Retail Ireland, the Ibec group that represents the sector, warned that the retail sales figures for July, released by the CSO today, act as a timely reminder not to take continued growth in the sector for granted. Core retail sales in July decreased by 0.6% when compared with June, indicating a mid-summer dip in performance. […]
Retail Ireland, the Ibec group that represents the retail sector, has highlighted growing concern amongst retailers that the sector’s competitive position is being undermined as costs increase. In its latest Retail Monitor, the group identified particular concerns regarding Government controlled costs such as commercial rates, the minimum wage, and levies attached to utilities.
Retail Ireland Director […]
Shopify Inc., the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses came to Galway two years ago to establish a strong and robust support team in Ireland. Known as “Gurus,” Shopify’s Irish support staff are all remote workers, meaning they can work wherever they want.
Welcoming the announcement, Tánaiste and Minister for Enterprise […]
Retail Ireland, the Ibec group that represents the retail sector, has launched a new policy paper entitled ‘Tackling the rates burden’. The paper highlights the serious deficiencies in the current system governing how local authority rates are levied and collected from retailers, resulting in over €200 million in uncollected rates each year. The retail sector […]
SuperValu has announced the creation of over 40 jobs at a new SuperValu store in Dundalk. Due to open in Autumn this year, the 17,600 squ feet store will be located in a new retail development at the former Fairways Hotel Site in Dundalk.
A further 70 jobs will be supported during the development’s construction phase. […]
Musgrave has announced its results for the financial year 2016. The Group reported sales of €3.7 billion and profit before tax of €73 million. Net cash was €121 million and shareholder funds were €249 million at year end.
Commenting, Chris Martin, Musgrave Chief Executive said: “2016 saw a strong performance by Musgrave benefitting from investment in […]
Sandwich restaurant Subway has said it will increase the number of its outlets on the island of Ireland by 51 by 2020, bring its total here to 321 and creating 408 new jobs.
Subway said it aims to increase the number of stores in Ireland and the UK to 3,000 by 2020, creating around 5,000 new […]
The latest grocery market share figures from Kantar Worldpanel in Ireland show the highest market growth since January 2017. The latest figures reflect the impact of Easter on consumers and retailers alike, with the holiday falling outside of the comparable time period in 2016.
Price deflation, which has held steady at -0.2%, has been offset by […]
Retail Ireland, the Ibec group that represents the sector, has joined forces with the British Retail Consortium and the Northern Ireland Retail Consortium to explore the implications for the sector arising from Brexit. They will meet in Dublin with a number of Government Departments, consumer advocates and individual retailers to seek solutions to mitigate the […]
Outdoor clothing company Regatta Great Outdoors has announced the creation of 100 new jobs in Ireland with the opening of several new stores nationwide including key locations in Galway, Dublin and Waterford. This expansion sees Regatta Great Outdoors set to become a prominent household name across Ireland as the company has reported multi-million turnovers in […]
Retail Ireland, the Ibec group that represents the retail sector, has announced Willie O’Byrne, Managing Director of BWG Foods, as its new Chairman. Mr O’Byrne will serve a two year term and replaces outgoing Chairman, Conor Whelan, Managing Director of Eason Group. He will be joined at the helm of the organisation by Brian Donaldson, […]
New figures show that for the first time, Dunnes Stores has maintained its position as the country’s biggest grocer for two months in a row. Figures from Kantar Worldpanel show that the supermarket increased its market share of the grocery market to 22.9% for the 12 weeks to February 26. This is up from 22.5% […]
The Irish subsidiary of WH Smith, paid a €2.5 million dividend to its parent late last year after it recorded a 14% rise in revenues. However, the firm also reported a sharp fall in pre-tax profits as the cost of sales jumped 20%.
Files recently lodged with the Companies Registration Office show the retailer generated pretax […]
The seasonally-adjusted volume of retail sales decreased by 0.7 percent in the month of December, according to figures released by the Central Statistics Office on Friday. However, December’s sales are still up 3.4 percent compared with the previous year.
Excluding motor trades, there was a decrease of 2.7 percent in the volume of retail sales in December 2016 when […]
Tourism Ireland published research on Tuesday that shows the potential impacts of Brexit on tourism to the island of Ireland in 2017 and beyond.
Tourism Ireland commissioned RedC to conduct research among 2,000 British consumers, to assess their propensity to travel overseas in a post-Brexit world. The research shows that, up until now, there has been […]
The volume of retail sales for November was up 4.3 percent when compared with the previous year, and up 0.9 percent compared with October 2016, figures released by the Central Statistics Office on Thursday reveal. These figures exclude price effects.
If Motor Trades are excluded, there was an increase of 3.1% in the volume of retail […]
Breege O’Donoghue was appointed as the new Chair of the Design & Crafts Council of Ireland (DCCoI), Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor said on Friday.
