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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maria Diaz on Nov 21, 2018, 1:09:48 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 consumers are now spending more than they were during the height of Celtic Tiger

The boom is back with consumer spending set to skyrocket to €105 billion - overtaking the Celtic Tiger peak. A new report has revealed that people are spending more than ever before, surpassing the previous record of €100 billion from 2007, shortly before the country went bust.

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Consumer spending to reach a record €105bn - surpassing boomtime peak

Irish consumer spending is set to reach a record €105bn this year, surpassing the boomtime peak set in 2007, according to a new report. The Home Renovation Incentive (HRI), a tax relief for home improvements, is fuelling strong growth in people's spending on their homes…

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Irish consumer spending to increase over the next three years

Irish consumer spending is forecast to increase by 3% by the end of 2018, with further increases in 2019 and 2020. This comes from the latest Consumer Market Monitor provided by the Marketing Institute of Ireland in collaboration with the UCD Michael Smurfit Graduate Business School.

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80% of Irish consumers plan to shop online this Christmas

Almost 80% (77.8%) or 4 in 5 people will do some, or all of their shopping online this Christmas, with women more likely to shop online when compared with men. This is according to research carried by Virgin Media Business.

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Black Friday: The investment buyer’s sales guide

Black Friday is nearly upon us. The November sales juggernaut, co-opted from our American brethren, has become a firm fixture on the Irish retail calendar, writes Annmarie O’Connor. No longer are we forced to wait until the Christmas turkey cools…

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Two thirds of adults purchase yoghurts at least once a week

Almost two thirds (64%) of adults purchase yoghurts at least once a week, with purchase levels unchanged from 2017 results (63%). Recent research on behalf of Retail Intelligence by Empathy Research, amongst a nationally representative sample of 1,000 adults…

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City retailers need to develop online presence

City retailers and business groups need to do more to develop their online shopping presence, according to Independent councillor Kieran McCarthy. He said that the growth of e-commerce is having a far bigger impact on city trade than new traffic restrictions.

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More shoppers making grocery trips to Northern Ireland due to sterling weakness

Sterling weakness is prompting more shoppers to make trips to Northern Ireland for their groceries, with more than 207,000 households having made a break for the border in the past year to take advantage of cheaper prices.

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Cross-border shopping at five-year high

The value of cross-border trade is at its highest level for five years according to the latest grocery market share figures from Kantar Worldpanel. Over the 12 months to 4 November this year, shoppers from the Republic of Ireland spent €64.5m on groceries in Northern Ireland.

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Cross-border shopping hits five-year high as ROI consumers spend €64.5m in North

Shoppers from the Republic of Ireland have spent €64.5 million on groceries in Northern Ireland over the past 12 months, the highest level in five years. The latest Kantar Worldpanel supermarket shares show that over the 12 months to 4 November 2018…

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Problems for retail behind the façade

The extraordinary Brexit events in London this past week have already had an impact across the Irish Sea. Witness the sharp downturn in share values and a plunge in the value of sterling. There will be more “days like this”, to redirect that old Van Morrison tune.

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Draft Brexit withdrawal welcome, but challenges for retailers remain, says Retail Ireland

Retail Ireland has welcomed the draft Brexit withdrawal agreement as a very important achievement that establishes the potential for an orderly UK withdrawal from the European Union. “The draft Brexit withdrawal agreement contains very welcome provisions…

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Grocery market share: strong autumn for Germans

As the major retailers commence their Christmas seasons, Aldi and Lidl have had a strong start, posting sales increases of 5.5% and 4.3% respectively in Kantar Worldpanel’s latest supermarket share figures.

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Aldi revenue increases by €1.5bln in 2017 as it focused on expansion

The UK and Irish arm of Aldi increased its revenue by €1.58 billion last year, achieving a total figure of €11.3 billion for the year ending 31 December 2017, a 16% increase on 2016’s figures, according to financial statements filed recently.

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Dundalk school awarded grant from local Aldi store

Supermarket giants Aldi have announced that St. Louis Secondary School is the latest organisation to benefit from Aldi’s 2018 Community Grants programme. Aldi’s Ramparts Road Dundalk store staff have awarded the school a €500 grant in recognition of its tremendous…

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WATCH: Dunnes Stores goes big and reveals Christmas story-telling ad

Dunnes Stores has joined the big brand shops trend of going with large-scale, story-telling Christmas ads. The supermarket giant has clearly drawn inspiration from classic children’s blockbusters, like ET, Home Alone and The Goonies, to tell the tale.

