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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Manikandan Anbukkarasu on Feb 6, 2019 3:19:38 PM

CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. 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.

 

Strong Christmas sales drive VAT receipts to record €2.7bn

VAT receipts jumped to a record €2.7 billion in January as strong pre-Christmas sales boosted the Government’s tax take for the month. The latest exchequer returns show the sales tax accounted for more than half the €5.4 billion in tax collected by the Government last month….

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23% VAT hike on health supplements 'will have a detrimental impact' on retailers

Retail Excellence has said that the proposed 23% VAT increase on health supplements will have a detrimental impact on consumers, retailers and local economies across Ireland. The group is calling on the Government to review the proposed….

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Most Christmas shoppers bought at least one gift online - but probably not through an Irish store

A quarter of shoppers in Ireland increased their online spend last year – but few transactions were made through indigenous retailers, according to a new survey. An Amárach Research poll of 1,100 people found that the majority….

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Smartphone shopping expected to drive Irish internet sales by €10billion

Smartphone shopping at the click of a button is expected to help to drive internet shopping sales to nearly €10billion in Ireland by 2023. A new study from Euromonitor International found the penetration of high-speed broadband across Ireland along with….

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Guaranteed Irish celebrates 45 years of championing Irish business

Revenues among Guaranteed Irish member brands grew to a massive €26.2 billion in 2018, a year-on-year increase of €350m. Turnover for sales in Ireland also grew in 2018, reaching €11.2 billion. The strong figures come on the back of a relaunch of Guaranteed Irish last year, renewing its position as….

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Euro zone retail sales dragged down by German slump in December

Euro zone retail sales fell as expected in December as non-food sales and online purchases in particular declined, dragged down by the steepest decline in shopping in Germany in 11 years. The European Union's statistics office, Eurostat, said that euro zone retail sales were down 1.6% month-on-month in December,

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The Ilac's owners hope to turn Henry Street into a Dundrum-style late-night shopping district

The owners of the Ilac Shopping Centre are in talks with Henry Street retailers with the intention of turning the area into a late-night shopping district. Hammerson, a UK-based firm which entered the Irish market in 2015, co-owns the Ilac….

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Centra delivers record sales of €1.63 billion in 2018

Centra registered a new record in 2018 after hitting sales of €1.63 billion, an increase of 3.6% year on year. The convenience retailer plans to build on this momentum by opening 25 new stores across the country this year, as well….

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Centra to open 25 new stores and undergoing 'revamp' as part of €35m investment

Centra is planning to open 25 new stores across Ireland as part of a €35m investment that will help create 375 jobs to the group network. The retailer, which reported record sales of €1.63bn last year, said that it was also planning to "revamp" 80 of its existing shops….

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Tesco drew down €3m from government fund to 'go green' with its lighting systems

Tesco Ireland drew down nearly €3 million from the government’s energy fund to upgrade its heating and lighting systems. The supermarket chain had a multi-store LED lighting upgrade across seven Tesco stores nationwide, which was funded by the Ireland….

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Tesco Appoints Christine Heffernan As Group Communications Director

Christine Heffernan will join Tesco’s executive committee as group communications director from 1 March 2019. Heffernan most recently worked as executive director to Group CEO Dave Lewis. Prior to that, she spent five years as director of corporate affairs in Tesco Ireland.

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Samantha McCaughren: 'Tesco feels the squeeze of polarised grocery market'

The topline figures for the Irish grocery market for Christmas 2018 painted a very upbeat picture for supermarkets. According to Kantar Worldpanel, the grocery market grew by a healthy 3pc over the 12 weeks to December 30, with the research firm hailing it….

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Lidl Ireland Leaps into Another Year of Partnership with The Ladies Gaelic Football Association

Lidl Ireland has announced plans for their fourth year of partnership with the Ladies Gaelic Football Association, at the 2019 Lidl Ladies National Football League launch. Following on from the phenomenal success of the #SeriousSupport campaign last year….

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M&S, Ocado shares rise on report of food delivery deal

Shares in British retailer Marks & Spencer and online supermarket Ocado rose sharply on Monday on the back of a Sunday newspaper report that they are in talks on the launch of an M&S food delivery service. The Mail on Sunday said talks between M&S and Ocado executives have been conducted over the past few weeks....

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Sainsbury's-Asda deal could live with upwards of 132 store disposals: UBS

The proposed merger of Sainsbury's and rival supermarket operator Asda would be viable even if regulators forced the group to dispose of 132 stores or more, Sainsbury's house broker UBS has said. Sainsbury's and Asda, which is owned by Walmart, agreed the £7.3 billion (€8.4 billion) deal in April last year....

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Iceland launches plastic bottle recycling trial at Belfast store

Iceland has unveiled what it claims is Northern Ireland's first in-store reverse vending machine for plastic bottles as part of a six-month recycling trial launched today….

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Struggling retail sector dragging down north's commercial property sector

A weak retail sector is dragging down an otherwise strong commercial property market in the north, according to a new report. The latest RICS and Ulster Bank Commercial Market Survey, covering the….

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Primark confirms date for opening of second Belfast store

On Friday a Primark spokeswoman said: “We are delighted to announce that our second store in Belfast City Centre, on Donegall Place, will open for business on Tuesday, April 16. "Donegall Place opens in addition to our store on Castle Street, which started….

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Topics: retail trends, irishretailnews, irish retailers news, retailers, Retail News Ireland