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.
47pc of Irish people intend to watch World Cup, but no great boost expected for retailers
Almost half the Irish population intend to watch this year’s FIFA World Cup in Brazil, despite the fact that Ireland isn’t taking part, according to research published by e-commerce company Webloyalty. The survey into Irish people’s intended purchases reveals that snacks, pizza and other fast food items top the list, but otherwise retailers will take a hit compared to when we previously qualified.
Irish still like to go clothes shopping
Ireland is a nation of dedicated followers of fashion, with almost 40% of people shopping for new clothes every month. Almost one in five (18%) shop for new threads every week, a survey of over 2,000 people across Ireland reveals. Three out of four people spend up to €1,000 on the latest fashion trends each year while one in five spend up to €3,000. More than half (54%) admitted having clothes in their wardrobe with tags on them.
Two thirds of Irish consumers more open to International Cuisine
With the World Cup kicking off this week, the latest Consumer Insights from Empathy Research found that two-thirds of Irish adults think their willingness to try new types of international cuisine has widened in recent years. There were a total of 902 participants.
Grocery Price Inflation At Highest Level So Far This Year
Price inflation in Irish supermarkets now stands at 2.6%, which is the highest point so far this year, according to data from Kantar Worldpanel. The data covers the 12-week period to May 25. In the previous 12-week period to 27 April, grocery market inflation stood at 2.5%, while in the period before that (to 30 March), inflation stood at 1.9%. However, inflation is down from the recent high of 5.8% that was recorded in February 2013.
More Consumers Following Brands On Social Media Platforms
The latest Pulse research study by Carat has found that 65% of people now follow brands on various social media platforms, up from 56% last year. According to the survey, more and more time is being spent on social networks, and 94% of Irish people have at least one social media profile, up from 91% last year, and 85% in 2012.
Furniture and lighting sales boosted by house revival
Retail Ireland, the employers' group that represents the retail industry, this weekend described the latest Central Statistics Office (CSO) figures as encouraging – and believe the trend will continue for the rest of the year. The value of sales, excluding motor trades and bars, rose by 2.1 per cent compared with April 2013, while the volume of sales increased by 4.9 per cent.
Eurozone retail sales PMI was stagnant in May; Official data shows rise in April
Eurozone retail sales were stagnant from the previous month in May, according to the latest PMI (purchasing managers' index) data from Markit. This stagnation at the aggregate level masked contrasting trends across the big-three Eurozone nations, however, with a solid drop in sales in Italy countering a notable rise in trade in Germany and a slight uptick in France.
More and more people are shopping with Aldi and Lidl as Tesco loses out
Tesco continues to have the largest share of the Irish grocery market but its competitors have closed the gap over the past year. Supermarket figures from consumer researcher Kantar Worldpanel show that, in the 12 weeks until the end of May, Tesco had a market share of 26.3%.
Dunnes’ pricing promos pay off
Dunnes Stores ‘round euro’ pricing promotions helped it to marginally increase its grocery sales in the three months to the end of last month — the only one of the major multiples to do so. Latest supermarket sector data — from consumer insights agency Kantar World panel — shows that Dunnes’ over-the-counter grocery sales increased by 0.7%, year-on-year, during the 12 weeks to May 25. In comparison, Tesco Ireland saw its sales fall by 4.7% and SuperValu dipped by 0.1%.
New councils must act to stop rot, say shopowners
Struggling retailers in towns across the country have laid down the gauntlet to newly elected officials to act fast to curb the growing number of boarded-up units in their own decaying regional centres.
First meeting of Retail Consultation Forum held in Dublin Castle
Minister for Small Business John Perry TD has addressed the opening of the first meeting of the Retail Consultation Forum in Dublin Castle. Minister for Jobs, Enterprise and Innovation, Richard Bruton TD also attended the forum, which includes representatives from the retail sector and from key Government departments and agencies and will consider ongoing and emerging issues facing the industry.
