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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Domenica Soldo on Sep 19, 2018 2:58:23 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.

 

Retail spend jumps 2.2%

Irish consumer spending rose 2.2% in August, on a year-on-year basis, aided by low inflation and rising wages. While the annual rate of growth was unchanged from July and weaker than the 4.8% average seen since 2014, further spending increases are expected up to the end of the year.

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Irish household spending rose +2.2% YOY in August

Irish household spending rose +2.2% year-on-year in August, research shows. The rate of expansion remains unchanged from that seen in July (+2.2%), according to the Visa’s Irish Consumer Spending Index, produced by IHS Markit.

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Research shows drop in number of adults who snack outside main meal

There has been a slight reduction in the proportion of adults who claim to snack outside of their main meals once a day or more often, dropping from 59% in 2017 to 54% in 2018. Recent research on behalf of Retail Intelligence by Empathy Research, amongst a nationally representative…

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Research sheds light on retail in-store competitions

New research carried out by B&A on behalf of the mobile marketing agency Return2Sender shows that Irish shoppers like in-store SMS competitions with as much as 62% of those surveyed saying that they enter in-store competitions while shopping. The Smartphone Ireland research also…

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Irish shoppers facing €19 hike in weekly supermarket grocery bills if 'hard Brexit' happens

A 'hard Brexit' could cost Irish shoppers €19 extra per week in their weekly grocery bills. Recent research from the ESRI revealed that if the UK leaves the EU without a trade deal in place then tariffs would be introduced, pushing consumer prices up.

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Irish customers may have to take a selfie when shopping online to reduce credit card fraud

New laws will require two forms of ID verification to use a credit card online from next September. It aims to reduce the millions lost to fraud — with nearly €21million in the first half of 2016 alone. Mastercard has started preparing for the change through biometric tech in the form of selfies or a…

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IFA calls out retailers over milk pricing

The Irish Farmers Association has used the occasion of winter price negotiations to criticise retailers for their lack of solidarity with farmers over the pricing of milk. With winter price negotiations about to commence between farmers and dairies over fresh milk for the retail trade, IFA national liquid…

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Is Tesco’s discount brand launch imminent?

Speculation that Tesco is about to launch a new discount retail brand has kicked into gear again, following the announcement of an "exciting" press event at a company-owned premises next week. With Aldi and Lidl gaining market share in the UK (as with everywhere), the rumours that…

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Aldi release gingerbread gin in stores across Ireland just in time for Christmas

Christmas season is fast approaching and now is the time to stock up on presents. But don't forget about a present for yourself during the frantic shopping. Aldi have just the thing to get you in the festive mood - gingerbread gin! The supermarket is set to launch its first ever gingerbread gin…

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SuperValu launches new campaign highlighting ‘value beyond the till’

New campaign aims to illustrate how SuperValu makes shoppers' lives better by offering great value and service that goes "beyond the till". SuperValu’s new ‘All things considered’ promotional campaign aims to get the retailer under the skin of the Irish shopper and unify everything…

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Lidl secures 60 new Irish suppliers through Kick Start programme

Now in its second year, Lidl's Kick Start supplier development programme has allowed the retailer to grow its current supplier base of over 200 Irish suppliers. In February, Lidl Ireland called out to Irish suppliers nationwide to enter products into its supplier development programme, Kick Start.

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Dunnes Stores has reportedly withdrawn from a possible takeover deal of Donnybrook Fair

It is believed that the talks between the two retailers have been ongoing for some which suggested they were nearing a conclusion. The discussions are understood to have recently ended, however, after a price could not be agreed, reports the Irish Times.

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Craft beer from Mayo will be on Lidl shelves

Last February, Lidl Ireland called out to Irish suppliers to enter products into their Supplier Development Programme, Kick Start. The programme, run by Lidl Ireland and supported by Bord Bia, is designed to help small and medium Irish food and drink businesses to grow their brand and…

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Done deal: Spar owner BWG snaps up Corrib Food Products

The owner of the Spar brand in Ireland, BWG Group, has agreed to buy Galway-based Corrib Food Products. Family-owned Corrib is active in the frozen food and poultry sectors and has annual turnover of around €40m. BWG Group CEO Leo Crawford said the deal would "make a very…

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Zara owner rings up record sales as retailer's new collections 'well received'

The owner of high street fashion giant Zara has rung up record sales and profits after shrugging off currency pressures and tough retail conditions. Spanish group Inditex reported a 3pc rise in net income to €1.4bn for the six months to July 1 - its highest ever half-year result.

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€300m in shopping centre sales in train

Up to nine of Ireland's leading regional shopping centres with a combined value of between €300m and €400m could be competing for buyers by the end of this year. The Irish Independent understands that a plan to bring Navan Shopping Centre to the market at a guide price in the…

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Coffee chain founder plans to open 15 new outlets in Northern Ireland

The founder of Irish coffee chain Insomnia has said he intends to open 15 more stores in Northern Ireland over the next four years, creating up to 150 new jobs. Harry O'Kelly's company currently has 151 coffee shops across Ireland and the UK. Just two of those are in Northern Ireland…

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M&S confirms launch date for Northern Ireland shop

Marks and Spencer has confirmed that it will open its new Craigavon store in two weeks with the creation of 56 jobs. The new food hall at the Marlborough Retail Park will open to the public on October 4, with Northern Ireland Great British Bake Off 2016 finalist Andrew Smyth set to attend…

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Debenhams stores in Northern Ireland on alert as KPMG called in to consider "closures and insolvency"

Staff at five Northern Ireland Debenhams stores are facing an uncertain future after auditors were called in to consider "closures and insolvency". The retailer has a total of 27,000 staff across the UK and Ireland, but would not be drawn on exactly how many it employs here.

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Primark fire: Campaign to bring shoppers back to Belfast

A new marketing campaign is attempting to attract shoppers to Belfast city centre in spite of the disruption caused by the Primark fire. Some stores have reported a drop in business of more than 50% since the fire two weeks ago. Sports stars Carl Frampton and David Healy, plus broadcaster…

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Topics: irish retail, irish retail news, irish retail sales, irish retailers, irish retailers news