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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Manikandan Anbukkarasu on Jan 16, 2019 4:42:16 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.

 

Irish shoppers are the biggest spenders, report shows

Irish consumers are the biggest shopaholics in the world with more spent in department stores than any other nation. Figures from Euromonitor International reveal that Irish shoppers are the biggest spenders per capita ahead….

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Consumer Price Index: Prices rise by 0.6% in the year to November 2018

Prices on average, as measured by the CPI, were 0.6% higher in November compared with November 2017. The most notable changes in the year were increases in Housing, Water, Electricity, Gas & Other Fuels (+5.1%), Alcoholic Beverages & Tobacco (+3.1%)….

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Irish retail sales weaker than expected as Black Friday bites

Irish retail sales increased 0.4pc year-on-year in value terms in November, excluding the motor trade. Sales of electrical goods (up 6.8pc) and in bars (up 4.1pc) - helped the volume of sales grow 0.2pc compared to October of year. Merrion Capital economist….

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Retail sales volume decreased by 0.1% in November 2018

Seasonally adjusted there was a decrease of 0.1% in the volume of retail sales in the month of November, with an annual increase of 3.6%. See Table 1. If Motor Trades are excluded, there was an increase of 0.2% in the volume of retail sales in November 2018….

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Ireland November retail sales growth slows

Ireland's retail sales increased at the slowest pace in three months in November, data from the Central Statistics Office showed on Tuesday. The volume of retail sales climbed a seasonally adjusted 3.6 percent year-on-year in November, reversing a 6.4 percent increase in October….

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Global consumer trends that will define 2019

THE last year proved challenging after a surge in the number of retailers collapsing into administration, closing stores or cutting rents using the CVA (company voluntary arrangement) insolvency process….

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Irish grocery market hits festive record as retailers cash in on Christmas, Kantar World panel reports

The Irish grocery market grew by an impressive 3.0% over the 12 weeks to 30 December, ensuring a record festive period for retailers. The latest Kantar Worldpanel data shows value sales reached €995 million in the month of December….

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Footfall blamed as two units close on key shopping street in Limerick city.

QUESTIONS have been asked as to the future of Cruises Street and its surrounds in Limerick after two further shops ceased trading in the pedestrianised retail zone. The craft shop Art and Hobby and the shoe shop Korkys, based at adjoining Chapel Lane….

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Generational shifts feed into decline of retail

As we rid ourselves of the final detritus of Christmas, the state of retail will be an ongoing topic for 2019. Before Christmas, dire warnings about retail were sounded. These warnings are part of a three-pronged pattern. The first part of the pattern is the broader story about….

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Online disruptors gate-crash Irish retailers' traditional Christmas party

Despite a strongly-growing economy, rising incomes and record employment levels, growth in retail sales remains relatively sluggish as the rise of online shopping drains away an ever-increasing proportion of consumers' increased spending power….

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Eurozone retail sales rise in rare sign of optimism in bloc

Eurozone retail sales jumped in November, according to statistics agency Eurostat, posting their second successive month of gains and breaking a recent run of poor economic data from the bloc. Retail sales in the eurozone rose by 0.6pc in November from October….

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Kildare location of IKEA-style homewares store JYSK revealed

A Danish home retail brand will open its first Irish store in Co. Kildare. The store will be located at the Naas Retail Park, Jigginstown and will open in early April. JYSK plan to open 15 stores around Ireland in the next two years, creating 200 jobs. Two further stores will open in….

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Gucci's Irish sales tumble as it closes Kildare store

Luxury goods group Gucci saw its turnover in Ireland tumble 35pc to €4m in its last financial year after it closed its outlet store in Kildare Village. Newly-filed accounts for the company's Irish operation confirm the sharp decline and directors of the firm….

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Debenhams ‘to close 90 stores putting 10,000 jobs at risk’ as part of turnaround plan

The struggling retailer announced last year that it would be closing 50 stores of its 165 stores in the UK and Ireland over the next five years. This initial tranche of closures was estimated to affect around 4,000 jobs….

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Primark and Boohoo next in line to reveal Christmas trading

High street fashion giant Primark and online rival Boohoo will be among the next batch of retailers to report back on their festive fortunes. Primark figures will be watched closely for how it has fared after it already warned trading has been "challenging" in the run-up to Christmas ….

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Kilkenny retailers can boost their business by signing up to Age Friendly programme for free

RETAILERS across Kilkenny city and county are being urged to become accredited Age Friendly businesses. According to estimates, some 1.4 million people will be aged 65 and over by 2041 – more than one-in-five of the total population….

