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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Apr 19, 2017 5:09:33 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. 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.

 

Bus strike: Cork businesses ‘losing €50m in revenue’

There may not be tumbleweeds rolling down Patrick Street but the impact that the strike by Bus Éireann drivers is having on business in Cork city is more than evident. Many traders are reporting footfall is down by 25 per cent and revenues estimated to be...

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BWG Foods MD Willie O’Byrne takes over at Retail Ireland

Willie O’Byrne, managing director of BWG Foods, has been elected as the new chairman of Retail Ireland, a body affiliated to employers’ group Ibec. Mr O’Byrne will serve a two-year term. He replaces Conor Whelan, who recently stepped down as managing...

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Retailers target Easter bonus as late holiday boosts the high street and shopping centres

Northern Ireland retailers are anticipating a busy Easter with seasonal shoppers already taking to the high streets, it has been claimed. From high street butchers to shopping centres, traders expect the later timing of Easter this year will work to their benefit...

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Tesco Ireland boss hails 'significant progress' as revenue hits €2.48bn

Tesco Ireland has reported like-for-like sales up 0.1pc and revenues of €2.48bn in the year to February 25. The parent Tesco Group in the UK beat forecasts for its annual profit as its recovery gained pace, potentially strengthening the hand of boss Dave...

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Tesco recovery fails to overly impress investors

However, in Ireland, Tesco saw a 0.1% fall in like-for-like sales. The decline was brought on by a disappointing last quarter, which saw sales fall by 1.3% on a yearly basis. However, the first three quarters of the year saw Tesco Ireland record annualised sales increases of 0.3%, 0.1% and 0.5%. Tesco’s share price fell by up to 6% yesterday, but...

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Tesco announces sale of its opticians business to Vision Express

Tesco has announced the sale of its opticians business in the Republic of Ireland and the UK to Vision Express, in a statement it issued today (19 April). Tesco Opticians operates in three stores in the Republic of Ireland and 206 stores across the UK. Reportedly...

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SuperValu predicts €17 million in sales of lamb this Easter

Irish retailer SuperValu has announced that it expects to sell €17 million worth of lamb this Easter. This figure equates to 225,000 lambs, which the grocery retailer will source from farms across Ireland. “As the number one supporter of the Irish agri-food...

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Tesco criticised over 'unnecessarily ignorant' Easter advert

Tesco has come under fire for linking their alcohol offers to Easter. The supermarket giant has ran an ad showcasing their deals ahead of the weekend, saying: "Great offers on beer and cider. Good Friday just got better." Reverend Richard Coles Tweeted...

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New Iceland stores for Limerick and Shannon

Food retailer Iceland has announced that it is to open new stores in both Limerick and Shannon this year. The Limerick store will open in August 2017 with its Shannon counterpart following shortly thereafter in November. 270 new jobs will be created...

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Iceland to invest €12 million in nine new stores

A far-from-icy reception greeted Iceland today, as the food retailer announced a €12 million investment in nine new stores in Ireland this year. In total, 270 new jobs will be created across the country as part of the investment in the new stores. In fact, 2017...

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Food retailer Chopped to create 320 jobs, double footprint

Chopped, the fast-growing fast food chain, is to create 320 new jobs in Ireland as it doubles the number of outlets it has to 40. The Irish company said it also intends to take on 110 employees in Britain as it expands overseas, with plans to open six outlets...

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Northern Irish retailers see third month of declining footfall

Retailers in Northern Ireland are seeing a decrease in footfall for the third month running, according to analysts Springboard. Fewer people are frequenting high streets and shopping centres in the north, causing frustration for shop owners. New data from...

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North’s retail sales hit by political uncertainty

Political and economic instability is impacting on consumer confidence in Northern Ireland. The latest retail statistics show another slump in the number of shoppers spending money in the North last month. The Northern Ireland Retail Consortium...

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