'Frustrating' That Government Is Ignoring Evidence
The National Federation of Retail Newsagents in Ireland has criticised the decision by Minister for Health James Reilly to press ahead with plain packaging proposals, fearing that if enacted, they will significantly affect the struggling retail industry in Ireland.
Breakfast briefing: Retail news on Tesco, Carphone Warehouse, Primark and more
Tesco Ireland hires former Aldi executive, EE assures Carphone Warehouse over plans to sell direct, Primark poised to sign for Pavilions shopping centre, Farmfoods sales surge but profits fall.
Spar takes leisurely look at shopping
While supermarket advertising plays up the ritual of the big weekly shop, convenience stores go the other direction, promoting the idea of grocery shopping as an “effortless everyday occurrence”. A new television campaign for Spar portrays customers engaged in various leisure activities including painting, yoga, bird-watching and, er, water-skiing. Using the tagline “get your life back”, it suggests that convenience shopping habits have freed up time to allow them to pursue their interests.
Now Spar, Mace want to offer postal services
BWG foods, which operates franchises such as Spar and Mace, has entered negotiations with An Post with the view to opening dozens of so-called 'Post and Pay' outlets. These outlets provide services such as the payment of bills, sending letters and mobile phone and stamp purchases. The Irish Independent revealed in March that An Post had struck a deal with Tesco in a move that opponents warned would "cannibalise" the network.
Supervalu launch meals designed by favourite recipes of GAA stars
SuperValu, proud sponsor of the GAA Football All Ireland Championship, today teamed up with Dublin’s Bernard Brogan, Tyrone’s Sean Cavanagh, Monaghan’s Dick Clerkin and celebrity chef Kevin Dundon to create the ‘GAA Winning Tastes of Summer’, a selection of favourite recipes made from quality produce that our GAA stars have compiled to share with fans for the Championship ahead.
RadioShack Bets on Startups to Boost Store Traffic
RadioShack Corp. is betting that helping hardware startups can bring more traffic into its stores. The retail chain on Thursday is announcing an unusual partnership with PCH International Ltd., an Ireland-based company that helps large and small companies design, manufacture and distribute electronic products from facilities in China.
Britain to introduce 5p plastic bag charge 12 years after Ireland
A 5p charge will be introduced in England from October 2015 to help reduce the number of plastic bags handed out by retailers across the country, many of which end up as litter and harm the environment. But small retailers will be exempt from the charge, to prevent imposing burdens on start-up and growing businesses, the Government said.
National average commercial vacancy rate rises to 12.4pc
The national average commercial vacancy rate has increased from 11.4pc in the first quarter last year to 12.4pc in Q1 2014, according to new research published by GeoDirectory. For the first time the GeoView report includes an analysis of the commercial vacancy rates of a selection of Ireland’s main shopping centres and high streets in Dublin, Cork, Galway, Kilkenny and Limerick.
Baby food maker Heavenly Tasty Organics gets Tesco Ireland listing
Tyrone-based Heavenly Tasty Organics has secured a listing for its range of chilled weaning foods for babies in 36 Tesco Ireland stores. The company, which was set up in August 2011 by Shauna McCarney-Blair, specialises in natural fruit purees of apple and pear for weaning babies from four to six months onwards.
COS opens first standalone store in Ireland
Scandinavian clothing label COS has opened its first standalone store in the capital city of Ireland. Located in Wicklow Street, a main shopping area in Dublin, the 574 square-meters shop is divided into two different floors and features the full SS’14 collection including womenswear, menswear and childrenswear. Regarding the interior design, it follows the COS aesthetics, characterized by the use of natural materials and a minimalistic approach.
Henderson Group continues expansion after record year
Northern Ireland food and retail company Henderson Group has announced a 3.6% rise in turnover to nearly £643m as it marked a record year in 2013. The retail, wholesale and foodservice giant, which employs over 2,400 people, also announced record profits of £18.4m in 2013, up 17.5% on the previous year.