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.
Retail sales down by 0.9% last month
The volume of retail sales fell by 0.9% in the month of April on the back of lower car sales, pharmaceuticals and books and newspapers. The latest figures from the Central Statistics Office show that retail sales - on an annual basis - rose by 6.8%. Retail sales are 7.5% higher on average in the first four months of the year than the same time last year.
Increased spending at garden centres shows green shoots of retail recovery
Irish consumers would rather have a hole in their shoe so they can spend on home improvements, a nice garden and the latest big-ticket kitchen and household appliances. An analysis of retail sales show that Irish shoppers have begun to spend again – but they are being increasingly selective about their priorities.
Retail property bounces back as experts predict growth
The retail market is "at its most positive since late 2006", according to Savills, with the scene set for strong increases in rents across the board. According to the property agent's latest report on the market here, Ireland is "firmly established on the path to economic recovery" and, importantly, demand is beginning to grow again, along with employment.
23% Of Irish Consumers Buy Ice Cream Weekly
More than one fifth of Irish shoppers (23%) buy ice cream at least once a week, according to the latest Consumer Insights survey by Empathy Research. Of 959 participants in the survey, this was mostly driven by the older age groups with a quarter of 35-44 year olds and 45+ year olds buying ice cream at least once a week, compared to only 9% of 18-24 year olds and 23% of 35-44 year olds. There was little difference between female (24%) and male (21%) participants that buy ice cream once a week, however participants with children (30%) were more likely to buy ice cream once a week than those without (15%).
61% o Irish SMEs expect sales increases this year
According to a new survey carried out by Behaviour and Attitudes for Bibby Financial Services Ireland, nearly half of Irish Small and Medium Enterprises (SMEs) saw sales increase in the first quarter of this year, while 61% expect sales to continue to rise for the rest of 2014.
Tesco says Irish market is 'starting to improve'
UK supermarket giant Tesco said this morning that its performance in the Irish market is “starting to improve”, although the market remains “ intensely competitive with high levels of untargeted couponing”. Tesco is the biggest retailer in the Irish market, with a 26.3 per cent market share, but its sales have suffered since the arrival of Aldi and Lidl. In the first quarter of 2014, it reported a 5.5 per cent decrease in like for like sales in Ireland.
Bord Bia / Tesco programme delivers €16 million worth of Irish food and drink sales
Seventeen Irish food and drink companies will today join the third annual Bord Bia/Tesco Supplier Development Programme which provides participants with tailored support and guidance to assist them secure, grow and maintain a listing with Tesco stores in Ireland and overseas.
Taste of Success: Lidl gives food producers chance to win up to €100,000
Budding connoisseurs are being given the opportunity to make their dreams a reality, with a new competition being launched by retailing giants Lidl. The German supermarket chain- which operates 140 stores in Ireland- has teamed up with RTE to produce a new show, inviting blossoming food producers to pitch their innovative product idea to win the opportunity to have it stocked in shops around the country.
Retail Tissue in Ireland – New Study Released
Retail tissue in Ireland was already moribund before the onset of the economic crisis, and the category has been further negatively impacted by the economic recession. The majority of Irish consumers are understandably prioritising other purchases over basic retail tissue items and this has led to declines across the board as Irish consumers are purchasing less retail tissue at much lower prices as economy brands and private label are now the most popular products in the category.
Kingfisher to pay special divi as sales and retail profits grow
DIY retailer Kingfisher reported Q1 total sales up 6.1% (+6.1% LFL) and retail profit up 20.3% to £142m. Kingfisher also announced a special dividend of 4.2p per share as part of the continuing capital returns programme. Kingfisher UK & Ireland total sales increased by 12.5% to £1,200 million (+10.1% LFL; +4.9% 2 year LFL) driven by a later Easter, much better weather compared to Q1 last year and some encouraging signs in both the underlying retail and smaller tradesman market.
Tesco completes Chinese joint venture deal
Supermarket giant Tesco has completed the creation of its Chinese joint venture, forming the largest multi-format retailer in China, it said today. The groups had already revealed plans earlier this year to combine Tesco's 131 branches and shopping mall operation in China, with China Resources Enterprise's Vanguard business that has 2,986 stores.
