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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Mar 4, 2015 5:52:46 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.

10 things we love and hate about online shopping

Online shopping turns 21 this year. According to the New York Times, Phil Brandenberger of Philadelphia was the man who made retail history on August 11th, 1994, when he spent $12.48 on a Sting CD from the Net Market Company in New Hampshire. He used an encryption code to pay.

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Irish consumers more confident now than in boom years of Celtic Tiger

Irish consumers are more confident now than in the boom years of the Celtic Tiger, it has been revealed. The news is a massive lift to the ailing economy with more people less scares to spend their spare cash. Buyer confidence has shot up in the past four months and stood at a record plus 12 last December, significantly higher than in the boom years of 2006 and 2007.

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Tourist shopping sprees worth €800m to retail sector on both sides of border

Shopping sprees by tourists are potentially worth €800m to the struggling retail sector both north and south of the border. This was one of the main findings of the first ever report on building retail in Ireland on both sides of the border.

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We're back shopping - but only if price right

Retail sales have soared by 8.8pc in the last year as consumers buy more big-ticket items such as cars, furniture and electrical goods. But new Central Statistics Office figures also show that people are only buying if the price is right.

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Almost 70% of Irish Consumers Don’t Think Minimum Pricing Will Cut Alcohol Consumption

The latest Consumer Insights survey from Empathy Research has found that nine tenths (93%) of Irish consumers think that alcoholic drink categories will be affected 'in some way' by minimum pricing of alcohol, however around two thirds believe it will not curb alcohol consumption.

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Former Tesco Ireland head named chief executive at Morrisons in UK

Embattled British supermarket chain Morrisons has confirmed that the former head of Tesco's Irish arm, David Potts, is taking over as chief executive. He replaces Wicklow native Dalton Philips, who was ousted from the Morrisons role last month as sales continued to struggle in a UK retail battlezone where Aldi and Lidl have made strong advances against traditional chains.

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Centra Reaches New Milestone With €1.5 Billion in Sales

Centra, Ireland’s number one convenience brand, have announced that it recorded retail sales of over €1.5 billion in 2014, a 3% increase on the previous year’s performance. Centra also revealed that it will add 380 jobs to the network this year, as 16 new stores are set to open in 2015.

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Euro's slide means more sales for Border retailers

"Retailers who wouldn't have even considered locating in border towns two years ago are now willing to consider the option. We are very hopeful of attracting some international fashion chains to The Marshes shopping centre in Dundalk within the next few months," says Daniel McLaughlin of estate agents Bannon.

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Topics: irish retail, irish retail news, Retail