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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Apr 22, 2015 4:37:33 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.

 

Caution urged on growth in retail sales

Retail Excellence Ireland has warned against over-exuberance regarding recovering consumer spend figures, despite 4% year-on-year growth evident in the first three months of the year.  “The first quarter of 2015 proved a relatively positive quarter which started well with like-for-like gains of 4.37% in January, mainly a function of today’s consumer tendency to postpone spending into the sales period.

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Most SME websites can't process sales

The vast majority of small businesses with websites in Ireland aren't equipped to trade online, a survey has found, even though the market has been estimated to be worth €21bn by 2017. While more than six-in-ten SMEs have a website, 91pc admit that they cannot process sales via the internet, according to research commissioned by IEDR.

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BOGOF Offers Most Likely To Convince Consumers To Switch Brands

According to the latest Consumer Insights report from Empathy Research, four-fifths (80%) of consumers admitted they would be most likely to be encouraged to switch brands by a 'buy one get one free offer'.

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Easter Egg Sales See Increase On 2014

Sales of Easter Eggs in Ireland totalled approximately €35 million in the run up to Easter this year, according to data from Nielsen. Generally, sales of Easter Eggs begin to lift around six or seven weeks before Easter Sunday with 2015 seeing more concentrated sales in the final two weeks than in the same time period in 2014.

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Nielsen: Three Quarters 'Plan To Cut Down On Sweets'

Weight-conscious Irish consumers are eschewing diet bars and shakes, and embracing a balanced diet of unprocessed foods rich in protein and wholegrains, according to Nielsen’s Ireland Healthy Eating Report.

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SuperValu spends €3m on ‘karma’ campaign

It has been a good week for SuperValu. The Musgrave-owned chain was installed as Ireland’s largest supermarket chain by the official data from Kantar Worldpanel on the same day it launched a major new advertising campaign around the theme of “Good Food Karma”.

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M&S to launch first Vitamin D enriched bread

n a bid to help consumers get enough vitamin D in their diet, M&S has taken what it describes as “an industry leading step”. Every loaf of bread and bread roll in the M&S bakery range will now be made with yeast that naturally produces vitamin D, providing a minimum of 15% of the daily requirement in two slices, making it easier to include vitamin D in the daily diet.

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Tidy towns challenge for local communities

The SuperValu TidyTowns competition for 2015 was officially launched recently with the challenge for the local communities across Dublin to maintain previously high stands. Last year’s SuperValu TidyTowns competition saw Palmerstown TidyTowns pick up the ‘Hero Award’ for the outstanding efforts of its committee members.

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Arcadia Group slashes Irish losses by 90%

Accounts for Arcadia Group Multiples (Ireland) Ltd, show the company’s revenues decreased from £19.74m to £19.57m in the 12 months to the end of August last. The firm had revenues of over £45m in 2012 before it spun-off its Top Man and Top Shop business into a separate Irish firm in 2012.

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Tesco reports £6.4bn loss, the worst in its 96-year history

Britain’s biggest retailer Tesco posted the worst annual loss in its 96-year history on Wednesday after writing down the value of its stores by £4.7 billion. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pre-tax loss of £6.38 billion (€8.9bn) in the year to February 28th.

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Mandate: Dunnes Failure To Engage Will Have 'Huge Impact' In Eyes Of Public

Mandate Trade Union Assistant General Secretary Gerry Light has told Checkout that the failure of Dunnes Stores to engage with the union over the ongoing dispute would have a "huge impact" on the retailer's perception in the eyes of the general public.

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High Street Vacancy Rates Improving, CBRE Study Finds

Statistics released by commercial property consultants CBRE point towards an improved retail environment across many cities in Ireland. According to CBRE, high street vacancy rates for six out of the nine retail locations surveyed over a period of six months showed an improvement.

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Industry heartened as Northern Ireland shops outperform UK counterparts

Footfall in Northern Ireland's shops increased for the second month in a row during March, with a 1.2% rise outperforming the UK average, according to figures released today. Industry leaders have said they are "heartened" by the figures for March, which indicate improving fortunes for all three retail sectors in Northern Ireland - high streets, out-of-town centres and shopping centres.

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Topics: Retail