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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Mar 1, 2017 5:43:46 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 firms leave offline business behind as 'Amazon effect' starts to take hold

Companies are ditching offline business as new research shows that online sales in Ireland doubled in the last two years, from 17pc to 33pc. This is expected to rise to 40pc this year, as Irish people gradually switch to online channels to shop and do business.

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Retail and hospitality profits rise but gender pay gap widens, Dáil hears

Profits in the retail and hospitality sectors have risen to more than 40 per cent above pre-crash levels while the gender pay gap has widened, the Dáil has heard.

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Mastercard expands QKR! For retailers and on-the-go consumers

Mastercard have announced that it will expand Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs, to six new markets and add new functionality to eliminate the traditional bar tab at a bar, club or restaurant.

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Irish consumer spend on Fairtrade products increases

Irish consumers’ expenditure on Fairtrade products jumped to €272m in 2016, an increase of 9% compared to the previous year. The ongoing recovery in the Irish economy is having a positive impact on the number, range and sales of Fairtrade products, according to Fairtrade Ireland.

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Massive jobs boost for Ireland as SuperValu set to create almost 200 new positions

Almost 200 new jobs are set to created this year by SuperValu. The supermarket chain announced on Monday plans to announce three new stores in 2017, after recording retail sales of €2.67 billion last year.

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SuperValu made record sales of €2.67bn in 2016

SuperValu notched up sales of €2.67bn last year, a 2.4pc increase over the 2015 figure. Controlled by the Cork-based Musgrave group, SuperValu is the country's second-largest grocery retailer after Dunnes Stores.

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Good year for SuperValu; planning to open three new stores

Leading Irish grocery chain SuperValu has revealed that its sales rose 2.4% to €2.67bn last year, with plans to continue its expansion in 2017. The Musgrave-owned retailer said its focus on “fresh, quality Irish produce with a tailored, local offer in every store” continued to act as a core driver...

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ESM meets…. Stephen Young, Musgrave Retail Partners Ireland

Ahead of EuroShop 2017, which runs from 5 to 9 March in Düsseldorf, ESM caught up with Stephen Young, National Transport Manager at Musgrave Retail Partners Ireland, which operates the SuperValu and Centra banners in Ireland, to discuss how the business is embracing technology and positioning itself for growth.

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Tesco strike: sales down almost 80% in picketed stores

Stores with no pickets saw sales drop during 11-day dispute, figures suggest. Tesco Ireland saw sales across its store network fall significantly after picket lines were placed outside a small number of its shops. The dispute centred around proposed contract changes to about...

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18 of 24 stores reject Tesco Ireland strike action this week

Tesco Ireland has released a statement again calling for Mandate Trade Union to call off its 'reckless' strike action, after 18 out of 24 stores voted this week to not participate in the ongoing strike over contract disputes.

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Tesco strikers: ‘They won’t undermine us. This is not a game’

“Last night’s ballot results. Tesco Ireland 7 Mandate 1,” read the sign unevenly taped to the inside of the window of the small Tesco store in Drumcondra, Dublin on Wednesday. It referred to Tuesday night’s decision by staff in seven stores to vote against joining the picket line.

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Striking Tesco staff locked out of car park 'after access passes revoked'

Striking staff at a branch of Tesco were locked out of their regular car park today, despite having paid a yearly subscription to use it. The lockout came after shop bosses revoked their access passes in what has been deemed an escalation of the current dispute.

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Primark bucks negative trend with upbeat outlook

First-half sales are expected to have increased by 11% on a yearly basis at discount clothing retailer Primark, which trades here as Penneys. arent group Associated British Foods (ABF) said an increase in retail selling space has driven revenue at Primark, which should see sales rise by 21% at actual exchange rates.

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Victoria's Secret to open first Northern Ireland shop in Belfast

It's the world's best known lingerie brand - favoured by supermodels such as Heidi Klum and Tyra Banks. And now the glamour and lavish Victoria's Secret looks set to open up for the first time in Northern Ireland.

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'Challenging' outlook despite healthier turnover for Greggs

FOOD-on-the-go retailer Greggs reported rising sales and profits last year after being boosted by its healthy eating ranges, but warned over costs pressures in 2017. The sausage roll maker said like-for-like sales rose 4.2 per cent in the year to December 31, with total sales growing 7 per cent to £894.2 million.

 

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Topics: irish retail, irish retail news, irish retailers, Retail