminals across the country. The retailer completed a national roll-out of the technology to all of its 149 stores earlier this year, and now its customers complete an average…

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Ad of the Week: Tesco’s Family Makes Us Better

Tesco Ireland has launched its latest campaign as part of a €3.2m investment that will be rolled out on TV, outdoor, digital, radio, social, digital as well as on all Tesco-owned assets including in-store and home-shopping vans.

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SuperValu wins 31 awards at Great Taste Awards

SuperValu was the big winner at this year’s The Great Taste Awards, taking home an impressive 31 awards. SuperValu Crème Fraiche was awarded three gold stars, making it the highest ranked own-brand product by an Irish retailer.

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Eurospar in bid to save lives by installing AED at every store

EUROSPAR shops in Cork have joined forces to launch a life-saving initiative for local communities. Shops in Skibbereen, Whitegate and Dunmanway are just some of those on board with a new community initiative that will see a defibrillator installed at every Eurospar supermarket in Ireland.

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Spar Ireland promotes healthy lifestyle through spar FitLive running series

A Spar-sponsored running event took place recently in Dublin’s Phoenix Park. Over 3,000 people participated in the 5 and 10k races, many of whom were taking part in an official run for the first time.

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Avoca drives 31% growth at Aramark Ireland

US catering services giant Aramark’s Irish unit posted almost 31 per cent profit growth in its last financial year, boosted by the impact of its more-expensive-than-reported €60 million acquisition of Avoca Handweavers.

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Next shares climb on surprise online clothes boost

Clothing retailer Next returned to sales growth in its latest quarter, helped by warm weather in June and July and a surge in online sales, sending its shares sharply higher. The stock, which had fallen 20% over the last year, rose up to 12% after Next also edged up its sales guidance for the full 2017-2018 year and maintained profit guidance.

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Toymaster to open new store in New Ross, Ireland

The toy shop is opening at Deegan's, a retail location that has been trading since 1921. Toymaster has announced the opening of a new store in New Ross Ireland, at the Deegan's retail location, which has been trading on the high street since 1921.

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Forecourt retailer Applegreen buys UK sites for £21m

The stock market-listed Irish forecourt retailer Applegreen has purchased a network of seven sites from the Carsley Group in the UK for £21m. The sites consist of six service areas and one petrol filling station.

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Supermarket’s grand gesture to day centre

Age NI’s Anna House Day Centre in Dunmurry got a welcome boost from retail firm Lidl Ireland this week - a generous £1,000 donation. As part of the Lidl Community Works programme, the supermarket chain is choosing a ‘Charity of the Week’ every week for a year. And each good cause will receive a donation of £1,000.

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More pain for Asda as sales and profits plummet

The Walmart-owned firm, which has 17 stores in Northern Ireland, saw sales drop 3.2% to £21.7bn in the year to December 31, while pre-tax profits crashed almost 19% to £791.7m. Like-for-like sales, meanwhile, also plummeted by 5.7%, according to accounts filed at Companies House.

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New Look's profits down by over 60% amid tumbling sales

High street chain New Look, which has around 20 stores across Northern Ireland, has revealed tumbling sales and earnings in a "difficult" market. The fashion retailer warned trading would remain under pressure into 2018.

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Topics: Retail