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Returning goods purchased online is ‘too much hassle’ for Irish adults - An Post survey

A new study shows two-thirds of people are not completely satisfied with items bought online, but just 38% send them back. The research by An Post found that clothes are the most difficult items to buy with 62% saying sizes are too hard to judge….

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Underwhelming sales performance from Tesco Ireland as Aldi sees boost

Increased competition among supermarket chains hurt Tesco Ireland in the run-up to Christmas, with the group seeing a dip in sales in its third quarter. The retailer recorded flat like-for-like sales over the 19 weeks ending January 5th, it said in a trading statement….

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Dunnes leads the way as Ireland's top supermarket for second Christmas in a row

For the second Christmas in a row and the fourth consecutive period overall Dunnes was Ireland’s leading retailer, accounting for 23% of the grocery market – its highest Christmas share since 2013. The latest grocery market share figures from Kantar….

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Tesco shares boost from Christmas sales in UK

UK retail shares, led by Tesco, rose after figures over the key Christmas period showed consumer spending was more robust than expected. The UK’s largest supermarket, which will publish its holiday trading update tomorrow, was crowned Christmas winner, broker Jefferies said….

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Lidl launches impact study on Kildare

Lidl Ireland has, today, launched its 2018 IMPACT report, a major study of the positive impact Lidl is having on the communities it serves throughout Ireland including Kildare. There are ten stores throughout Kildare and it has a major distribution centre based in Newbridge where a new €100 million centre is currently under construction to replace the existing facility….

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Lidl sources €4 million worth of food from Offaly suppliers

Lidl Ireland sourced over €4 million worth of agri-food produce from Offaly suppliers, a 2018 IMPACT report by the German retailer has found. The major study looked at the impact Lidl is having on the communities it serves throughout Ireland….

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Aldi Ireland delivers record Christmas sales growth of 10%

Aldi Ireland has recorded its 'best-ever' Christmas trading period, generating record sales growth of 10% on the previous year. In a statement the German retail said that the week commencing 17 December was Aldi’s busiest-ever in Ireland, as they….

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Discounter Aldi had £1bn of UK sales in December

Aldi rang up sales of almost £1bn in the UK during December as the discount supermarket experienced its best ever Christmas trading period. The company said yesterday that sales were driven by customers switching from other food retailers amid higher demand for its premium ranges….

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Turnover and staff numbers up at Armagh agri-food leader Avondale

A Co Armagh food firm that supplies some of the UK's biggest supermarkets expanded its workforce by 10% last year. New accounts for Avondale Foods revealed that despite pre-tax profits dipping 42% to £2.6m for the year to March 31, 2018, turnover rose 1.5% to £51.5m….

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M&S adds to Christmas casualties after UK sales fall

Marks & Spencer has joined the list of retail Christmas turkeys after reporting further sales falls in its embattled clothing arm and food halls. The retail bellwether said like-for-like clothing and home sales dropped 2.4% over the 13 weeks to December 29, while comparable food sales fell 2.1%....

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Retail NI sets out priorities for 2019

Glyn Roberts, Retail NI chief executive, said: “2019 will be a critical year for Northern Ireland and its economy. Brexit, no Stormont Government for a second year and the reconstruction of the retail sector and the high street are all huge challenges….

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Retail footfall growth but need for Executive critical

Northern Ireland was the only region of the UK to see a rise in retail footfall in December as the province enjoyed its third consecutive month of growth. The findings come in the latest Springboard footfall monitor released by the Northern Ireland Retail Consortium (NIRC) and show that while the high street saw a rise of….

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Positive signs for North's retail sector as shopping centres report record 2018

THE retail gloom appears to be lifting after two of the north's leading shopping centres reported record years. Craigavon's Rushmere centre has officially registered the festive trading per….

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Lidl to mark Dundonald return with new concept superstore

German supermarket chain Lidl is preparing to build its 39th store in Northern Ireland in a total investment of nearly £7m. It's set to demolish an existing building in Dundonald to make way for a brand new 'concept' food store on Dunlady Road….

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Discount superstore and drive-thru on the way for Glengormley

One of the UK’s fastest growing retailers has started work on a new 40,000 square foot store in Glengormley. The Range has confirmed that 70 new jobs will be created when its new unit next to the Tesco Extra at the Northcott Shopping Centre opens later in the year….

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Outlook mixed for Northern Ireland small retailers after tough Christmas

Independent retailers here are trying to stay buoyant after a challenging Christmas period for the sector. Jeweller Argento, one of our most successful home-grown chains, reported a 5% dip in sales, while Ballymena town centre has lost two businesses in the first week of 2019….

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