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.
Nest to launch thermostat product in Ireland
Nest Labs, which was acquired by Google in a $3.2 billion deal earlier this year, is to launch its range of smart thermostats in Ireland later this month. The Nest Learning Thermostat and Nest Protect: Smoke + Carbon Monoxide alarm will be sold in approximately 400 retail stores across Europe, including Ireland, with another 150 stores to be added by the end of the year. Nest has not yet disclosed pricing for the product in Ireland, but in UK the thermostat costs £249 (including installation) and £89 for Nest Protect.
Shoppers engage with just 1% of fixtures in-store, POPAI Conference reveals
Shoppers actively engage with just 1% of product displays in-store during a typical supermarket visit, according to Martin Kingdon, director general, POPAI UK & Ireland. Kingdon was among the speakers at the POPAI UK & Ireland Irish Shopper Marketing & In-Store Conference, held last Thursday at the Spencer Hotel, Dublin. The conference examined the different ways that retailers and manufacturers could use unique and surprising point-of-purchase marketing to give their sales a boost.
Ibec: Consumer fear factor starting to ease
Retailers will be happy to know that consumer recovery is well underway, according to Ibec’s Consumer Monitor 2014. The group that represents Irish business said that rising employment, strong consumer sentiment and recovering retail sales now indicate a solid recovery in the domestic economy.
Food and drink prices rising at lowest level since March 2012
The latest supermarket share figures from Kantar Worldpanel in Ireland, published today (1 September) for the 12 weeks ending 17 August, show food and drink prices rising at the lowest level since March 2012. Grocery price inflation now stands at 1.5%, down from 1.9% last period.
Retail and food & beverage professionals 'score lowest' in Digital Skills Test
A new report from the Digital Marketing Institute (DMI) has shown that those in the retail and food and beverage industries have the lowest levels of competency when it comes to digital skills. The DMI assessed 380 people in Ireland with its free online diagnostic tool www.TestYourDigital.com to show how Irish professionals measure up when it comes to their digital skills for business.
Six steps to save Tesco
Tesco, Britain and Ireland's largest retailer, is in crisis. A series of profit warnings, a 75pc cut in the dividend, brutal price competition from the discounters, disastrous overseas expansion and now a new chief executive. What can be done to turn this retailing giant around? Here are the six steps that new boss Dave Lewis must now take to save Tesco.
More than half of Irish adults buy wine from supermarkets & off-licenses monthly
Half (52%) of Irish adults buy wine from a supermarket or off-license at least once a month according to the latest Consumer Insights survey from Empathy Research. Of 950 survey participants, slightly more women (56%) than men (50%) are likely to purchase wine this frequently. Looking at this by age profile, 45+ year olds are more likely to buy wine from a supermarket or off-license at least once a month than younger age groups.
Donegal retailer wins Costcutter Supermarket of the Year Award
Doherty’s from Carndonagh, Co. Donegal was named as the Costcutter Supermarket of the Year at the group’s annual awards on 2 September. According to the judges, Doherty’s high standards and their passion for their business made them stand out. They said: “This store has maintained consistently high levels of standards in retail excellence, hygiene and customer service which has brought many accolades in the past number of years and is a testament to the hard work and vision of a retailer who is so passionate about his business.
Consumers can save €2k on bills by shopping around
Consumers are missing out on an average of €2,000 in savings on household bills by failing to shop around for the likes of health insurance, broadband and banking provider. Amárach Research examined the consumer switching behaviour of 1,001 people over 15 across a range of household bills. It found that bank charges made up a significant proportion of the €2,000, with only one in 10 consumers switching their main bank account in the last year.
Improving retail sector set to spark strong interest in €120m portfolio
One of the largest retail investment portfolios ever brought to market in Ireland was yesterday launched by joint selling agents Savills and Bannon with a guide price of €120m. The Spectrum Portfolio consists of seven assets, including three in Dublin and another just outside Cork City, which produce a rent yield of 9% or approximately €11m per annum.
Black: New Tesco boss Lewis to focus on Ireland turnaround
Retail analyst Clive Black, of Shore Capital Stockbrokers, has said that he expects new Tesco group chief executive Dave Lewis (pictured) to make turning around the retailer's Irish business an 'urgent' priority. In a briefing document, entitled 'Irish woes compound core chain challenges', Black said that "Lewis' challenges are not confined to the UK alone," noting how "Tesco is losing market share apace in Ireland too, with limited assortment discounters, Aldi and Lidl in particular, gaining share at a rapid rate."
€65 wine on sale in Lidl is its 'most expensive yet'
Lidl Ireland launched its fine French wine sale yesterday, offering a Pomerol AOP Château Nenin 2010 at €65, which according to a Lidl spokesperson is the "highest priced wine [Lidl] has had on sale" to date.
King Henry helps to double attendance at Centra Community Hurling events
Henry Shefflin and Pádraic Maher have had busy summers on the inter-county front but the work they've done behind the scenes with Centra has helped double the attendance of last year's Centra Community Hurling events. This summer 2,700 children aged between five and 12 attended the 16 events around the country to help promote the game in both established and developing hurling counties.
Dunnes recall bags of rice due to insect contamination
Dunnes Stores recalled bags of rice aimed at families from shop shelves due to insect contamination. The Food Safety Authority today said that the 1kg bag of its ‘my family favourites’ Easy Cook Rice is being removed from shop shelves due to the presence of rice weevils in some packs. Rice weevils measure between two and three millimetres and are reddish brown in colour.
Cooking up new ideas at Food & Hospitality Ireland - One week to go!
On the 17th and 18th of September, the food, retail and hospitality sectors will be firmly in the spotlight at Food & Hospitality Ireland – a trade event that’s supported by the RAI, Craft Butchers Association, CSNA, Retail Ireland and the Coeliac Society of Ireland.