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Irish Retail at a Glance for this week

Irish Retail at a Glance for this week

Posted by Maria Diaz on Oct 22, 2014 3:35:24 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.

Retail sales surge in third quarter

The Government’s hints over the summer that the budget would be the first in six years to not hit people’s pockets paid dividends for retailers, with a 1.75 per cent surge in retail sales in the three months to the end of September.

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Irish Companies Shine At SIAL Paris

ABP Food Group, Dawn Meats, Ribworld, Irish Country Meats, Gallagher's Bakery and Glanbia Consumer Foods are among the Irish businesses exhibiting at this year's SIAL trade fair, which kicked off on Sunday in Paris.

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A Quarter Of Irish Adults Are Frequent Home Bakers

Almost a quarter (24%) of Irish adults are frequent home bakers according to the latest Consumer Insights survey by Empathy Research. Of 962 participants, this was more common amongst women (35%) than men (12%). A further 52% of Irish consumers occasionally bake at home, with women (56%) again being the more likely of the genders than men (47%).

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Irish shoppers spend €6.6m each day online

If online spending is anything to go by, the boom times could be rolling back around - with Irish people spending over €6m online daily. People who log on to stock up are spending about €6.6m every day in Ireland according to new research.

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Irish consumers will spend approximately €41 million on Halloween this year

Irish retailers can expect a boost in sales as consumers continue to embrace Halloween as a major festival. That’s according to new research commissioned by ecommerce partner Webloyalty (www.webloyalty.ie) into Halloween spending which estimates that €41 million will be spent on the occasion this year by Irish consumers, up 5.7% from last year.

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Retail sector grows for three months, for the first time since 2007

The retail sector grew for three consecutive months in the third quarter of this year. Retail Excellence Ireland says it is the first time the sector has grown for three months in a row since the same period in 2007.

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Private Label Performance Remains Strong In Ireland

Private Label currently accounts for 38% of all retail sales in Ireland, up from 35% two years ago, according to data from Kantar Worldpanel (Retail review, September 2014).

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Primark to open stores in the US

Primark, which trades as Penneys in Ireland, is to open its first stores in the United States following a deal with US department store Sears. In a deal to raise cash for the American retailer which is under financial pressure, the Primark group will lease seven stores from Sears. The first store is set to open in Philadelphia next year in one of the largest shopping centres in the US.

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Aldi profits soar to €327m

Discount supermarket giant Aldi last year continued to have exponential growth in Ireland and the UK as its pre-tax profits increased by 65% to £260.89m (€327.2m). Accounts for the German-owned Aldi Stores Ltd just posted to the Companies’ Office show the retailer had the sharp jump in profits after revenues soared by more than £1.38bn or 36% from £3.89bn to £5.27bn in the 12 months to the end of December last.

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Manor Farm Wins Repak Recycling Award

Chicken producer Manor Farm and Irish Packaging Recycling Limited won two of the most prestigious awards at the Repak Recycling Awards event, which took place in Kilkenny on October 20.

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New Aldi store opens in Glanmire, Co Cork employing 20

Aldi has opened a new store in Glanmire, Co Cork, bringing the total number of Aldi stores in Ireland to 112 and creating 20 new jobs. Located on Hazelwood Avenue, Riverstown, the new Glanmire store is Aldi’s seventeenth store in Co Cork. The first Aldi stores in Ireland opened in November 1999.

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Save €10 at Aldi with the Sunday Independent

Glowing candles, sparkling skies and devilish cries - It's almost that time of year. From sweets for trick or treating, delicious Halloween-inspired recipe ideas and ideas for decorating your party - Aldi has a large range of products for a great Bank Holiday weekend. Don’t miss your voucher to SAVE €10 off at Aldi, inside this week’s Sunday Independent.

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CBRE Suggests Prime Retail Rents To Increase As Demand Increases

Commercial property consultants (CBRE) have released a report on the Irish retail sector, which suggests that improvement in retail sales and occupier activity over 2014 has been reflected in prime rental growth in areas of Dublin.

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'Inappropriate' conduct behind Tesco's accounts scandal

The investigation into a £250m (€315m) accounting scandal at Tesco has uncovered evidence that a "small group" of people within Ireland and the UK's biggest food retailer deliberately misled its auditors and accountants to flatter its financial results.

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Marketing bites

New style Avonmore milk cartons hit the shelves - and other news for FMCG marketers - for the week 14/10/2014 - 20/10/2014

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Topics: Retail