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.
Avonmore Slimline Milk The Top Spender On OOH In January
Avonmore Slimline Milk was the biggest spender on outdoor advertising in January 2016, according to the latest Posterwatch report from PML Group. The popular milk brand took advantage of consumers' healthy eating regimes as it accounted for approximately €249k worth of spend on OOH, well ahead of any of its competitors in the Food & Drink sector.
February: Increase in consumer spending continues
Irish household expenditure stepped up yet again in February, according to Visa Europe’s latest Consumer Spending Index. Spending was up +11.3% year-on-year across all payments types (cash, cheque, electronic options), which is a leap from the +7.5% seen in January, and the biggest jump the index has seen since it was established 18 months ago.
A Third Of Consumers Buy Newspapers In Convenience Stores
According to the latest Consumer Insights report from Empathy Research, convenience stores are the most popular place in which Irish adults buy newspapers, with over a third (36%) indicating they typically buy their newspapers there.
Female Executives Under-Represented At Top Level In Retail And FMCG, Study Finds
A study by Checkout's sister publication, ESM: European Supermarket Magazine, has found that female executives account for fewer than one in six executive positions at international retail and FMCG businesses.
Irish viewers slowly switching on to 4K as television sales show increase
Irish people are buying slightly more expensive televisions, as new sets with higher resolutions come into the market. Overall, the Irish television market grew by 5pc by value - the total amount spent on new TVs - in 2015. The slow adoption of 4K - also called 'ultra high definition (UHD) - means that we spent €159m on 343,000 new tellies last year. That works out at an average of €464 per set, marginally higher than 2014.
Market for new cars revs up as consumer confidence rises
Colin McNab, operations director at Northern Ireland's largest car retailer, Charles Hurst Group, put the findings down to increased consumer confidence. He said: "The SMMT figures are a welcome indicator of improving consumer confidence. We hope to see this growth maintained throughout the rest of 2016.
€25m marketing campaign behind Hyundai's sales burst
The South Korean brand topped the charts for new vehicle registrations in Ireland during January and February. Its share of the passenger car market climbed from 2.99pc in 2009 to 9.19pc last year, a growth rate of 207pc - far exceeding growth at all of the country's other biggest brands.
Car sales soared by almost 38% in February as motoring industry steps up a gear
The motoring industry is on the right track as car sales up over a third compared to the same period last year. The number of new cars licensed here last month soared by almost 38% compared to February 2015. A staggering 21,173 new private cars were licensed here last month.
Pressure on retail rents as slew of brands seek space
This week's news of a 6.4pc growth in Irish retail sales volumes in the 12 months to January will provide further encouragement for international retail chains which are either considering entering the Irish market or expanding their Irish network. It also spells good news for a sector of the property market which has been lagging the office and hotels sectors.
Farmers protest at Aldi and Lidl over produce prices
Farm leaders have accused the German discount stores Aldi and Lidl of gross hypocrisy for slashing the price of fresh produce below the cost of production while claiming to support Irish growers.
Harvey Norman Irish arm to ‘return to profit’ in 2016
The chief executive of the Irish arm of retailer Harvey Norman said the firm anticipates a return to profit in 2016 after years of losses.New accounts filed for the year to the end of June last show Harvey Norman Trading (Ireland) Ltd reduced its losses to €6.2m as revenues increased by 8% to €161.3m.
'Genius' or 'arrogant': Bunnings takes chainsaw to Homebase management
Bunnings is facing criticism in the UK after culling the entire senior management team of home improvement retailer Homebase barely a week after gaining control. The managing director of influential UK retail research agency Conlumino, Neil Saunders, said Bunnings' decision to clear the decks at Homebase was "not really very sensible" and could alienate Homebase's 15,000 staff.
BHS in bid to cut cost of rent could hit Northern Ireland outlets
The future of department store chain BHS's Northern Ireland outlets could be in doubt as the troubled retailer is seeking severe rent cuts in order to save stores across the UK. It's understood BHS has been working with KPMG, and has drawn up a proposal which will see it seeking reductions in rent on 87 stores.