Costcutter switch ‘still on schedule’
The switchover of Costcutter, Mace and Kwiksave stores to their new supply deal with Palmer and Harvey (P&H) at the start of July remains on track despite earlier “teething issues” in Northern Ireland, says Costcutter boss Darcy Willson-Rymer. Speaking at the Pro-retail trade exhibition earlier this month (May) in Telford, Shropshire, he said: “We’re just weeks away from starting the migration. Despite one or two teething issues, we’re on schedule.”
Avonmore unveils new 'Be Ready' Campaign to support protein milk
Avonmore has kicked off a major promotional campaign for its new Protein Milk variant, entitled 'Be Ready'. The promotion will run in conjunction with the GAA provincial championships, which will continue throughout the month.
Lucozade Energy The Biggest Food & Drink Spender On Outdoor Advertising In April
The latest Posterwatch report from PML Group has found that Lucozade was the biggest spender on Outdoor advertising in April, accounting for €363k worth of spend in the period. Kenco Millicano was the second biggest spender on Outdoor, the study found, accounting for €298k worth of spend for its 'Sunlight Blend' campaign, with Brennan's Bread in third, accounting for €264k worth of spend. HB Magnum (€260k worth of spend) and Ribena (€248k worth of spend) rounded off the top five.
Retailer mixing of beef products slammed
Retailers have been accused of confusing shoppers over the origin of beef for sale on their shelves. Farm leaders have complained supermarkets are still stocking cheaper Irish beef and continue to use packaging and advertising that makes it difficult to distinguish where the beef is produced.
Exclusive Pádraig Harrington clothing range introduced in Dunnes Stores
Irish golfer Pádraig Harrington has teamed up with Dunnes Stores to produce a new men’s clothing line exclusively for the retailer. The range includes Pádraig Harrington branded base layer tops, waterproof and breathable outerwear, funnel necks and polo shirts in a variety of colours and designs, as well as shorts, trousers and golf socks.
Competition Authority clears acquisition of Arnotts
The Competition Authority has given its blessing to the acquisition of a 50 per cent stake in Dublin department store Arnotts by Fitzwilliam Finance Partners and Selfridges through a purchase of €140 million worth of loans to the retailer from Ulster Bank.
Wipro plans to expand workforce in Ireland
India's third largest software services firm Wipro said it plans to expand its workforce in Ireland by up to 100 people within a year to meet increasing business requirements. Currently, the Shannon Development Centre employs over 200 professionals, delivering IT and business process services' (BPS) offerings to marquee retail banking and insurance customers across Ireland and the UK.
Cos opens first standalone store in Ireland
Premium retailer Cos has opened its first standalone store in Ireland, building on the success of its concessions in the country. The 6,178.5 sq ft store is located on Wicklow Street in Dublin’s main shopping area. It will feature the H&M-owned chain’s full collections of womenswear, menswear and childrenswear.
Future Brands to distribute Lotto in the UK and Ireland
Italian sportswear major Lotto has signed a partnership agreement with India's Future Brands, part of the Batra Group, to distribute its performance and leisure lines in the UK and Ireland. The deal will see Future Brands launching with the Spring-Summer 2015 collection and distributing the footwear, clothing and accessories to specialised fashion stores, department stores, sport independents and selected e-commerce stores.
Paul Dunne named National Retail Manager 2014
Paul Dunne, manager of SuperValu in The Pavilions Shopping Centre, Swords, Co, Dublin has won National Retail Manager of the Year at the ShelfLife GRAM Awards last night (29 May). The ShelfLife Grocery Retail Management Awards, in association with The Irish Times, are the only awards to highlight exceptional managers, all across the country, at the heart of the Irish grocery sector.
Virtual reality and wearable technology offer opportunities for retailers
Mobile is only just catching up with desktop computing as a key retail channel, but the debate has already moved beyond mobile. The development of Google Glass, Apple's rumoured iWatch and the acquisition of virtual reality headset Oculus Rift by Facebook are the opening shots in the battle for a post-mobile future. These devices represent the industry's best guess as to the devices we'll be using when the handset is passé.