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.
Tesco reviews most popular shopping basket additions across Ireland
Tesco has analysed the most popular products frequently added to customer shopping baskets across Ireland and has found interesting regional preferences in the nation’s shopping habits. The research has revealed that some products are making shopping lists more regularly in particular counties.
Ireland outlines stricter rules on food marketing terms
The Food Safety Authority of Ireland has published new guidance to ensure consumers are not "misled" by the use of some marketing terms on foods. The body has outlined the legal requirements food businesses must follow when using marketing terms on food.
Discount stores don't always offer best value
While 'pound shop' style stores have mushroomed all over the country, a survey by the Irish Independent has found they are not always cheaper than mainstream supermarkets. We priced a sample basket of goods from Ireland's two biggest discount chains - Euro Giant and Dealz - and found four items were marginally dearer than similar items from Tesco.
Expiry dates on gift vouchers could be banned under new bill
A ban on expiry dates for gift cards and vouchers has been proposed by Minister for Jobs, Enterprise and Innovation, Richard Bruton today as part of a new Consumer Rights Bill. According to Minister Bruton’s department, the legislation which is being published today for consultation, represents the most far-reaching reform of consumer law in decades.
Amazon to pay taxes in some European countries
In the continuing battle between European and American tech companies, score one for Europe. In a move that could put pressure on its rivals to follow suit, Amazon will start paying taxes in a number of European countries where it has large operations, instead of funneling nearly all its sales through Luxembourg, a low-tax haven that is the home base in the region for Amazon and many other large tech companies.
Musgrave Group Leads Retail Sector In 'Top 1000 Companies' Report
Musgrave Group is the highest placed grocer in the 2015 edition of the Top 1000 Companies, published by The Irish Times. The Cork-based retail group is ranked 17th on the list, with a turnover of €4.83 billion (year to end 2013).
HB Magnum The Biggest Spender On Outdoor Advertising In April
HB Magnum was the biggest spender on outdoor advertising in April, according to the latest Posterwatch report from PML Group. The ice cream brand readied itself for summer by accounting for approximately €258k worth of spend, ahead of Barry's Tea, which accounted for €219k worth of spend, and Cadbury Oat Crunch, which accounted for €192k worth of spend.
SuperValu strategists on target at AIMS
If the number of gongs a marketer bags is an indicator of a winning strategy, SuperValu's strategists appear to have it sussed. Marketing director Ray Kelly and his colleagues from the Musgrave empire went home from the Marketing Institute's All Ireland Marketing awards show, aka the AIMS, having scored a hat-trick - with the marketing team award and the direct marketing and sponsorship gongs safe in their clutches.
Spar Group profits jump as Irish unit included in results
South African retail group Spar has announced first-half profits after tax that were 22 per cent higher as it included results from its Irish unit for the first time. BWG, the group behind Spar in Ireland, sold an 80 per cent stake for €55 million to Spar South Africa last year.
First profit increase for M&S in four years
Marks & Spencer in the UK has increased its profits for the first time in four years due to a decrease in capital spending and better deals with its suppliers. Sales rose just 0.4% to £10.3bn following a tough period for M&S clothing. However this was offset by a 3.4% rise in food sales. Clothing and homewares sales fell 2.5% over the year. Underlying sales only rose in the final quarter of the financial year.
Centra promote healthy living with GAA partnership
Centra ‘Champions of Healthy Living’ ambassador and GAA legend, Henry Shefflin, along with Patrick Horgan and Conal Keaney lined out today in Herbert Park, Dublin as Centra launched its GAA endorsed product range and its new community event summer tour, which will spread Centra’s healthy living message across Ireland.
Food Academy suppliers to be listed across 221 SuperValu stores
Small producers who have been participating in and have completed the SuperValu Food Academy Start and Advance programmes are now being rolled out to 221 SuperValu stores nationwide, which will result in sales of over €10m in 2015.
Dunnes loses €1.13m rent appeal over two stores
Dunnes Stores has lost a Supreme Court challenge to a demand from the new owners of two Galway shopping centres that the retailer must pay €1.13m in unpaid rent and service charges.
Tesco execs will have to hand back bonuses in future over misstated results
Tesco has introduced a new ‘clawback’ provision, whereby executive directors could end up having to hand back their bonuses up to five years after they were awarded. The new scheme will come into force if Tesco discovers financial results have been misstated or if executives’ actions damage the company’s reputation in future.