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Retail at a Glance

Retail at a Glance

Posted by Gillian Farrell on Jan 11, 2017 6:42:01 PM

irish retail

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.

Consumers switch to online shopping as sentiment drops to near two year low

This was reflected in a surge in spending online by consumers in the lead up to Christmas, but a decline in face-to-face expenditure.

It comes as separate research shows a fall in consumer confidence in December.

This sent the KBC consumer sentiment index to a 22-month low, as householders have concluded that the economic recovery has over-promised and under-delivered in the past year.

The KBC Bank Ireland consumer sentiment index slipped to 96.2 in December from 97.8 in November.

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Irish arm of Argos posts €154m annual pre-tax loss

The Irish branch of UK retailer Argos last year recorded a pre-tax loss of €153.8m as a result of an exceptional cost.

The loss arose from the firm booking a €153m impairment of its entire goodwill as a result of a review of the business in the light of the recommended offer by Sainsburys for the purchase of the owner of Argos, the Home Retail Group.

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Tesco tackles “pink tax” controversy with razor reduction

Many reports have been made in recent years regarding the “pink tax” – an unfair business practice that sees women pay more for products identical to those also marketed towards men. Think deodorant, hair care, hygiene and much more.

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Aryzta and Spar Gourmet Launch “BYO” Pizza Concept

Solutions Ireland has launched its latest Food to Go Concept – “Build Your Own (BYO) Burger & Pizza”. The concept was introduced in SPAR Gourmet in Baggot Street in Dublin, which is a proven food operator and is a key site within Dublin City Centre with very high footfall and all-day passing trade.

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New study casts doubt on sugar-free benefits

Sugar-free drinks and artificial sweeteners may be part of the problem, says new study

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Women Responsible For Two-Thirds Of Ireland's Grocery Shopping

Women in Ireland are responsible for 69% of grocery shopping amongst households, new research published by BWG Foods shows.

The research which was conducted by Behaviour & Attitudes also outlined that over a fifth of Irish men have no responsibility for grocery shopping at all, which compares to 5% of women.

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Despite December Spike, Overall Household Spending Has Slowed

Despite an increase in December 2016, the rate of household spending has slowed for the third month, according to Visa’s Irish Consumer Spending Index, which measures expenditure across all payment types (cash, cheques and electronic payments.)

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Stores discount prices to shift stock as shoppers desert main street to buy online

The migration of shoppers online and the collapse in sterling meant that most Irish retailers had a relatively poor Christmas.

The end-year exchequer returns, which were published on Wednesday, pointed to severe problems in the retail sector.

While overall full-year tax revenues were 1.4pc ahead of target, VAT revenues were 3.4pc behind target, with the shortfall being made up by better-than-expected Corporation Tax, Income Tax and Capital Gains Tax receipts.

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Henderson's coffee brand is Northern Ireland's biggest retail brew

Henderson said Barista Bar Coffee was now on sale in 260 sites across its Spar, Eurospar and Vivo network of convenience stores.

And the company said it planned to bring the brand, which is exclusive to its network, to another 70 of its sites. The brand grew from 30 machines to 260 during last year.

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Aldi 'surpassed expectations' with uk sales during festive season

ALDI notched up record sales over the Christmas period after shoppers snapped up both luxury products and cut-price fruit and vegetables.

The German supermarket said total UK sales were more than 15 per cent higher during December compared to the same month in 2015.

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Lidl under fire after misusing Bord Bia logo

Lidl has fallen foul of Bord Bia after it wrongly used the food authority’s stamp of approval on promotional leaflets advertising one of its fish products.

The German retailer had advertised its salmon darnes with pepper and garlic using the Bord Bia quality assurance stamp, complete with a shamrock and a tricolour.

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Consumers and startups point to 2017 growth

Ostensibly booming pre-Christmas retail sales data capped a good week for the economy, as surveys on the services industry and start-ups pointed to a good start for 2017.

The shift by consumers to spending early at Christmas to tap ‘Black Friday’ discounts helped to drive the sharp rise in retail sales in November, a retailing industry group has said.

CSO figures showed underlying sales which exclude car sales rose 3.1% in the month and climbed 4.9% from November 2015.

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Amazon and Forever 21 to bid for American Apparel

Amazon and Forever 21 are among the retailers planning to acquire American Apparel after it filed for bankruptcy in November 2015, The Irish Times reported.

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Revenues soar 20% as B&M enjoys record Christmas sales

Discount retailer B&M, which has around 15 stores in Northern Ireland, has said a record Christmas helped it notch up a big rise in sales in the third quarter as it flagged a period of "uncertainty" for consumers.

Lidl gets green light to build new store in Co Wicklow

German discount retail giant Lidl has overcome opposition from an independent retailers’ body to secure planning for a new store at Greystones in Co Wicklow.

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Young Irish dying to pay with mobiles

Young Irish people want to ditch their cash and cards and pay for things using Google, Facebook and Apple instead. Over half of us expect Ireland to become cashless in future, while three-quarters of those under 22 say they trust tech brands such as Facebook, Google and Apple to provide payment and financial services.

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Topics: Grocery, irish retail, irish retail news, Retail, retail news