CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. Every Wednesday we share the recent announcements. 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 online spending on groceries rises by a quarter to €140m
The figure far outstrips overall online spending growth here of 18pc, the study by online business body Ecommerce Europe says. "Food will be the future of ecommerce," Ecommerce Europe policy advisor Luca Cassetti told a Retail Excellence Ireland (REI) event in Dublin on Thursday.
The change in consumer habits presents challenges for traditional retailers as consumer habits change. Food companies here, such as Kerry Group and Glanbia, have been teaming up with internet sellers as consumers buy more food online.
Strong retail sales growth in first eight months of the year
Irish retail sales were down 4.7% in the month in August but were 5.2% higher in the year in volume terms as against a revised annual increase of f 7.8% (+6.3%) in July.
Supervalu the top Irish supermarket but Dunnes Stores sales increase
Latest supermarket share figures from Kantar Wordpanel show that Supervalu remains the top Irish supermarket with a market share of 22.4%, while Dunnes Stores reported sales growth of 6.3%.
BWG to expand Spar/Eurospar network with 20 new outlets
BWG Foods, the wholesaler and retailing company, plans to add a further 20 Spar and Eurospar outlets to its network of 450 in Ireland over the next 12 months.
Tesco Ireland sees marginal increase in first-half sales
Wider group reports €596 million profit for six months to the end of August. Tesco Ireland has reported relatively flat sales of just over €1.2 billion for the first six months of its financial year, covering the period from April to September.
H&M UPBEAT ON 2017 PROSPECTS
Budget fashion retailer Hennes & Mauritz was upbeat about prospects for profitability next year but a fall in third-quarter earnings and weak September sales sent the retailer's shares to a three-month low on Friday.
Retail Sector needs Budget Boost warns ISME
The Irish Small & Medium Enterprises Association (ISME) have today highlighted the need to have a progressive budget for the SME sector.
Cork’s long-established Merchants Quay Shopping Centre comes to market
Prime Irish retail investments are now tracking the pick-up evident in the country’s top office markets since 2013; thus, the sale this month of Cork’s long-established Merchants Quay Shopping Centre is expected to gain international traction — despite its relatively small lot size, at a value of just €12.5 million for its 29 shop units and €1.47m rent roll.
Stillorgan Shopping Centre owner to buy back £100m of shares
Kennedy Wilson among the first investors to snap up Irish property after crash.
Monthly retail sales data driven by volatile motor trade
Latest CSO figures indicate retail sales grew 5.2 per cent on an annual basis
DEPUTY MAYOR COMMENDS DIAGEO LEARNING FOR LIFE CLASS
Kilkenny Councillor and Deputy Mayor Michael Doyle presented 14 participants in the Diageo Learning for Life programme with their graduation certificates in a special ceremony held in the Smithwick’s Experience Kilkenny.
Learning for Life is a Diageo Ireland initiative that equips the long term unemployed youth with the skills needed to find work in the hospitality industry. The pilot programme began in 2014 in Dublin 8 and two years on has further expanded into seven counties across the country including Dublin, Dundalk, Cork, Waterford, Limerick, Kerry and Kilkenny with over 100 participants graduating nationwide.
Ireland’s alcohol bill pleases EU health chief, irritates industry
The Irish government won praise from the EU’s Health Commissioner over a new bill, which imposes a stricter framework on alcohol consumption in Ireland, including a minimum unit price, labelling and marketing restrictions.
PepsiCo Raises Forecast As North America Lifts Results
PepsiCo Inc. topped third-quarter profit estimates and raised its annual forecast after sales of its snacks and drinks in North America outweighed weaker results abroad.
Core earnings were $1.40 a share in the third quarter, the Purchase, New York-based company said in a statement Thursday. Analysts had estimated $1.32, on average. Currency fluctuations weighed on sales, though, sending them down 1.9 percent in the period.
BORD BIA LAUNCHES CONSUMER RESEARCH CENTRE
A new integrated, state-of-the-art consumer research and market insight centre was launched by Bord Bia at its headquarters in Dublin today.
This comes as the industry prepares to virtually double its exports, to reach the target of €19 billion set by FoodWise2025.
Revealed: Ireland's luckiest Euromillions towns - right down to the shop
Garryowen Stores on Garryowen Road in Limerick is the luckiest, with over €115 million in prizes.
Garryowen Stores is followed by the Mace on Shantalla Road in Dublin 9, the Centra on Church Road in Ballybrack, Easons in Fairgreen Shopping Centre in Carlow and Dora Kelly Newsagent & Supermarket in Ballynakelly, Newcastle in County Dublin
Michelin Guide 2017 launch: Will stars of Northern Ireland food scene make the cut?
The new edition of the exclusive Michelin Guide for the UK and Ireland for 2017 is launched on Monday - but will the stars of the Northern Ireland food scene make it?
Gin start-up Boatyard Distillery's first batch ready for retail
Produce from Fermanagh's first gin distillery in 120 years will hit bars across Ireland by the end of the week.
From fit-out to fashion as MJM Group spends £30m to buy Damolly retail park
CRUISE ship fit-out firm MJM Group has spent more than £30 to further diversify into property ownership with the purchase of Damolly retail park in Newry.
The dominant retail warehouse scheme in Newry, Damolly has been sold to MJM as part of their investment strategy for the long-term sustainability of the group, and comes on the back of recent property purchases in Belfast city centre and at Forestside.