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.
Analyst: BWG Deal 'Should Make For A Good Combination'
A leading retail analyst in South Africa has given a broadly positive response to the takeover of 80% of BWG Group by Spar South Africa (SSA), which was announced last week.Speaking to Retail Intelligence, Michael Treherne of Vestact Asset Management, said that Spar South Africa is currently looking to obtain offshore cash flows, "and for that they would be willing to pay a premium."
Two Thirds Of Retailers Have Experienced Crime In Past 12 Months, ISME Study Finds
A study by the Irish Small and Medium Enterprises Association has found that just under two thirds (64%) of small to medium sized retail businesses have been victims of crime in the past 12 months.In addition, more than half of the business owners surveyed in Dublin (53%) said that they had been victims of crime in the past year.
Retailers defend decision to charge fees on pay-as-you-go
Retailers have come under fire after it emerged that some had decided to charge a fee on pay-as-you-go electricity and gas transactions. Retailers have long bemoaned the fact that these add on services like bill pay and toll charge transactions are actually costing them money yet they feel the need to have them in store as footfall-drivers.
Consumer Sentiment Reaches Seven-Year High
Consumer sentiment reached a seven-year high in July this year, according to the KBC Ireland/ESRI Consumer Sentiment Index.The index currently stands at 89.4, compared to 81.1 in June, which is the highest recorded consumer sentiment since July 2006. Additionally, the three month moving average rose to 83.3 from 82.6 in June.
DIGI: Wine Hit The Hardest By Two-Year 62% Excise Duty Increases
The Drinks Industry Group of Ireland (DIGI) have claimed that Irish wine small and medium enterprises (SMEs) will be forced out of existence if the government continue to raise excise duty. The drinks group recently launched its ‘Support your local’ campaign to highlight that there have been tax increases of 62% or €1.50 on the average bottle of wine in the last two budgets, meaning that wine has been the hardest hit alcohol category in the industry.
Maximising profit at Food & Hospitality Ireland
At September’s Food & Hospitality Ireland, the food, retail and hospitality sectors will be firmly in the spotlight. This year’s event will be focused on helping retailers and those in the hospitality industry maximise their profits in the months ahead.
59% Of Irish Consumers ‘Always Buy’ Irish Meat
In light of the recent butcher meat origin testing by the Irish Farmers’ Association (IFA), this week's Consumer Insights study by Empathy Research examines how important provenance is to Irish consumers.
Irish products win big at the Great Taste Awards
Irish producers win prestigious accolades at the Great Taste Aawrds 2014. Aldi Ireland has picked up 35 awards at the international 2014 Great Taste Awards in London, winning more titles than any other retailer in Ireland.
Irish food is on the move
New Irish food companies are fighting to take their place internationally. With more support than ever, they are succeeding. Food is a growth business in Ireland at the moment. The international demand for Irish food products is soaring. New Irish food entrepreneurs are creating unusual and exciting products.
Glanbia Consumer Foods Division Likely To Post 'Challenging' H1 Results
Glanbia's Dairy Ireland consumer foods portfolio is likely to post a "challenging" H1 performance, according to Davy analyst Cathal Kenny. Glanbia posts interim results for the first half of the year on Wednesday, which are expected to reflect 'solid momentum' across its business, however, its Dairy Ireland portfolio remains hampered by a challenging retail market here.
Tesco denied planning for €15m hypermarket on west side of Galway
Galway residents hope a community park will be built on a site earmarked for a Tesco hypermarket.
This follows An Bord Pleanála’s decision to refuse planning permission for the hypermarket, on grounds that it would detract from the “vitality and viability” of Galway city centre.
Gala Retail Announces New ‘Gala Up The Hill For Jack & Jill’ Charity Campaign
Gala Retail has announced details of a new charity initiative to raise funds for the Jack & Jill Foundation, entitled ‘Gala Up the Hill for Jack & Jill’. As part of the initiative, members of the public will be called on to put on their walking shoes and climb a hill during the month of September, to raise much-needed funds for the children's charity, which is facing a funding shortfall of €200,000 this year.
Newcastle West primed for boost under new retail plans
The Limerick City Business Association is planning to target growth in Newcastle West, and other west towns. Having teamed up with Retail Excellence Ireland (REI) for its ‘Pilot Cities’ project, which is designed to encourage growth in Limerick, the association is to additionally switch its attention to Newcastle West.