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.
Spending merrily on high: €1.5bn Christmas bonanza on cards
Retailers will enjoy an anticipated spending bonanza this Christmas, with consumers expected to splurge about €1.5bn. A survey of over 1,500 consumers found the lift in the economy will translate into festive season spending. The study found of the likely €1.5bn spend (up 3.5% on last year), €839.9m will go on presents. Almost two thirds of consumers plan to spend up to €300 on presents.
Ireland: Three Trends Shaping The Grocery Market
We update on the latest Kantar Worldpanel market shares for the 12 weeks to 12 October 2014, and we look at how retailers are using differentiated marketing online shopping and promotional campaigns to drive growth in the run up to Christmas.
Data points to ‘broad recovery’ for Irish economy
Recent economic data shows that a “broad recovery” is currently underway in the Irish economy, thanks to steady increases in total employment, outperformance in underlying tax revenues and buoyant trends in the retail sector. The data also points to the return of the Irish consumer.
Women vs men: it's the gender spender divide
The move followed accusations from a women's rights organisation in France that supermarkets over there were charging more for female versions of goods such as razors, shampoos, deodorants and shaving gels. One French supermarket was charging more for a female version of a pack of razor blades - even though there were only half as many blades in the female pack as the male one.
Rabobank: Frozen Food Sales To Benefit From Online Growth
According to a new report from Rabobank, European consumers will gradually move away from supermarkets in the coming decade, in favour of online purchases. The international financial services provider believes this will increase sales of frozen foods as it "over-indexes with online orders in leading grocery regions such as France and the UK."
65% Of Irish Adults Buy Olive Oil For Cooking
Almost two-thirds (65%) of Irish consumers typically buy olive oil for home cooking, according to the latest Consumer Insights survey by Empathy Research. Of 1,127 participants, female shoppers are most likely (70%) to choose olive oil above other oil, when compared to their male counterparts (60%).
Snapshot of sustainable practices being carried out by Irish retailers
We have compiled an overview of the types of initiatives being carried out by Ireland’s big five retailers, which also includes some of their corporate social responsibility drives.
Tesco launches free and fast BT Wi-Fi
Tesco has entered into a new partnership with BT to offer free and fast Wi-Fi to customers. To enjoy the new service, they should simply select ‘Tesco Wi-Fi’ or ‘BT’ on their smartphones or tablets and they can begin browsing.
Spar invests €5 million and begins 100 store rollout
Spar is to invest €5 million in rolling out a new store design following the launch of its new-look concept store at Spar Millennium Walkway. Sales at the Dublin city centre store have increased by 20% since introducing the new store design, which will now be rolled out to over 100 new stores nationwide.
Outdoor Christmas Markets: It's time for a Lidl bit of that old festive magic
Money saving retailer Lidl has unveiled four outdoor Christmas markets - with all proceeds going directly to charity partner Barretstown. The markets will take place in Galway, Dublin, Limerick and Belfast and admission is free.
Owner of Spar and Mace shops shows revenue of €197m
A snapshot of the financial performance of BWG, the unlimited company that owns the Spar and Mace convenience store chains in Ireland, has emerged in the annual results of Spar South Africa, (SSA), the listed company that bought an 80 per cent stake in BWG over the summer.
Dublin grower secures bumper Christmas floral deal with Tesco
Tesco is to stock a festive range of plants from Swords-based grower Uniplumo. Along with a larger than ever order of Irish poinsettias, festive floral baskets and luxury Irish wreaths, Uniplumo will be supplying a special limited edition Kalanchoe Tisento plant from this weekend at a cost of €3.99 with 50 cents from each purchase going directly to Temple Street Children’s Hospital.
NI agriculture minister meets with Tesco at beef conference
Tesco's Agriculture Director met with NI Agriculture Minister Michelle O’Neill yesterday (Thursday) to discuss a number of issues affecting the north's beef industry. The meeting with Tom Hind took place at the Agri Food and Biosciences Institute (AFBI) and Livestock and Meat Commission (LMC) Beef Conference in Belfast where, earlier, the Minister had outlined the importance of the beef sector to agri-food throughout Ireland.
Regatta to double Irish workforce through retail expansion
Regatta Outdoor, the outdoor clothing brand beloved of Irish hillwalkers, plans to double its Irish workforce to more than 100 in coming months. The chain currently operates a €10 million-a-year wholesaling business and 10 concession outlets based in Shaws department stores, together with a standalone retail outlet in the Crescent shopping centre in Limerick.
Zara owner to open new Irish stores as retail recovers
Inditex, the Spanish retailing giant that owns the Zara group, says it plans to open more Irish stores when it finds suitable outlets. The group, which has global sales of about €17 billion, recently filed accounts for a number of its Irish operations, including Zara, youth fashion outlets Bershka and Stradivarius, Pull & Bear and the mid-market Massimo Dutti.
Breakfast briefing: Retail news on the big four grocers, Primark and Farfetch
Retail news round-up on November 18, 2014: Store closures ‘only option’ for big four; Primark to re-launch Farrell menswear brand; Farfetch.com launches click-and-collect service; and Yours Clothing to expand into Scotland and Ireland.
US fund Varde on shopping spree to become Irish retail giant
Varde Partners, a US alternative investment fund, is poised to become one of the largest owners of retail space in the country, after the acquisition of a portfolio of shopping centres from the UK bank Lloyds.
Footfall decline spells tough times for Northern Irish retailers
Northern Ireland experienced the sharpest year-on-year footfall decline of any region in the UK in October, figures out today reveal. The region also recorded the highest vacancy rate, despite a small decrease.
Like-for-like sales down 2.1% at Sainsbury’s
Sainsbury's feels the heat in the UK market "due to twin threats of falling or flat industry food volumes alongside the seemingly unstoppable growth of the hard discounters"