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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Sep 1, 2017 12:03:00 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.

 

Strong retail sales on back of discounts

Almost all retail sectors are enjoying strong sales growth, but for most this is coming at the expense of discounted prices, a report claims. Bars are an exception, however, with both volume sales and average prices rising, according to the study from Savills.

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Discounting has deepened in retail sector: Savills

Discounting has deepened over the last 24 months, according to Savills’ latest report on the retail market in Ireland. It outlined that while sales volumes are up by one third since January 2013, deflation has been a consistent theme across Irish retail for nearly five years.

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Car sales boost Irish retail figures by 11.9% in July

The volume of retail sales in Ireland increased by 2.1 per cent in the 12 months to the end of July. Compared with June, volumes increased by 11.9 per cent on a seasonally adjusted basis. According to data from the Central Statistics Office, the numbers were heavily boosted by transactions in the motor trade.

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Bars soaking up all the profit in the retail sector

Bars are the only retailers experiencing both sales growth and rising prices, according to a report by property firm Savills Ireland. The study of the Republic’s retail sector suggests while other non-bar retailers are experiencing sales growth, it is coming at the expense of discounted prices.

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Retail sector protection urged as sales stay volatile

A restoration of the standard Vat rate to 21%, greater help for retailers to trade online and a tackling of business rate levels have been called for as latest retail sales figures show continued volatility, writes Geoff Percival.

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Consumer sentiment up, business confidence down - BoI survey

Consumer confidence continues to rise but businesses appear slightly more pessimistic, according to the latest Economic Pulse from Bank of Ireland for August. Sentiment among companies softened in the month, according to the study, with thinner order books likely to lead to muted activity and hiring.

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Most Irish parents opt for stores that offer discounts

Almost 7 in 10 (69%) parents of children aged under 4, deem it very important that the grocery store they use most often have discounts and offers available in relation to baby products. Recent research carried out on behalf of Retail Intelligence by Empathy Research, amongst a nationally…

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Same as it ever was as Irish women are still stuck in the kitchen

Children need role models that show men and women are equal and that both sexes are capable of household chores, including shopping and cooking. Sexism and gender inequality are simmering away in Irish kitchens. The 2017 Periscope Report from Bord Bia shows that Irish women are still…

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Ireland most expensive country in EU for tobacco and alcohol

Research shows that Ireland is the most expensive country in the EU for alcoholic beverages and tobacco in 2016, according to consumer price level data from Eurostat. The report showed that alcohol and tobacco prices in Ireland is roughly 75% higher than the average price in the EU, reported Independent.ie

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Tesco and Aldi are fastest-growing grocery retailers

Tesco and Aldi were the fastest-growing grocery retailers in the Irish market in the 12 weeks to 13 August, according to new figures from Kantar Worldpanel. Both retailers had growth of 3.4% for the period. Despite the strong growth, Tesco remains the country’s second-largest grocery retailer, with a market share of 22.0%.

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SuperValu remains Ireland’s top supermarket, despite Tesco challenge

SuperValu remains Ireland’s top supermarket for the 12-week period ending August 13, despite a strong challenge from Tesco, according to the latest figures from Kantar Worldpanel. Retaining top spot with a market share of 22.2%, SuperValu held a 0.2% lead over Tesco in second place. Dunnes Stores made up the top three with a market share of 21.1%.

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Despite strong sales growth by Tesco, SuperValu retains top spot

Despite strong sales growth of 3.4% by Tesco, SuperValu has retained the position of Ireland’s largest grocery retailer, according to latest grocery market share figures from Kantar Worldpanel in Ireland, published today (29 August) for the 12 weeks ending 13 August 2017.

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Supervalu holds on to largest grocery retailer title, despite Tesco turnaround

The latest grocery market share figures from Kantar Worldpanel in Ireland, published today for the 12 weeks ending 13 August 2017, show that despite strong sales growth of 3.4% by Tesco, SuperValu has retained the position of Ireland’s largest grocery retailer.

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Aldi reduces small suppliers’ payment terms to 14 days

Aldi has announced today (29 August) that it has reduced its payment terms for small suppliers to 14 days. It said that the new terms apply to all suppliers that transact up to €300k worth of business annually with the German retailer.

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New Gala stores for Limerick

A total of 35 new jobs have been created with the opening of two new Gala stores, one in the Ashdown Centre in Courtbrack, the other at Ballysimon Road, the Limerick Leader reports.

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Strong start for new Iceland store

Over 900 people applied for 27 jobs in the new Iceland supermarket in Gorey, which opened last Tuesday morning. Store manager Rob Adamson, who hails from Ballygarrett, also revealed that business has been so brisk, that he has had to take on an additional six seasonal staff.

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XL store to get starring role in Ros na Rún

TG4 and BWG Foods, owners and operators of the XL brand in Ireland, have announced a new sponsorship agreement to open an XL store on the set of Ros na Rún. The agreement, which will run over three years, will see the introduction of a newly branded XL local "Siopa" to the Ros na Rún streetscape in the coming weeks.

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Dixons-Carphone commits to Ireland despite profit warning

Electrical goods retail group Dixons-Carphone moved swiftly yesterday to underline its commitment to its Irish operations after its shares sank on the back of a group profit warning. The group’s share price dived up to 30% after the retailer cut its full-year profit forecast…

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Just weeks before the new David Jones opens in time for Christmas the first new major retailer TK Maxx opens in Wollongong Central

Just weeks before the new-look David Jones opens in time for Christmas the first new major retailer TK Maxx starts trading in Wollongong Central on Thursday at 9am. As was the case in Melbourne when a new TK Maxx store recently opened a queue is expected before Wollongong Lord Mayor Gordon Bradbery officially cuts the ribbon.

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Penneys and discount supermarkets are making other retailers decrease their prices

While almost all retail sectors are seeing strong sales growth, the majority are reducing their prices to compete with stores such as Penneys and discount supermarkets, according to a new report. Savills’ latest report on the retail market in Ireland shows that sales volumes are up by one-third…

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More than 50 jobs created as new Smyths Toys Superstore opens its doors in Hedge End retail park

Up to 60 jobs have been created as a new toy superstore opened its doors in Hampshire. Smyths Toys Superstore has opened at Bradbeers Retail Park on Tollbar Way, Hedge End. The store held its opening weekend in style with a live DJ providing entertainment and children also enjoyed free…

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The Square Tallaght on sale for €233m

The sale of The Square Towncentre Tallaght has been formally announced today with joint agents Cushman & Wakefield and JLL quoting in excess of €233 million for the controlling interest within the centre.

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Four Swords stores among Ireland's 100 finest shops

Four Swords retailers have been named among the best 100 stores in Ireland in a remarkable achievement for the town and a positive note for the once declining Main Street which it seems, is back with a bang with three for the four successful local stores resident there.

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Fast-growing Lidl boosts share of the Northern Ireland market by 8.6%

Discount supermarket giant Lidl is again the fastest-growing grocer in Northern Ireland after boosting its share of supermarket spending by nearly 9%, according to latest figures. The German retailer, which has 38 stores in Northern Ireland, grew its share of the market by 8.6% in the year…

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Danish retailer Søstrene Grene opens second NI store in Newry

Scandinavian homeware and interior furnishings retailer Søstrene Grene has opened its second Northern Ireland stores in the The Quays Shopping Centre, Newry. The Danish retailer, who plans to open six stores across the north, already has a 4,512 sq ft Belfast store on Ann Street, which opened last year.

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Topics: irish retail news