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Irish Retail at Glance

Irish Retail at Glance

Posted by Maria Diaz on Aug 16, 2017 6:12:56 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.

 

Irish consumer sentiment hits strongest level since February 2016

Confidence about the general economic outlook among Irish consumers rose in July with the consumer sentiment index produced jointly by ESRI and KBC Bank hitting the strongest level since February 2016, reported Irishtimes.com

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Ibec forecasts strong growth in economy

Ibec’s latest Quarterly Economic Outlook report has been published, illustrating a strong labour market which promises to underpin the buoyance of the domestic economy. Despite this positive outlook, the report also warns about Brexit-related challenges that are almost certain to remain for exporters.

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Half of all money spent with debit and credit cards is used for online shopping

Almost half of all the money spent with debit and credit cards is used for online shopping the latest figures from the Central Bank of Ireland have revealed. Internet shopping makes up half of the transactions made with credit cards, and just over a third with debit cards.

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Irish consumers are hunting sale bargains as they become increasingly cautious about personal finances according to new report

Irish consumers are hunting for more sale bargains as they become increasingly cautious about their personal finances, according to a new report. This bargain hunting is part of the “new normal” for consumers here as they opt for “careful rather than conspicuous” consumption to keep control of their purse strings.

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Physical stores found to boost online growth – Study

A new study has unveiled the symbiotic relationship between a brand’s physical stores and its ecommerce platform. The study by British Land, using data from Connexity Hitwise, found that when a new store opens, traffic to the retailer’s website from the surrounding postal area increases by 52% on average within six weeks of opening.

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Rise of online shopping prompting innovative response from retail landlords

The world's first mobile phone call was made on April 3, 1973, when Martin Cooper, a senior engineer at Motorola, called a rival telecommunications company to let them know he was speaking via mobile phone.

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Drinks Industry worried about post-Brexit duty-free sales

The National Off-Licence Association of Ireland has asserted that the sale of duty-free alcohol in the UK post-Brexit would spell "disaster" for the Irish drinks industry. The Irish Independent reports that the Association is concerned about the implications of Irish residents stocking up on duty-free…

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Retailers offered online sales seal

Irish retailers can now avail of funding from their local enterprise offices to obtain the eCommerce Trustmark. The eCommerce Trustmark, which costs €300 per year, is designed to provide confidence to online shoppers throughout EU Member States.

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Over 8 in 10 reviews 'Best Before' date before purchasing products

When it comes to the type of information being reviewed by customers before purchasing everyday grocery items, just over 8 in 10 (82%) will review the “best before” date on the product, with a similar proportion (80%) reviewing the “use by” date.

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Butter prices reach 'all-time' high following demand increase

Butter prices in the European Union have reached an all-time high this summer. Irish supermarkets have said they intend to 'minimise the price' of butter inflation following the news that the price of butter has soared following a 'global increase in the demand for dairy fats'.

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2017 National Food and Drink Conference and Exhibition launched

Details have been announced for the 2017 National Food and Drink Conference and Exhibition in Dublin, which will bring together some of the industry's biggest names to share thoughts and ideas on the state and future of food and drink retailing in Ireland.

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Lidl Ireland commits to donate 1m meals to charity by 2020

Lidl Ireland has today committed to donate 1 million meals to Irish charities by 2020 in conjunction with FoodCloud, according to a statement it issued today (15 August). The German retailer has said that it has partnered with hundreds of local charities who will benefit from the store’s surplus food.

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New Lidl will be built in heart of Douglas

Planning permission has been granted for a new Lidl supermarket in the heart of Douglas village. Planners in County Hall have given the go ahead for the development which will be located in an area called Barry’s Field off the Carrigaline Road to the rear of the car park for Barry’s Bar and Restaurant and bordered by the cemeteries of St Lukes and St Columba’s churches.

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Hotel Chocolat to open first Irish store in Dundrum Shopping Centre, Dublin

One of the UK's most popular chocolate cafes is coming to Ireland for the first time, and will open in Dublin. Hotel Chocolat will open its doors in Dundrum Shopping Centre in October and will cover an area of 102sqm in a location beside Zara and Hugo Boss, Dublin Live report.

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No Mickey Mouse operation as Disney store profits bounce back

Disney's only main street retail store in Ireland - on Dublin's Grafton Street - got a spoonful of sugar last year as it posted a €204,000 profit. That reversed a €56,000 loss in the previous year, according to newly-filed accounts for the business here.

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Northern Ireland footfall continues to decline in July

Consumer footfall in Northern Ireland fell by 2% in July, which represents a slight improvement compared to the drop of 2.6% in June, according to the Northern Ireland Retail Consortium (NIRC). However, this is below the three-month average of -0.9% and the twelve-month average of -0.7%.

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One in every seven retail premises in North currently empty

One out of every seven retail premises in Northern Ireland is currently empty, according to new statistics which also show there was a further slump in the number of people who went shopping last month.

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New jobs on the way as Lidl re-develop Magherafelt store

Around 10 jobs are expected to be created with the redevelopment of the Lidl store on the outskirts of Magherafelt. Mid Ulster District Planning Committee has given permission for the demolition of the existing store at Castledawson Road and its replacement on the same site with a new and more modern store.

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Retail chain The Range to create 80 jobs with new Connswater store

Home and garden retail chain The Range has announced it is set to create 80 jobs at its new store in the Connswater Shopping Centre and Retail Park. The retailer, which also operates in Ballymena and Derry, is set to open a 65,000 sq foot anchor store at the complex later this year it has been…

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Musgrave MarketPlace invests £1.1 million in Duncrue Cash & Carry

Irish wholesale retailer Musgrave MarketPlace has announced that it is investing £1.1 million to upgrade its Belfast-based Duncrue Cash & Carry. The revamped 52,000 square foot store will be reopened in October, featuring hundreds of new products, an equipment area showing an extended range, and specialist meat, cheese, fruit and vegetable counters.

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Retailer Cath Kidston on the up with £800,000 profit

Cath Kidston, which has one store in Northern Ireland, has swung into profit after sales at its overseas business helped mitigate the impact of the collapse in sterling following the Brexit vote.

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Topics: Retail