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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Mar 16, 2016 1:37:58 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.

Over Half Of Consumers Believe Self-Service Checkouts Save Time

According to the latest Consumer Insights report from Empathy Research, the best thing about self-scanning checkouts in stores is that they 'save time' (56%) or generally have 'shorter queues' (55%).

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Consumer spend rise drives supermarket sales

Irish consumers’ grocery shopping spend rose by 3.6% over the past 12 weeks — despite rising prices — providing further evidence that household finances are strengthening. Latest data from consumer insights agency, Kantar Worldpanel — covering the period to March 1 — proves shopper spend has grown by over 3% in each of the last three 12-week reporting periods.

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Consumption of beer, spirits and cider plummet - but Irish people still in love with wine

Alcohol consumption has fallen dramatically since the height of the boom, with sales of beer, cider, spirits and sparkling wine plummeting by 120 million litres a year - a drop of 16pc. But although overall consumption has fallen since 2006 and 2007 as thousands emigrated and the country...

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Consumers urged to take precautions when buying cars online

Car buyers have been urged to take precautions when buying online in order to protect themselves from fraud and from buying stolen vehicles. Crimestoppers, the trust set up in 1998 to provide a confidential means of reporting crimes, has come together with car sales websites Carzone andDoneDeal to provide tips for consumers.

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A new Tech Boost for the Irish Economy?

The Irish economy is on the up. After several years of turmoil, 2015 saw a number of positive reports from finance minister Michael Noonan that things were starting to look better. While austerity measures have certainly helped to turn things around, one of the main reasons Ireland has recovered is because of the willingness to go shopping.

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Latest Kantar figures show Dunnes Stores performing well ahead of the market

The latest figures from Kantar Worldpanel, the market research and insight group, show Dunnes Stores is performing strongly in terms of sales growth. Consumer confidence among Irish shoppers shows no sign of wilting, with the latest figures from Kantar Worldpanel showing further strong growth in the Irish grocery market.

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290% increase in number of energy drinks on sale

The Safefood report found that 17 brands and 39 separate energy drink products were available in six major retail supermarket chains in February 2015. This compares with 10 energy drink products found in a 2002 survey, representing a 290% increase in the number of products available.

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RBTE 2016: Is there hope for QR codes in retail?

QR codes might be more than 20 years old but retail firms are still finding new and interesting ways to make use of the technology. That was the conclusion of a presentation at RBTE 2016 on Wednesday by Mark Orchard, head of IT at food wholesaler Musgrave.

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Aldi digs in for the battle for well-heeled shoppers

It is Tuesday in the most salubrious Aldi store in Ireland: a dramatic, high-ceilinged old tram depot in Terenure, south Dublin. The attractive building was converted into a supermarket last September. Trade is brisk on Tuesday afternoon, but it isn’t thronged.

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SuperValu Lucan donates defibrillator to local community

Showcasing an impressive new look following a multi-million euro investment, SuperValu Lucan is a store that has made a tangible impact on the local community. The supermarket’s latest goodwill gesture was the donation of a state of the art AED heart defibrillator for use by the entire community.

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Ikea Ireland profits nearly double to €13.2m

Flatpack retailer Ikea nearly doubled its profit in Ireland last year as homeowners took advantage of the recovering economy. Sales jumped 17 per cent to almost €132 million in the 12 months to the end of August 2015, delivering pretax profit of €13.2 million, up from €7.2 million in 2014.

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Ikea is thinking of opening a second Irish store

The Swedish retailer Ikea is planning to expand its presence in Ireland having generated record sales and profits at its Dublin outlet last year, as 2.6 million visits were made to its Dublin store.

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Argos sales improve ahead of formal bids

British takeover target Home Retail reported improved trading at its Argos stores and a bigger-than-expected cash pile yesterday, a week before a deadline for bids. Supermarket group Sainsbury’s and South Africa’s Steinhoff International are pursuing Home Retail...

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Sainsbury’s posts a sales rise ahead of Argos offer deadline

Sainsbury’s, Britain’s second biggest supermarket, reported its first quarterly sales increase in more than two years, three days before a deadline for it to raise its offer for Home Retail, which owns Argos.

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Topaz opens its newest store in Ballincollig, Co Cork

Ireland’s leading fuel and convenience retailer, Topaz, has launched its newest Re.Store retail offering in Ballincollig, Co Cork, marking the 100th store opening for Ireland’s most dynamic convenience concept. Cork County footballer and local man Daniel Goulding was guest of honour at the official opening in advance of his upcoming game against Monaghan.

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Applegreen revenues increase by 15% to €1bn

Revenues at Applegreen rose by 15 per cent to €1 billion in 2015, the Irish petrol forecourt retailer said on Monday, as strong consumer sentiment in Ireland helped drive the group forward. In its first set of full-year results since floating on the Irish Stock Exchange in June 2015...

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Caffe Nero plans 40 stores with 350 new jobs

The Irish arm of UK specialist coffee retailer, Caffe Nero believes that there are strong prospects for the growth of branded coffee in Ireland as start-up costs contributed to the firm recording a loss of €430,000 last year.

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Oasis to invest millions in store upgrades

Fashion retailer Oasis, which employs 330 staff in Ireland, plans to spend millions upgrading its stores here this year. Miriam Flahive, country manager for Oasis Ireland, said the company is expecting good growth as the economic recovery continues.

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Warning as number of Northern Ireland high street shoppers fall

The Northern Ireland Retail Consortium called for more Government support and blamed high taxes and minimum wages for the slump. The number of high street shoppers in Northern Ireland was 5% lower than a year ago, retailers warned.

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Topics: irish retail, irish retail news, Retail, Retail Ireland, retailers ireland, Uncategorized