CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. Every Wednesday we share the recent announcements. 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 spending rises 6.1% in June
Irish household expenditure across all payment types (cash, cheques and electronic payments) was up +6.1% year-on-year in June according to Visa’s latest Irish Consumer Spending Index. The data shows that the pace of growth slowed slightly compared to previous months (+9.2% in May...
Parents cut back on food to pay back-to-school bills
It costs on average of €967 to send a child back to primary school and €1,474 for secondary school, with more than one in 10 parents cutting food bills in order to cover the costs. An Irish League of Credit Unions (ILCU) study found the money needed to get youngsters ready for the new term in...
Half Of Shoppers Buy Painkillers In Supermarkets
The battle between supermarkets and pharmacies is exceptionally fierce when it comes to personal care and oral hygiene products. However, with almost half of all grocery shoppers (49%) claiming to purchase painkillers in either SuperValu, Tesco or Dunnes Stores, aligned with almost a quarter...
Economy grew by 'dramatic' 26% last year after considerable asset reclassification
The economy grew by an enormous 26% last year, according to the latest figures from the Central Statistics Office. The figures are the strongest performance by Ireland in recent decades and compare to an estimate of GDP growth of 7.8% for 2015.
Retail and wholesale is the largest private employer in Ireland
The retail and wholesale sector is the largest private sector employer in the country, employing almost 275,000 people, 12.5% of the workforce according to latest Government figures. The retail sector suffered greatly in the recession, losing 50,000 jobs between 2008 and 2012, despite this...
Brexit Could See Return of 'Duty-Free' Shopping On the Irish Sea
The UK's decision to leave the EU may see a return of tax-free shopping on Irish Sea crossings between Holyhead, Wales and Ireland reports Daily Post.
New Iceland store in Coolock to create 35 jobs
Food retailer Iceland has created 35 new jobs with the opening of a new store in Coolock. The Northside Shopping Centre shop will be the chain's 12th branch in Ireland. Iceland offers customers over 2,000 branded products to choose from.
Argos research reveals Irish shoppers still favour quality in store experience
This year marks the 20th anniversary of Argos in the Republic of Ireland. The Irish shopper first experienced the catalogue giant on 21 January, 1996 when stores opened at Mary Street and Nutgrove in Dublin and Cruises Street in Limerick. 4 more stores followed that year.
Major revamp underway at Dunnes Stores Cornelscourt
Renovations are currently underway at the flagship Dunnes Stores Cornelscourt outlet in Dublin 18, as part of the retailer’s ‘Change is good’ programme. The new store will include concepts from the Alternative Bread Company, Sheridans Cheesemongers, Baxter & Greene and a James Whelan...
Brown Thomas in talks to double the size of BT2 in Dundrum - report
Luxury retailer Brown Thomas is looking to double the size of its BT2 outlet in Dundrum after entering into talks with the shopping centre's new owners, Hammerson. According to a report in The Irish Times, Brown Thomas is not alone in looking to expand its footprint at one of Ireland's...
Remaining Irish HMV stores to shut within months as retailer takes on Netflix giant
HMV is to launch a new online video-streaming platform offering 3,000 films in a move that will see it compete directly with Netflix. The films will be available to view on a purchase or rental basis, at prices similar to those offered by current online rental or purchase providers such as Apple.
Hammerson becomes major player with Dundrum deal
UK property group Hammerson has become one of the biggest players in the Irish retail sector after securing ownership of a number of assets that were owned and developed by Chartered Land, a company controlled by Irish developer Joe O’Reilly.
Dún Laoghaire shopping centre revamp gets the go-ahead
Planning permission has been granted for a €10 million redevelopment of theDún Laoghaire Shopping Centre that should be completed by the second quarter of 2017. The centre’s owner, Coltard, intends to create two large anchor stores fronting on to the Dublin harbour town’s...
A fifth of shopping centres in Ireland have been sold since 2013
Around 20 per cent of Ireland’s shopping centre stock has changed hands since 2013 and this includes six of the country’s top 10 centres in terms of size with a seventh, Blanchardstown, expected to transact shortly.
Marks & Spencer clothing sales slump, says too early to quantify Brexit impact
M&S said consumer confidence weakened in the run up to the June 23 European Union referendum but said it was too early to quantify the implications of Brexit and maintained its guidance for the 2016-17 year.
Retail brands TK Maxx, B&M Bargains and JD Sports sign up for Ards Shopping Centre
Three new anchor tenants are poised to set up shop in Ards shopping centre, effecting a £7 million investment in the complex which celebrates its 40th birthday next month. The new signings come on the back of major "reconfiguration works" and the creation of a 45,000 square foot unit...