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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Jan 6, 2016 5:31:51 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.

 

November Sales Suggest Strong Christmas Period, Says Retail Ireland

Positive November sales figures suggest a strong Christmas period for retail, according to Retail Ireland. The total value of retail sales (excluding sales of cars and sales in bars) was up 4.8% on the previous November, with volume of sales rising by 9.2% over the same period.

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Have post-Christmas sales lost their appeal?

New figures from the UK show that high street shopping figures from Monday to Friday of last week fell by 3% when compared to the same period in 2014. Research published by Springboard shows that this is in contrast to a jump of 6.2% experienced during the previous year.

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Retailers happy with strong start to winter sales

The winter sales have started strongly and shoppers have been flooding stores across the State in search of bargains, according to retailers and their representatives.

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Weather fails to dampen shoppers’ spirits

While the widespread flooding did not help traders in the run up to their biggest season of the year, the majority of retailers across the county are cautiously optimistic the worst of the dark times are behind them.

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€129m splurge as shoppers loosen pursestrings

Shoppers splurged a staggering €129m every day this month - or €5m every hour - as retailers enjoyed the busiest festive period for seven years.

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Irish Retail Sector On Course To Meet Festive Growth Targets

Irish retail representative group Retail Ireland has said that it is ‘optimistic’ that Christmas 2015 would meet earlier positive expectations. Key indicators published by Retail Ireland early in the month pointed to the best Christmas for retail since 2008, including a 3.5% annual rise in December sales worth €150 million.

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And they're off! Shoppers brave the rain for St Stephen's Day sales

The queues started to snake around shops early this morning as retailers pinned their hopes on a spending sales splurge to boost end-of-year figures.

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Christmas spending up but regional centres losing out

Christmas spending is on par to hit positive projections according to RetailIreland, but traders in major urban centres are faring considerably better than their regional counterparts.

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Value of Irish organic retail market hits €110m

The value of the Irish organic retail market is just over €110m, Joint Oireachtas Committee on Agriculture, Food, and the Marine was told at a pre-Christmas meeting. Bord Bia entrepreneurship manager Eileen Bentley said there are more than 40 active organic companies on its client database, all of which can benefit from the marketing and business development support services it provides daily.

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Harvey Norman expects ‘particularly strong’ growth in Ireland

The group chief executive of Australian furniture-to-electronics retailer Harvey Norman has indicated its Irish operation has become the star performer of its global operations, as the retail recovery here gathers strength.

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Fashion retailer Next reports poor Christmas trade

UK fashion retailer Next said its central full-year profit forecast of £817m (€1.1bn) had been revised following the Christmas performance, but did not reveal its previous guidance.

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Dunnes Stores slims down its Irish corporate structure

Dunnes Stores has executed a streamlining of its Byzantine corporate structure by centralising the previously disparate ownership of many of its Irish stores through a single company.

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Coltard to revamp Dún Laoghaire shopping centre

Dún Laoghaire Shopping Centre is planning a €10 million redevelopment in a bid to attract a new anchor tenant. The centre’s owner, Coltard, is seeking planning permission to renovate the property to create two large anchor stores fronting on to the Dublin harbour town’s Marine Road and George’s Street.

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Furniture retailer opens first Northern Ireland store

Swindon-headquartered retailer Oak Furniture Land has opened its first store in Northern Ireland after completing a letting at Shane Retail Park in Belfast. The oak furniture retailer has agreed to a new ten-year lease on the 10,981 sq ft Unit 9.

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Little Christmas cheer for stores as online sales bite

Despite positive feedback from shopping centres such as Belfast's Victoria Square and Newry's Buttercrane, the Northern Ireland Retail Consortium said "anecdotally" that it had been a hard year for bricks and mortar stores.

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Topics: irish retail news, Retail, retail news