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Spar rings up €1.5bn of sales in Ireland

Turnover at BWG, the company that operates the Spar franchise in Ireland, rose 4.2pc to €1.5bn in the 12 months to the end of September according to results from its majority owner, the South Africa-based Spar Group.

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Irish Spar owner ‘positively cautious’

The South African Spar retailing group says it is positively cautious about the effects of Brexit for its retailing interests in Ireland and the southwest of England. The Johannesburg-stockmarket-listed group owns 80% of BWG Spar and operates chains in Ireland and England…

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New Marks & Spencer store mooted for Waterford

Marks & Spencer could shortly be on the way to Waterford, a source has revealed. With 100 stores set to close across the chain by 2022, the retailer has announced expansion plans for the Irish market which including launching a number of new premises here, including in Waterford.

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Iceland set to open first store in Nenagh

Food retailer Iceland has announced today (20 November) that will open its 25th Irish store in Nenagh Retail Park today. “We’ve been trading in Tipperary since June 2016 with our Clonmel store and are thrilled with the support from local customers," said Ron Metcalfe…

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Maxol opens first Zambrero Restaurant at Dublin Road, Dundalk

Irish forecourt retailer Maxol has announced that it has opened its first Mexican restaurant Zambrero at Maxol Dublin Road, Dundalk. The refurbishment at Dundalk follows an investment of €260,000 with the creation of seven new jobs, bringing total employment…

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Harvey Norman to open massive new store in Galway

Harvey Norman is set to open a 60,000sq/ft megastore as the anchor tenant at the newly expanded Gateway retail park in Galway. The Australian furniture and electronics retailer’s new flagship outlet will take up nearly half of the 125,000sq/ft being added…

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GameStop announce some amazing deals as part of their pre-Black Friday sale

2018 has been a pretty spectacular year for gaming, and just as we're getting to the end of it, GameStop have done us all a solid and picked some of the best games of the year as part of their pre-Black Friday sale.

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Dara Calleary TD named Retail Advocate of the Year

A Mayo TD has been recognised for his work advocating on behalf of the retail industry, at the recent Retail Excellence Awards Night held in Dublin.

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Argos Ireland kick off Black Friday deals a week early from midnight tonight – here’s 7 of the best offers

Argos Ireland will kick off Black Friday a week early - with deals available from midnight tonight. Argos Ireland bosses promise a whole host of bargains to kick off the busiest shopping period before Black Friday next week.

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Holland & Barrett hires former Homebase boss as it eyes further growth

Health and wellness retailer Holland & Barrett has appointed the former boss of Homebase and Argos as chairman, as it unveiled a year of growth. The company announced that John Walden, the former chief executive of Home Retail Group, would work on a “strategic plan” for new growth.

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Mobile transformation helps Holland & Barrett continue unbroken run of revenue growth

The use of mobile – both in store and amongst its customers – has helped Holland & Barratt grow group revenues by 7.1% to £702.5 million in 2018. The growth comes on the back of strong like-for-like sales growth of 3.9%, 32.2% growth in digital sales, and new store space.

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Smyths Toys reveal Irish stores will open until 11pm midweek up to December 21 for Christmas shoppers

Christmas is officially on the way - and Smyths Toys Superstores have revealed their Irish stores will now be open until 11pm midweek in the run up to the big day. The toy giant will be open late to cater to everyone looking to get ready in time for the festive occasion.

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Louis Copeland has launched a new online store - and custom-made suits are not for sale

The Louis Copeland brand has long been synonymous with custom-made suits, but Ireland's well-known menswear retailer is now doing something a little different. MMA star Conor McGregor's fondness for the tailor's threads has highlighted the Irish clothing…

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Northern Ireland shoppers to splurge £85m in Black Friday sales despite Brexit concerns, says expert

Bargain hunters in Northern Ireland are counting down the days to this year's Black Friday sales, as well as gearing up for a spending spree that could hit a staggering £85m. Many high street retailers have been struggling in recent times and shoppers will be hoping to…

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Troubled retailer Blue Inc closes further stores in the north

Troubled menswear retailer Blue Inc has closed a further two of its stores in the north. The Irish News reported on Wednesday that the Lisburn outlet in Bow Street Mall ceased trading, but now it has emerged it was one of at least three to close its doors.

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Card Factory's sales on the up as company overcomes difficult trading conditions

Retailer Card Factory, which has around 15 stores in Northern Ireland, has returned to sales growth ahead of the peak festive season after overcoming "challenging" high street trading. The greetings card and gifts chain, which has 963 stores across the UK…

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