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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Feb 17, 2016 3:25:38 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.

Ireland reaches milestone with contactless transactions

New figures show one million contactless transactions are made in Ireland every week. Visa says contactless growth is accelerating the shift from cash to electronic payments. The contactless payment limit has increased from €15 to €30 since October last year.

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Grocery retail market continues strong growth into 2016

The Irish grocery retail market has continued its strong growth into the new year, with shopper spend increasing by 3.8% for the 12 weeks to the end of January. This compares with growth of 3.5% for the sector over the Christmas period.

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Irish grocery market continues rapid growth, as shoppers spend more

Latest figures show the Irish supermarket sector is continuing to grow, with consumer spend increasing 3.8% over the past 12 weeks. The share figures from Kantar Worldpanel in Ireland show SuperValu remains the number one retailer, capturing 25% of the grocery market.

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Independent grocery retail sector contributes €3.6bn a year to economy

Independent grocery shops contribute €3.6bn a year to the national economy and support 90,000 jobs around the country, a new report from economist Jim Power claims.

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Important New Rules for Retailers and Wholesalers Operating in Ireland

One of the final pieces of law introduced before the dissolution of the government was the Consumer Protection Act 2007 (Grocery Goods Undertakings) Regulations 2016 (the “Regulations”) that were signed into law on 27 January 2016 and apply to retailers and wholesalers in the State having a worldwide turnover of more than €50 million (“retailers”).

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Soft drinks: IBC dismisses ‘sugar tax’ as pre-election posturing

The Irish Beverage Council, the Ibec group that represents manufacturers and distributors of soft drinks, bottled water and fruit juices in Ireland, has condemned proposals from various political parties for a “sugar tax” as nothing more than pre-election posturing.

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UK beef sales face ‘another challenging year’

Currency exchanges, the mild winter and price-competitive poultry have all fed into the decline in value of UK retail beef sales, analysts claim. Retail beef sales in Ireland’s leading beef export market dropped 2.8% in value over the last three months in 2015.

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11 Irish supermarkets fined €300 for breaking price display rules

Figures released by the Competition and Consumer Protection Commission (CCPC) revealed that 11 retailers in Ireland were issued a fixed payment notices last year. Retailers who fail to indicate the price of products for sale can be issued with a fine of €300.

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Shop front grants up to €8,500 available in South County Dublin

South Dublin County Council has launched the shop front grant scheme for 2016, in a move to improve the appearance of independently owned shops fronting public streets.

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EU-approved online dispute service launched

A new EU-approved ADR (alternative dispute resolution) service has been launched with a view to protectin consumers’ rights when shopping online, and to resolve any disputes from the use of internet retailers.

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Women More Likely To Eat Healthy In January

According to the latest Consumer Insights report from Empathy Research, almost half (48%) of Irish adults took part in healthier eating regime this January, with females (57%) more likely to start such a regime than males (35%). In terms of age, 25-34 year olds had the highest percentage (52%), with 45-54 year olds having the lowest percentage (41%).

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MACE Hold Annual Excellence Awards

MACE stores across the country have been honoured for achieving exceptional standards in retailing at the 13th annual MACE Excellence Awards in association with EIQA (Excellence Ireland Quality Association)which took place in Killashee House in Co. Kildare.

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SuperValu Remains Ireland’s Leading Retail Brand

With the Irish economy now firing on all cylinders, the retail sector continues to grow according to the latest Kantar Worldpanel figures which indicate an increase in shopper spend of 3.8% in the 12 weeks to the end of January. This was up on the Christmas period which notched up a growth of 3.5%.

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Supervalu stays top while Lidl records 11.7% sales growth

Supervalu has retained its position as the top supermarket in Ireland with sales growth of 4.4 per cent last year, according to new figures from Kantar Worldpanel. The latest data showed shopper spend rose 3.8 per cent over the 12 weeks to the end of January, up slightly on the Christmas growth of 3.5 per cent.

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Lidl records double digit growth for fourth consecutive period

Lidl has now achieved double digit growth (11.7%) for the fourth consecutive 12 weekly period, according to the latest supermarket share figures from Kantar Worldpanel in Ireland, published today for the 12 weeks ending 31 January.

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Dunnes grocery sales up 5.1 per cent

The latest supermarket share figures from Kantar Worldpanel in Ireland, for the past three months, show strong growth has continued for the Irish grocery market following its impressive Christmas performance. Shopper spend has increased by 3.8 per over the past 12 weeks, a slight improvement on the Christmas growth of 3.5 per cent.

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SPAR FAI Primary School 5s Programme Kicks Off Nationwide

SPAR and the Football Association of Ireland today launched the 2016 SPAR FAI Primary School 5s Programme in the Aviva Stadium. The fun five-a-side schools competition is open to boys and girls from 4th, 5th and 6th class.

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Turnover at online retailer Littlewoods Ireland up 2.4%

Littlewoods Ireland, which recently embarked on a €2 million advertising campaign in a bid to boost sales locally, saw turnover rise by just 2.4 per cent in the year to the end of June 2015, according to newly-filed accounts from its parent Shop Direct Ireland Limited.

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Aldi suffers blow as rural store plan knocked back

Last year, Aldi, which is sponsoring high profile TV3 show 'The Restaurant' announced it would create 400 jobs with the opening of seven stores this year to add to its 122-strong network. Last August, Clare County Council gave the firm the go-ahead to build a new store on Abbey Street in Killaloe opposite the existing SuperValu in spite of local opposition from local retailers.

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Holland & Barrett Eyes Ireland Expansion

Health food retailer Holland & Barrett has set its sights on almost 100,000 sq ft of warehouse space in Ireland in a move expected to create about 60 jobs. The company has signed the lease of a new 30,000 sq ft warehouse in Dublin to open in March and confirmed its commitment to a further 66,000 sq ft of space in the capital which will be custom-built over the next 12 to18 months.

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Harvey Norman grows to like Ireland

Harvey Norman, the Australian retailer that lost more than €110m in Ireland during the recession, is back on the expansion trail. It has advanced plans to build a new store in Tallaght, in Dublin. The company, which sells furniture and electronics, has been vocal about its difficulties in the Irish market over the past decade.

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Office and retail rents in Dublin to rise by 12%, new report finds

Prime office and retail rents in Dublin are to rise by about 12 per cent in 2016, according to a new commercial property outlook from the Society of Chartered Surveyors Ireland. The SCSI outlook also forecasts a 12 per cent rise in Dublin office development land values.

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Bike retailer Chain Reaction Cycles 'subject to Wiggle takeover bid'

Bike Biz is reporting that the Newtownabbey giant - which boasts of being the "biggest bike shop in the world " - is the target of rival Wiggle and a sale could go through as early as next week. A spokeswoman for the Co Antrim family-run firm on Wednesday refused to comment on the reports.

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Northern Ireland retail vacancy rates return to 2012 levels

The rate of vacant retail units in the north fell dramatically over the last three months to 14.7 per cent from 16.3 per cent on the same period a year ago. The figure was released by the Northern Ireland Retail Consortium (NIRC) which also revealed the shopper footfall numbers increased 1.7 per cent in January compared to the same month in 2015.

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Northern Ireland excluded from Aldi expansion plans

GERMAN discounter Aldi yesterday announced plans for 80 new stores in the UK this year - but ruled out expanding to Northern Ireland. The group is experiencing massive growth across Britain and the Republic where it competes directly with Lidl, but has continually passed over the north.

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Topics: Aldi Ireland, Dunnes Ireland, irish retail news, Lidl Ireland, Retail, retail news, Supervalu