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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Surovit Roy on Jul 12, 2017 5:31:52 PM
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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.

 

Toothpaste most frequently bought personal care item

Toothpaste is one of the most frequently purchased personal care items amongst adults with almost 7 in 10 (68%) claiming to purchase once a month or more often and 3 in 10 (28%) buying once every 2-3 weeks. This research, conducted on behalf of Retail Intelligence by Empathy Research, amongst a nationally representative sample of 1,004 adults aged 18+...

 

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Shop prices fall by lowest rate in almost four years as rising costs add up

SHOP PRICES have fallen at their shallowest rate for over three and a half years, with the weak sterling and rising costs taking its toll at the till. Overall shop prices in June were down 0.3 per cent year-on-year, the shallowest deflation rate since November 2013, according to the latest British Retail Consortium-Nielsen Shop Price Index...

 

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Anti-drink law will cost media €20m a year and risk jobs

Proposed restrictions on the marketing of alcohol will cost the Irish media sector an estimated €20m a year and endanger jobs, according to new research for the sector. That is despite international research indicating that the restrictions won't reduce alcohol abuse, according to the report by economist Jim Power...

 

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Irish Whiskey Demand Continues to Increase

“Irish whiskey is experiencing exceptional growth around the world with almost 200 bottles being sold every minute. The leap in sales over the last year is a testament to the quality and craftsmanship of Irish whiskey distilleries around the island,” said William Lavelle, Head of the Irish Whiskey Association...

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Retail Ireland Calls For 'Urgent Reform' Local Authority Rates System

The policy report, entitled Tackling the rates burden, points out many of the flaws within the current local authority rate procedure, and also goes on to give solutions to those flaws. The report advises the government to make reforming the current system a priority, by introducing a Rates Valuation Bill.

 

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IRI Calls On FMCG Retailers And Manufacturers To Work More Closely Together On Data Collaboration

A new whitepaper from IRI calls on FMCG retailers and manufacturers to put aside their differences and work more closely together on key marketing and operational tactics such as pricing, promotional strategies and assortment in order to drive brand and category growth. IRI believes the industry should...

 

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Retailers Against Smuggling launch new campaign to tackle the illegal resale of tobacco purchased abroad

The campaign was officially launched by Fianna Fail TD Declan Breathnach – ahead of people jetting off on their summer holidays. He said: “It’s opportune this particular campaign is focusing on people going to and coming from the airport and ports. “Illegal importation of the illicit products undermines the retail trade...

 

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Retailers call for a 3% cut in VAT to combat Brexit

Retail Excellence has called on the Government to reduce VAT by 3% in Budget 2018 in an effort to protect retailers from the effects of Brexit. VAT currently stands at 23% and Retail Excellence said that high VAT rates affect consumer confidence and sentiment. 

It said this is further exacerbated by the negative VAT differential between Ireland and the UK...

 

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Grocery Market Share: SuperValu holds the lead – just

The latest grocery market share figures from monitoring agency Kantar Worldpanel have been published, covering the 12 weeks ending 18 June 2017. The figures show the highest overall market growth since January 2017, including the impact of the Easter season on consumers and retailers alike...

 

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SuperValu parent company announces increased profits for 2016

Food retailer and wholesaler Musgrave, who’s brands include SuperValu, Centra, Daybreak, and Mace, has today announced pre-tax profits of €73m for 2016. Profits have increased by more than €5m on the 2015 figures. Sales for the year were €3.7bn, and the company had net cash at year-end 2016 of €121m...

 

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Musgrave to ‘invest heavily’ in online shopping

Wholesale and retail company Musgrave is to “invest heavily” in online grocery shopping as Irish shoppers adjust their shopping habits, its chief executive has said. Chris Martin was speaking as the Cork-founded company announced profits before tax of €73m for the 2016 financial year. The SuperValu and Centra brand owner reported sales of €3.7bn...

 

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Marks And Spencer Group Reports 'Missed Estimates' For Food Sales

Marks And Spencer Group have reported 'missed estimates' for food sales and a 'fresh drop' in its quarterly clothing range.

Its same-store sales in the clothing and home division fell 1.2% in the 13 weeks ending on 1 July 1st, London-based M&S said today (11 July) having slumped by almost 9% in the comparable period a year ago, reported Irishtimes.ie...

 

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Lidl creates 65 new jobs in Dublin with the opening of two new stores

Lidl has created 65 new jobs with the opening of two brand new stores.

Today sees Lidl open its doors in Hanlon’s Corner in Cabra, whilst the Portmarnock store will open its doors to the public on August 3. John Paul Scally, Managing Director at Lidl Ireland commented: “Our two new openings in Cabra and Portmarnock will bring our total number of stores in the Republic of Ireland to 152 and our number in Dublin to 39...

 

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Local Linx project gets food boost from Tesco Ireland

Tesco has redistributed over 624,000 meals to charities across the city since the launch of its pioneering surplus food donations programme in partnership with FoodCloud in July 2014. The Linx Project in Ballymun is one of 59 groups registered and are actively benefitting from the programme on a daily basis...

 

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Seen & Heard: Sports Direct looks to buy Dunnes Stores outlets

Sports Direct, the UK sports retailer founded by Mike Ashley, has approached Dunne Stores, led by Margaret Heffernan, with a view to buying up to seven of the Irish retailer’s premises, according to a report in the Sunday Times.

Mr Ashley, who controls the Heatons department stores...

 

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SuperValu on top but Tesco close the gap

THE latest grocery market share figures from Kantar Worldpanel in Ireland, published for the 12 weeks ending June 18, show the highest market growth since January 2017. The latest figures reflect the impact of Easter on consumers and retailers alike, with the holiday falling outside of the comparable time period in 2016...

 

 

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Musgrave announces strong performance in 2016

Earlier this week, Kantar Worldpanel’s official supermarket share figures revealed that SuperValu had retained its top spot as Ireland’s most popular grocery retailer. On the back of that news, SuperValu’s parent company Musgrave announced its financial results for 2016, which revealed a strong performance from the company overall...

 

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Irish Retailer Applegreen Expands in South Carolina

Ireland-based Applegreen Convenience Stores has moved into the U.S. market with the acquisition of Bob Brandi Stations in South Carolina for $5.4 million. The Irish Times reported that Applegreen partnered with an institutional real-estate investor who will acquire property assets of the business for $70.1 million...

 

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Sainsbury's grocery sales rebound as it eyes Nisa

Supermarket giant Sainsbury's has hailed its best supermarket sales for years thanks to a change in its ranges and deals on popular summer foods such as British strawberries. The chain, which has 12 Northern Ireland stores, said like-for-like retail sales including the recently-bought Argos chain rose 2.3% in its first quarter...

 

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Topics: irish retail news, Retail