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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Jun 20, 2018, 2:23:36 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.

 

Ireland among world's biggest drinking nations, report shows

Ireland is among the world’s biggest drinking nations along with Germany and Czech Republic, according to a new report. New Euromonitor figures show Ireland comes fourth on the worldwide table when it comes to downing alcoholic beverages of all types.

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American Express introduces new cashback credit card to appeal to millennials

American Express AXP, -1.35% once an exclusive credit-card company only available to the biggest spenders, is making its cards even easier to get. On Thursday, the company released the American Express Cash Magnet card. It has no annual fee and pays unlimited 1.5% cashback.

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Border retailers fear Brexit 'will lead to increase in smuggling'

Businesses on both sides of the Irish border are being hit harder in the pocket by smuggling - and fear their situation will only be exacerbated by Brexit. Since last year, border retailers in both jurisdictions are 70 per cent more concerned about the impact Brexit will have on smuggling and the sale of illicit goods in their communities.

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Stores on Irish border becoming more concerned about impact of Brexit

Retailers on the Irish border are becoming more concerned about the impact Brexit will have on smuggling and the sale of illicit goods on their communities, according to a survey by Retailers Against Smuggling (RAS) and Retail NI.

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Tesco Ireland reports sales growth of 3pc in three months

Tesco has reported like-for-like sales growth of 3pc in the Republic of Ireland in the three months to 26 May. The Irish performance comes despite the grocery giant experiencing a one day store closure in March as a result of Storm Emma.

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Tesco’s Irish sales growth buoyant on the back of lower prices

Competitive pricing in the Republic of Ireland has helped Tesco grew like-for-like sales in the region by 3 per cent in the first quarter, the company said on Friday. Growth in the State was particularly strong, outperforming the UK market, with the 3 per cent growth considerably higher than the…

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Tesco and Iceland report ecommerce growth as more food sales go online

In the week that official ONS figures show online food sales took a record share of the market – at 5.8% of all retail sales in the sector – how are grocery retailers responding to the change? We report on what Tesco, an Elite retailer in IRUK Top500 research, and Iceland, a Top250 retailer, said, as they both gave an update on their figures today.

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Bernie’s SuperValu Roscrea to host Autism Awareness Evening

Bernie’s SuperValu Roscrea will host an Autism Awareness workshop in conjunction with AsIAm on Monday 25th June in The Cosy Kitchen, SuperValu, Roscrea at 7pm. To support SuperValu’s continued journey in supporting the autism community, Adam Harris from AsIAM has designed a…

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Musgrave named Europe’s Top Family Business

The Musgrave Group has won a prestigious award at the annual European Families in Business Awards, which took place in Madrid this week. The group, which operates the the Centra, SuperValu, Mace and Daybreak symbol groups, as well as the Musgrave Marketplace wholesale business…

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Laois shines at the Aldi Community Games in Limerick

As the sun set over Castletroy in Limerick the general consensus of competitors, families and officials was, that The Aldi Community Games, May National Finals were a resounding success in its new home of The University of Limerick.

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Gala donates 60,000 of own-brand water to Special Olympics Athletes

Gala Retail has announced that it has donated 60,000 bottles of its own-brand water to this years Special Olympics athletes. President Michael D Higgins is set to officially open the Ireland Games this evening at an official opening ceremony which will take place this evening at Tallaght Stadium, Dublin.

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Wages pressure to hit retail, warns BWG boss

Increasing wages and other costs such as high insurance premiums will make it very difficult for retailers in 2019, the CEO of BWG, Leo Crawford, has warned. BWG, the owner in Ireland of the Spar and Mace chains, will deliver double-digit profit growth for the year to September 2018.

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Cornering a slice of the retail revival

Christmas hasn't quite come early for BWG boss Leo Crawford, but the group's annual trade show last week did bring some off-season Christmas cheer to retailers visiting the Citywest Convention Centre.

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BWG Foods trade event generates €23m in sales for exhibiting suppliers

A record €23 million worth of sales was reportedly generated for exhibiting suppliers at BWG Foods retail trade event in the Citywest Hotel Dublin last week. More than 1,000 independent retailers from the across the country attended the event.

