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.
Grocery goods regulations signed into law
Minister for Jobs, Enterprise and Innovation, Richard Bruton has signed into law an initial set regulations aimed at regulating certain practices in the grocery goods sector. The Department states the aim of these regulations is to rebalance relationships between different players in the grocery goods sector, and ensure that dealings in the sector are fair and sustainable and operate in the interests of jobs, consumers and sustainable safe food.
FDII: Regulations Will Create A ‘Fair Trading Environment’
Ibec group Food & Drink Industry Ireland has welcomed the signing into law of new grocery regulations by Enterprise Minister Richard Bruton, saying the regulations “present a unique opportunity to create a fair trading environment in the Irish grocery sector.”
Study shows less Irish people are eating fat, salt and sugar through reformulation
Significant reductions in fat, sugar, salt, and calories have been achieved through reformulation that included changing the recipes of some of Ireland’s most popular foods and drinks. A report, described as a world-first on changes to a nation’s diet, examined data on 600 products from 14 of the country’s major food and drink companies.
Two-Fifths Of Six Nations Fans To Stock Up On Beer
According to the latest Consumer Insights report from Empathy Research, almost two-thirds (65%) of Irish adults intend to watch the Six Nations rugby games this year with the vast majority (90%) intending to watch the games at home.
Mobile glistens in ‘golden quarter’ for retail
Momentum continues to swing towards online shopping. Online revenue at Irish e-commerce websites increased 45 per cent year in 2015, with traffic to sites growing 27 per cent, the latest study from marketing agency Wolfgang Digital suggests.
Calls for independent retail ombudsman as grocery regulations are awaited
The IFA has called for the establishment of an independent retail ombudsman in Ireland to regulate the grocery market here. It comes in the aftermath of findings yesterday from the UK groceries code adjudicator against Tesco.
Drop in December retail sales as Black Friday and Cyber Monday muscle in
Experts said the falls were a surprise but may indicate that consumers are doing the bulk of their Christmas shopping early, encouraged by the growing popularity of marketing events like Black Friday and Cyber Monday, both of which fell in November last year.
Festive gift card sales soar after tax-free limit doubled
Gift card sales were boosted last year after the limit at which employers could reward workers with a tax-free non-cash benefit increased to €500.
New car sales up 34% as Hyundai topples VW from top spot
New car sales rose 33.6 per cent in January compared to the same month last year, with 39,812 new 161 registrations. Hyundai finished the month as the best-selling brand with 5,062 registrations, ahead of Toyota with 4,852.
Aldi and Lidl winning the post-Christmas detox wars
Sales of stir-fry vegetables and juicing ingredients have increased significantly at Aldi and Lidl during January, according to new data from consumer insight business, Reep.
Tesco Ireland CEO outlines back to basics plan
Andrew Yaxley, chief executive of Tesco Ireland, told an industry conference on Tuesday it planned to remain “humble” in the Irish market, as he laid out details of measures it hopes will kick-start a return to strong growth.
Tesco seeking pay cuts for long serving staff
Retailer Tesco is seeking to reduce pay and conditions for about 1,000 longer serving staff as part of a move to a more “flexible “ contract of employment. However it said that it will offer compensation to workers who are affected.
Tesco report highlights need for retail watchdog in Ireland
Last week, a lady named Christine Tacon added to Tesco’s long list of woes. Ms Tacon is, in effect, Britain’s retail ombudsman, though her official title is ‘groceries code adjudicator.’ In a hard-hitting report, she concluded that the grocery giant “deliberately delayed payment to suppliers and, in some cases, paid them less than they were owed, in order to meet financial targets.”
Centra to open 16 new stores, creating 480 jobs around Ireland
Convenience store chain Centra is to create 480 new jobs around the country, as it announces plans to open 16 new stores this year. The retailer says this is part of a €16m investment. Centra says it saw sales of €1.54bn in 2015, and additional sales of €6m in its 'Live Well' products - such as salad boxes, fruit pots and avocados.
Centra’s 2015 sales top €1.5bn
Centra’s 2015 sales figures have been published. It was a very good year for the convenience retailer: the chain recorded sales of €1.54bn, underlining the brand’s position as market leader in the Ireland’s convenience sector. This represents a growth of 1.6% on the previous year for Centra, which currently has 460 stores across Ireland.
Retailer liquidation puts jobs at risk
Jobs are set to be lost after a DVD rental chain which has more than 80 stores across Ireland was placed in liquidation. Xtra-Vision Entertainment operates from 11 sites in Northern Ireland, with the remainder of its 83-strong portfolio located across the Republic of Ireland.
Top Oil to buy Sirio Irish retail operations in €10m deal
Top Oil is to buy the retail trading business of service station company Sirio Retail Operations in a deal worth €10 million. Sirio, which currently employs 110 people, has 10 fully managed service stations in Kildare, Wicklow, Laois, Westmeath, Longford, Dublin and Cork.
Debenhams cuts Irish loss
Pre-tax losses at the Irish arm of UK retailer Debenhams last year narrowed by 21% to €6.7m as revenues increased. The company operates 11 department stores in the Republic. It acquired the majority of the stores when it acquired Roche Stores in 2006.
European retailer Primark to open at American Dream project
Primark, the low-priced fast-fashion retailer that is big in Europe but largely unknown in this country, has chosen the American Dream shopping and entertainment complex in the Meadowlands for a strategic outpost in its U.S. expansion.
Sale of Irish firm Topaz to Canadian retailer Couche-Tard complete
Irish energy group Topaz has confirmed its sale to Canadian firm Couche-Tard has been completed. The transaction was announced on December 2nd and has been approved by the EU Commission.
Dixons Carphone to close 134 stores in merger
The firm, which was formed as a merger of Dixons Retail and Carphone Warehouse, is reducing store numbers of its Currys and PC World brands to 323 in the UK. It's also cutting its stores in the Republic from 27 to 15.
Cork town reveals plan for €40m retail village
A land-zoning change in the Cork county development plan is being sought in a preliminary move to facilitate a €40m development. A hotel, retail village, and 4,000-seat conference centre is included in a project envisaged by Phoenix Tourism Development Bandon.
Tough times for Irish Farmers as revenues decreased by 40%
Farming incomes in Northern Ireland dove by more than 40% in a single year leading to fears that the industry might face a big challenge in the year ahead. Earnings tumbled from £312m to £183m around 2014 and 2015, a report revealed. The original values of the subsidies were £236m, which was higher than the figures.
Centra to open four stores as part of £12m Northern Ireland expansion
It's part of a major expansion across Ireland by the company, which is part of the Cork-based Musgrave Group. Centra is to open 16 stores in the Republic in 2016. The company, which had record sales of €1.54bn (£1.16bn) last year, said it will invest €16m (£12m) in the expansion. Centra currently employs nearly 11,000 people across 460 stores and has around 750,000 customers a week.
Carryduff's ghost shopping centre loses last retailer
One of Northern Ireland's oldest shopping centres is on the brink of closure as the last retailer in the mall has announced he will leave the centre in April.