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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Aug 10, 2016 3:18:27 PM

irish retail

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 sentiment falls after Brexit

Irish consumer sentiment fell in July after Britain's vote to leave the European Union, posting its second lowest reading of the year in a survey on Wednesday. The authors warned that worse may be to come.

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Visa Europe: Irish Consumer Spending Grows *again*

Visa’s Irish Consumer Spending Index for July points to further growth in spending for the month of July. All payment types (cash, cheque and e-payments) are up by 6.4% year-on-year, which is an increase on the rate of growth in June (6.0%).

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Five-star reviews may not be key to success for internet retailers

Too many five-star product reviews do not help internet retailers, a new study shows. It appears that excellent reviews increase prospective customers’ expectations of the products, which makes them more likely to return them.

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Soft drink firms say sugar tax threatens jobs without improving public health

Soft drinks manufacturers claim a sugar tax could cost them €60m a year and cut revenue to the State while failing to improve public health. In a plea to Finance Minister Michael Noonan to abandon plans to introduce the new tax in the October budget, the Irish Beverage Council (IBC)...

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Families could face shopping bill hike if sugar tax imposed

Families could see increases of at least €60 a year to their shopping bills if a planned sugar tax is introduced, a report has claimed. It has also been suggested that the tax, which has long been proposed by the government as one solution to tackling obesity, will do little to curb the problem.

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Tesco And Dunnes Lead The Race Into The Back-To-School Period

The back-to-school battleground will be as fiercely contested as ever this year with almost half (46%) of all parents who have children attending school this year, claiming they will spend more in supermarkets in the run up to the new school year than they would have done previously.

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Tesco shelves plans for two new Irish stores

British supermarket chain Tesco has abandoned two expensive property developments in Ireland. It spent €5m securing land for new stores in Ballybofey and Letterkenny in county Donegal.

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Lidl is set to hire 600 staff in €100m expansion

Lidl, the German discount supermarket chain, is aiming to cement its growing share of the Irish grocery market by hiring an extra 600 employees over the next two years. The hires will be split between more staff for its head office functions and new positions for store workers...

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Discount retailer Dealz to open in former Epicurean Food Hall

The Epicurean Food Hall on Dublin’s Liffey Street, which closed earlier this year, is to reopen as a branch of discount retailer Dealz. Dublin City Council has in recent days granted planning permission for the former food hall, which occupies a large site of 868sq m, with entrances on to...

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Spar Select products finalists in prestigious awards

Ahead of the Irish Quality Food & Drink Awards, which take place next month at the Round Room in Dublin’s Mansion House, two Spar Select products have made the shortlist.

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Next sees no Brexit impact as sales gain

Clothing retailer Next reported a pick up in sales in its second quarter and said it had not seen a big impact on demand so far from Britain’s vote to leave the EU. Several surveys have reported a drop in consumer confidence following the shock Brexit vote on June 23.

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Profits slump at DIY retailer Associated Hardware

Pre-tax profits at retail hardware group, Associated Hardware last year fell 63.5% to €562,697. New accounts for the company show the drop in profit in spite of revenues rising 17% from €55.2m to €64.7m.

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Caffe Nero eyes up further expansion in Northern Ireland

Coffee chain Caffe Nero is eyeing up three new locations around Belfast as it continues to expand across Northern Ireland, it can be revealed. It now has around two dozen outlets in Northern Ireland.

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Topics: Retail