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Profits down despite increased revenues at Boots Ireland

The Irish arm of pharmacy retailer Boots last year recorded a 16pc decrease in pre-tax profits to €21.55m in spite of revenues continuing to rise. Boosted by the opening of two new stores, Boots Retail (Ireland) Ltd's revenues last year increased by 3pc going from €367m to €378.44m.

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Lloyds Pharmacy workers to strike again after hour-long picket today

According to a representative from Mandate Trade Union, Lloyds Pharmacy workers will strike again next week following the one-hour picket that took place today. “We had over 200 people [from 30 stores] on the picket today but unfortunately, it is looking likely at this point that a strike will take…

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Debenhams shares plunge after third profit warning this year

Debenhams shares plunged after the retailer issued its third profit warning for 2018, saying market weakness and competitor discounting had hit sales. The department store chain suffered 1.7% drop in like-for-like sales over the 15 weeks to June 16, and said trading was “below plan” in May and…

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McDonald's dumps plastic straws in UK, Ireland

McDonald's said it will switch to paper straws at all its locations in the United Kingdom and Ireland, and test an alternative to plastic ones in some of its US restaurants later this year. The burger chain and other fast-food companies are facing increasing pressure from customers and environmental…

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Top Oil announces new 24-hour Spar run service station in Ballyvolane

Top Oil, one of Ireland’s leading fuel services provider, has officially opened its latest forecourt, Ballyvolane, Cork. The new multi-million-euro investment will employ over 80 people in a 24-hour forecourt store which will offer a wide variety of services.

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Thomas Ennis wins Maxol Excellence Award

Maxol recently announced the winners of its 2017 – 2018 Excellence Awards at the Maxol Conference in the K Club, Co. Kildare. Maxol Longmile Road has been honoured in the ‘Excellence in Customer Experience’ category. The Excellence Awards promote and reward excellence across a number of categories throughout the Maxol network of 231 service stations across Ireland.

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H&M sales unchanged in second quarter as retailer discounted stock

Hennes and Mauritz’s sales were unchanged in the second quarter as the struggling Swedish clothing retailer offered discounts to try to reduce a record level of inventory. Sales were unchanged in local currencies, including value-added tax in the three months through May, the Stockholm-based company said in a statement Friday.

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Asda's £2.5m Belfast shop expansion given green light

Belfast City Council has approved supermarket chain Asda's plans to extend its Belfast Westwood Retail Park superstore in what will be a £2.5m project. The move will see the retailer extend the west Belfast store by 7,000 sq ft, allowing it to stock a wider range of Asda products.

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Clarks discount store in Antrim closes its doors

Shoe retailer Clarks has closed its unit at The Junction retail park in Antrim. The discounted version of the high-street store has been on the site since it opened in 2004. Roger Craig, senior portfolio manager of the Lotus Group, said the closure was disappointing but paved the way for a new brand to enter the scheme.

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Mulberry bags group revenue rise

Luxury handbag retailer Mulberry has reported a 1% rise in group revenue to £169.7m for the year to March 31, 2018, although UK retail sales fell 1% on a like-for-like basis to £106.3m. Reported profit at the high-end bag business fell from £7.5m to £6.9m, a drop of 8%.

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Belfast City announces first retailer in new-look departures

George Best Belfast City Airport has announced the first new retailer (Born and Bred) as part of its £15m ($20.1m) departures refurbishment. The local lifestyle and gift store is the brainchild of Northern Ireland native Linzi Rooney, best known for her Studio Souk enterprise based on Ann…

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Online shopping surge prompts Next to rejig its management setup

High street retailer Next will restructure its management tier across UK stores. The move is expected to affect over 50 roles at its 25 Northern Ireland shops. However, the company said there will be no job losses. The changes come as retailers across the UK respond to tougher conditions on the high street.

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Topics: ireland retail news, irish retail news, irish retailers, irish retailers news, retail news