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 decline 4 per cent on a monthly basis
The recovery in consumer spending remains on track, according to new figures from the Central Statistics Office, which show a 9.3 per cent rise in the volume of retail sales year-on-year. While there was a 4 per cent decline in retail sales volumes last month, this is due to the fall in new cars as sales of 152 registrations tapered off, says Goodbody Stockbrokers.
Retail sales show ‘consumers are spending more’
Retails sales figures published yesterday show that shell-shocked retailers are beginning to see signs of increased consumer spending, analysts say. However, small business group Isme has called on Finance Minister Michael Noonan to cut employers’ tax in the budget next month to help retailers hire more staff.
Tesco sees growth in Irish grocery market
Tesco's quarterly sales in Ireland grew for the first time in over two years but rivals Dunnes and Lidl were the big winners from the back to school sales period according to new figures from research company Kantar Worldpanel. Over the three months to September 13th Tesco sales rose by 0.3% compared to the same period in 2014.
Dublin’s Rocketing Population drives Rebound in Retail Sector
A forthcoming report by property experts Savills highlights the effect that rapid population growth in Dublin is having on the retail economy and, in turn, retail rents. Dublin’s population has risen by 43,000 people (+3.4%) over the last 2 years and, independent of jobs growth and consumer sentiment, the sheer weight of numbers is driving sales and causing retailers to take more space, according to Dr. John McCartney, Savills’ Director of Research...
Dunnes Stores Seeks to Acquire Café Sol Holdings
Dunnes Stores is seeking to acquire the Café Sol Holdings food services group, Checkout has learned. The proposed acquisition was notified to the Competition and Consumer Protection Commission on 23 September, and has entered the Preliminary Investigation (Phase 1) process.
Retailer Iceland posts €16.4m turnover in Republic
Iceland Stores Ireland, the operator of the Iceland retail chain in the Republic, recorded turnover of €16.4 million in the year to the end of March last, compared with €4.56 million over the five months to the end of March 2014. The company is looking to continue expansion of its store network.
Profits jump 70% at Avoca as sale nears
Avoca Handweavers, the family-owned retail and cafes business that looks set to be sold to US giant Aramark, boosted profits last year by 70 per cent, as Irish consumers emerged from their recessionary bunkers to buy more luxury goods.
H&M prepares to launch online shopping in Ireland
H&M said it would expand its online shopping service to nine more market, including Ireland, in the next financial year. The company, which will offer online shopping in 23 markets this year, has been slower to roll out ecommerce compared to bigger rival Inditex.
Aldi moves into online shopping - but not in Ireland
The British arm of Aldi plans to launch an online operation, marking the group’s first foray into e-commerce in Europe and opening a new front in its battle to raise its share of the tough UK market. However, the German discount supermarket chain said on Monday that it currently has no plans to follow suit in Ireland.
Roscommon woman wins National Brown Bread competition
The winner of The National Brown Bread Baking Competition, sponsored by Aldi, is Margaret Sexton of Co. Roscommon. The competition was run in association with the National Ploughing Association (NPA) and the Irish Countrywomen’s Association (ICA).
Argos hiring 280 workers across Northern Ireland to meet Christmas demand
Argos is recruiting 280 workers across Northern Ireland to help meet customer demand over the Christmas period. The company, which has 27 stores in the province, is the UK’s largest high street retailer online, and processes around 121m customer transactions each year through its stores, and more than 900m website and app visits.
Lidl urged to treat workers in north with ‘respect and equality’
Lidl workers in the north should see the same pay rise as their colleagues in England, Scotland and Wales, a Sinn Fein MLA has said. Raymond McCartney says the pay rise, recommended by the Living Wage Foundation’s (LWF) and due to take effect next month, should be implemented in the north as well as in Britain.
Fairhill Shopping Centre in Ballymena sold to UK investor for £46m
Rockspring Property Investment Managers snapped up the Co Antrim retail site. It comes after the Belfast Telegraph revealed the centre had been put on the market along with two other major retail assets belonging to Sam Morrison's company Corbo - Altnagelvin Retail Park in Strabane and the Showgrounds in Omagh.