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.
Retail sales set to grow by 9%
Consumer spending could rise by 9% in volume terms this year helping to maintain Ireland’s status as the the eurozone’s fastest growing economy for a second consecutive year. CSO figures published yesterday show a 1.4% increase in headline retail sales volumes for March, when compared to the previous month.
36% Of Online Shoppers Use Phones To Shop Online, Study Finds
The latest Pulse study by Carat has found that more than a third (36%) of consumers that shop online use their smartphone to do so. This is an increase from 28% last year. The majority of consumers continue to use their laptop to make online purchases (77%), however this has declined since last year (78%). The number of online shoppers using a tablet has also risen, to 34% from 26%.
Varadkar: Government ‘Will Engage With Retailers To Discuss Structural Separation’
Minister Leo Varadkar has told the Joint Oireachtas Committee on Health and Children that the government intends to “work out” the pros and cons of structural separation of alcohol in stores in conjunction with retailers.
Sinead Ryan: Why are consumers so reluctant to use the internet for their weekly shop?
While they may be late to the game, it's not an enterprise undertaken lightly, and they have had some experience with online shopping for their homewares and clothing lines, which is currently free with orders of €50 or more.
JTI Ireland Initiates Legal Challenge Against Irish Government
Tobacco firm JTI Ireland has initiated its legal challenge against the Irish government over planned plain packaging legislation, in the Commercial Court. The Court heard a motion in relation to the legal challenge on Monday, and following this, the tobacco manufacturer said in a statement, ‘In our challenge, we will be asking the Court to confirm that, under EU law, Ireland cannot enact or commence plain packaging legislation’.
Coca-Cola Life The Biggest Spender On Outdoor In March
Coca-Cola Life was the biggest spender on outdoor advertising in March, according to the latest Posterwatch report from PML Group. The soft drink brand accounted for approximately €574k worth of spend during the month, ahead of Avonmore Super Milk, which accounted for €461k worth of spend, and Tayto (€353k worth of spend).
Ireland’s independent retailers celebrated in new art exhibition
To celebrate the continuing rich commercial heritage of Dublin’s Liberties, artist Rian Coulter is hosting an exhibition of trade memorabilia that celebrates independent retail. The exhibition entitled ‘Through Rose Tinted Glasses’ will be opened by RGDATA director general Tara Buckley. It will be held at Larkin Bros. Victuallers, 18 Meath Street, Dublin 8 on Thursday, 23 April at 6pm.
Musgrave Makes Changes To Londis Management Structure
Musgrave Group has announced a series of appointments to its Londis leadership team in the UK, as the business seeks to continue its turnaround strategy. Former forecourt development director John Ridgley has been named retail director, while Paul Adams’ role as head of central operations has been upgraded to be part of the Londis leadership team.
Torrid year for Tesco no better for Irish outpost
A torrid year for Tesco was no better for its ailing Irish outpost. Annual sales in Ireland dropped to €2.56 billion, a level not seen for many years. As aggressive discounters eat into Tesco’s market share and profit margin, like-for-like sales here have now dropped for 10 successive quarters.
Tesco’s Irish arm responsible for profit overstatement of nearly €90m
It has been revealed that an overstatement of profits worth £63m (€88m) at Tesco occurred in the retailer’s Irish arm of its business. Last September Tesco made the shock announcement that it had overstated profits to the tune of £250m (€347.5m). The majority of this was made up of supplier payments worth €201.5m which had been incorrectly recorded as profits.
Tesco Moves Closer to Dunnhumby Sale After Kroger Agreement
Tesco moved a step closer to the possible sale of Dunnhumby after the data-analytics business parted ways with Kroger after twelve years to allow it to work exclusively with other US retailers.
Centra Stores in Offaly raise over €700,000 for Breast Cancer Support
Seven Centra stores in Offaly have helped raise over €700,000 for the Irish Cancer Society’s Action Breast Cancer programme. Centra smashed its original target of €400,000 with a campaign that saw communities in Offaly and nationwide pounding the pavements, donning pink vests and ‘painting it pink’ for a disease that affects over 2,800 women in Ireland every year.
Ikea Ireland weekly spend reaches €2m
Our love of all things Ikea blossomed even more last year as customers on 2.4m shopping trips to the Swedish retailer’s Ballymun store led to a spend of over €2m every week.
200 new jobs in online fashion retailer Zalando announced for Dublin
Online fashion retail company Zalando who made €2.2bn last year, have opened a new tech centre in the capital’s Silicon Docks. Speaking at the opening of Zalando’s new data hub, Taoiseach Enda Kenny said that the government “will continue to ensure that companies like Zalando see Ireland as an attractive location for business.”
Dunnes Stores workers to hold day of protest
Mandate assistant general secretary Gerry Light said they wanted to give the public an opportunity to demonstrate their support. Mr Light said they also wanted to keep politicians focused on the need to introduce collective bargaining legislation that was going through the Dáil.
Topaz introduces new Re.Store concept
Re.Store, a new Irish food, coffee and convenience concept has joined forces with Ireland’s leading fuel retailer, Topaz, to provide a new in-store experience. The concept has launched in over 26 Topaz company-owned sites so far with this number set to swell to 150 branches before the end of 2015 and an investment of over €25 million by the company.
Bottom Drawer shortlisted for the UK retail ‘Oscars’
Portadown retailer, The Bottom Drawer, is the only Northern Ireland business on the shortlist of UK wide retail awards. The owners of the independent retailer, based at Magowan West, are celebrating after being included on the shortlist to win the sought-after title of ‘UK Gift Retailer of the Year 2015’ in the North England/Northern Ireland category of the Greats Retail Awards 2015.
Retail vacancy rates drop around Ireland, say CBRE
High street vacancy rates improved in six out of nine retail locations surveyed by CBRE over the last six months, a new report has found.