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.
Discounters are a threat to convenience retail
The NACS Insight Convenience Summit – Europe kicked off earlier this week in Berlin, bringing together convenience and fuel retailing industry professionals from around the world to discuss new ideas and gain new commercial connections. Yesterday, the Summit moved to London, for two full days of general sessions and a day of Retail Study Tours, as well as Thursday’s presentation of the International Convenience Retail Awards.
Grafton Street recovery augurs well for health of retail sector
Grafton Street is often cited as a barometer for the retail sector, and latest figures suggest a recovery in rents and values is well under way. Zone A rents on the street peaked in 2006 at around €10,000 per sq m (€929 per sq ft). This meant rents on Dublin’s premier shopping street were on a par with the Champs- Élysées, Oxford Street and Gran Via in Madrid.
No plans to introduce legislation compelling Supermarkets to deal with waste food
Agriculture Minister Simon Coveney has told the Dáil that the government has no plans to follow France's lead and introduce legislation compelling supermarkets to deal with waste food. In response to questions from independent TDs Finian McGrath and Michael Healy-Rae, the Minister said that voluntary schemes currently underway were sufficient in terms of dealing with the issue.
Supermarkets Come Out On Top In Toiletries Category
The latest Consumer Insights study from Empathy Research has found that two-thirds of Irish consumers (66%) typically purchase toiletry items from supermarkets, as they believe they are less expensive when compared to a pharmacy or a dedicated outlet. Significantly more males (69%) think supermarkets are less expensive for toiletries than females (63%).
Retailers frustrated over National Lottery terminal failures once again
Retailers have said that the glitches in the new system seem to coincide with large Euromillions or National Lottery jackpots. National Lottery agents, who are members of RGDATA the representative association for the owners of almost 4,000 local shops, are experiencing further problems with the lotto terminals in shops over recent days.
Retail groups support initiative to eliminate 1c and 2c coins
Retail associations, the CSNA and RGDATA, have expressed their endorsement of a government proposal to eliminate 1c and 2c coins from circulation nationally. The Irish Independent reports that the matter is to be brought before cabinet tomorrow by Finance Minister Michael Noonan, after a pilot scheme in Wexford was deemed to be a “massive success”.
Topaz Takes 2015 International Convenience Retailer of the Year Award
Ireland convenience store chain Topaz won the NACS Insight 2015 International Convenience Retailer of the Year Award for its Re.Store convenience forecourt concept. The award was presented during the NACS Insight Convenience Summit — Europe in London on Thursday.
Supervalu in potential mobile move
Musgrave Group, owner of Ireland’s largest domestic supermarket chain, is understood to be planning to offer mobile- phone services using the network of Eircom. Talks between Eircom and Musgrave’s Supervalu unit are at an advanced stage, said the people, who asked not to be identified because the plans aren’t yet finalised.
Festival gets a Hi five from SuperValu
The last few weeks have been a bit of a roller coaster ride for the Heart of Ireland team but things have gained new momentum following a public meeting on May 20. The good news includes sponsorship from Buckley’s SuperValu of €5,000.
Local charities gain from Tesco
The Louth Society for the Prevention of Cruelty to Animals (Louth SPCA) is just one of the local charities which has benefitted from the €1000 Tesco Community Fund. Louth SPCA was nominated by customers alongside Post Polio Support Group and Dundalk Men's Sheds, each of which received their share of the fund following a six week voting period during which customers expressed their preference for a local charity by using blue coins which they receive when doing their shopping.
Irish department store Clerys shuts after 162 years following sell-off
Irish department store Clerys was shut suddenly on Friday shortly after being bought by a team led by Irish investor Deirdre Foley’s D2 Private. The retailer ceased trading and KPMG were appointed as liquidators in a move that led to 460 people immediately losing their jobs, according to The Irish Times.
CCPC clears BWG acquisition of ADM Londis’ trading business
"BWG’s focus will now be on growing and developing Londis in Ireland as part of our portfolio of market leading convenience brands," says BWG Group CEO Leo Crawford
Northern Ireland footfall outperforms UK
Northern Ireland outperformed the rest of the UK in shopper numbers during May but political wrangling is not helping the province a retail lobby has claimed. Northern Ireland Retail Consortium director Aodhán Connolly said the lack of political progress was causing a disconnect in the flow of normal business and planning.