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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Nov 12, 2014 1:56:04 PM

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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.

 

Retailers upbeat about the tills ringing as Christmas beckons

After years of austerity, this may be the first Christmas where trading gets a boost. New research from Barclays' Irish arm shows that just over 68pc of retailers it surveyed here expect consumers to spend more this Christmas than they did over last year's festive season.

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72% Of Irish Adults Eat Their Evening Meal At The Table

Nearly three out of four (72%) of Irish adults typically eat their evening meal at the table, according to the latest Consumer Insights survey by Empathy Research. Of 1,122 participants, this was higher among those aged over 35 years. The majority of 35-44 year olds (74%), 45-54 year olds (76%) and 55+ year olds (84%) eat dinner at the table, compared to 62% of 18-24 year olds and 58% of 25-34 year olds.

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Growth in Irish foodservice market

Demand for value and high quality casual dining, takeaway and food-to-go options is increasing and accounts for over a third of consumer spend (38%). Fast food is the fastest growing channel and there is rising consumer expectations around home delivery, mobile technology and snack-sized meals.

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Tayto Celebrates 60th Anniversary In Style At Checkout National FMCG Awards, In Association With eXPD8@tradewins

Tayto made it a 60th birthday year to remember at the annual Checkout National FMCG Awards, in association with eXPD8@tradewins. The celebrated crisp brand won the annual Checkout ‘Brand Legacy’ award at the event, which commemorates grocery brands that have stood the test of time and continue to offer both excitement and new product innovation to Irish consumers.

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Consumer markets in Ireland and UK showing early signs of recovery - Kerry Group

International food group Kerry's consumer foods business volumes fell by 1.2% in the nine months to the end of September. In an interim management statement today, the group said business rose in its ingredients and flavours division by 3.6%.

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Retail Excellence Ireland happy to ‘lead’ its members

Santa Claus may have arrived at Blanchardstown over the weekend but Retail Excellence Ireland (REI) is giving its best Grinch impression. The industry lobby carried out a “survey” among its members following “increased speculation on wage increases”. And the message is clear: shopworkers needn’t come looking for a pay rise in 2015, and it is all the Government’s fault.

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IFA: Farmers getting less for beef but cost up in shops

The Irish Farmers’ Association has claimed a growing divergence between the incomes of beef farmers and the prices consumers are paying is evidence "of the collusion between processors and retailers to cream off excessive margins for themselves".

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Northern retailers reject ‘mixed origin’ beef label

The Northern Ireland Retail Consortium (NIRC) is not prepared to change its policies at the moment in relation to beef labelling and mixed origin beef in particular. Aodhan Connolly, Director, NIRC said the group has not rejected the possibility of using the label outright but for the time being its members in Northern Ireland do not need to source cattle from the Republic of Ireland.

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Topaz to create 110 new jobs in New Year

Topaz has announced that it will create 110 new jobs between two major new service stations opening in North Dublin and Co. Laois in January. The two stations are being developed at a cost of €10 million. In addition to the full time jobs being created, an additional 200 people are employed on the development of the sites which will include service stations, restaurants and shops.

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Musgrave Retail Partners Acquires Allied Logistics from DCC Plc

Musgrave Retail Partners Ireland has agreed to acquire the Allied Logistics business from DCC plc. Allied Logistics is a frozen supplies distribution and logistics specialist that services the island of Ireland.

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Major Irish Food Promotion Secured with World’s Biggest Online Retailer

Minister for Agriculture, Food and the Marine Simon Coveney T.D. has met with representatives of Tmall.com, the world’s largest online retailer. This meeting was part of a busy schedule of events during the Irish agri-food trade mission to China led by Minister Coveney.

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Marks & Spencer posts strong results amid tough trading conditions

Marks & Spencer posted a rise in first-half profit for the first time in four years, as cost cutting and rising food sales offset a disappointing few months for clothes sales due to the unseasonably warm weather. Shares in Britain’s biggest clothing retailer were down 17% over the last year but jumped more than 8% early this month as the group raised its profit margin forecast for non-food products.

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Dunnes Stores profits tumble 13pc at UK division as sales decline

Pre-tax profits at the UK arm of Irish-owned retail giant Dunnes Stores fell 13pc to £13.8m (€17.6m) last year after a slump in revenues. Accounts just lodged by Dunnes Stores (Bangor) in the UK show the firm sustained the drop in profits as revenues decreased 11pc to £140.52m in the 12 months to the end of February 1 this year.

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SuperValu launches travel insurance offering

SuperValu has entered the insurance market with a new travel insurance offering. The company said this will be the first in a range of insurance products it will offer. An annual family travel insurance policy to Europe for two adults and up to seven children with SuperValu Insurance will cost €56 or 15c a day, where the family has private medical insurance, does not require winter sports cover and meets eligibility criteria and the policy is bought online.

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Tesco Ireland announces two senior management appointments

Tesco Ireland has announced the appointments of Geoff Byrne as chief operating officer and Geraldine Casey as Personnel and IT director. Both Geoff and Geraldine are members of Tesco Ireland’s senior leadership team.

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Topics: irish retail, irish retail news, Retail