Breege O’Donoghue is currently a non-executive director of C&C and of Shaws and Sons Ltd. and has worked in the fashion and retail sector with Primark for […]
Ireland were recorded as the second-highest users of social media by enterprises in 2016, according to a report released by the CSO on Tuesday. 67% of Irish enterprises employing 10 or more people used some type of social media such as Facebook, Twitter and YouTube compared with an EU-28 average of 45%. The use of […]
Allsop’s final auction of 2016 took place this week with 158 properties sold and total sales of over €28m, Daft.ie’s Martin Clancy reported on Monday.
“The auction was characterised by competitive bidding from investors targeting properties with strong rental income and potential for asset management,” Allsop’s Divisional Director, Jonathan Fenn, said. “A mixed-use investment in Tuam […]
Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according to a new report released by property consultants, Savills Ireland, on Friday December 2.
“Rents in some prime shopping locations have already risen by more than a third over the last three years,“ Director of Research […]
Irish consumers have remained cautious in the face of uncertain economic conditions, contrasting with changing attitudes in other areas, according to the November Consumer Sentiment Index, released by the ESRI on Thursday, December 1.
The consumer sentiment index rose slightly to 97.8 in November, compared with 97.3 in October. However, it remains lower than the 103.1 […]
Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor attended a day-long meeting of EU Single Market Ministers in Brussels on Monday, November 28, to support the proposal for an EU Regulation to prevent geo-blocking, the practice whereby consumers are charged different prices on websites based on their nationality or the location from which they […]
A string of external pressures has the potential to derail the retail sector’s fragile recovery in the run up to Christmas, according to IBEC’s Retail Ireland group.
Speaking at their annual conference in the Guinness Storehouse, the group has warned of the immediate concerns caused by the Sterling collapse, which risks driving customers north of the […]
Private property group Ballymore has officially launched its new docklands development, Dublin Landings, at an event at the CHQ Building IFSC on Custom House Quay this morning.
Dublin Landings is set to be a 1 million square foot mixed-use development on North Wall Quay. Five new buildings are set to be delivered by 2020, with 700,000 […]
Tesco may not be out of trouble yet after a turbulent few years, but there was nevertheless positive signs as it published its latest set of financial results.
Shares at Tesco began to fall in 2011, and have kept on falling, culminating in an accounting scandal that wrote off £263 million in profits towards the end […]
Recent reports in the Irish Daily mail show that tobacco companies have spent about €500 in taxes which is an 81pc increase since last year. This tax is leading to a packaging ban. Companies will be allowed to sell the product that they have in stock until May 2017.
e ShopWorld recently announced that they will be creating over 60 jobs in Ireland.
After recent studies of tax affairs, it was found that Microsoft saves €127m in taxes each year by booking sales through Ireland.
The discount retailer, Dealz plans to open 20 new shops in Ireland in the next year even though profits are at a low at Poundland.
A new survey by the pwc shows that many leaders in the construction industry believe that their business would suffer if Britain left the European Union.
As Netflix provides online video streaming to about 200,00 Irish viewers, the company has decided to implement higher prices in order to pay for new content.
US-owned online furnishing and homewares retailer Wayfair is to announce 160 new jobs for Galway this morning.
Wayfair currently employs 200 people in the city and specialises in home furnishings and décor. The compnay is planning to expand its new European Operations Centre on the Tuam Road in the building formerly known as Connaught House.
The IDA Ireland backed […]
Supermarket chain, Aldi is to create 20 new jobs with the opening of its largest store in Sallynoggin in Co Dublin. This brings the total number of Aldi stores in Ireland to 124.
The supermarket chain currently employs more than 3,000 people in the Republic of Ireland.
The new Sallynoggin store is Aldi’s 18th in Dublin.
Speaking at the […]
Athlete’s Foot, a new shoe company for Ireland has announced it is to create 28 new jobs.
The global footwear company has announced plans to open four new shops in Ireland this year. Their first store, opening today on Oliver Plunkett Street in Cork will employ 7 people.
The Irish franchise of the T.A.F. is to be run by […]
Two new Lidl stores will open today with the creation of 45 jobs. The shops will open in Glanmire in Cork and Ballina in Mayo.
There are 145 Lidl stores in Ireland and this will bring the supermarket chain’s workforce in the State to almost 4,000.
The German chain has benefitted from increased spends during Irish shoppers’ supermarket […]
Supermarket group SuperValu has reported sales of €2.6 billion in 2015 and it said it now has 25% of the total market share.
The retailer, which is owned by Musgraves, said it performed particularly well in the lead up to Christmas, with growth of 4.3% in the last 12 weeks of the year.
There are 221 SuperValu […]
TV presenter Alexa Chung is to tie up with Marks & Spencer to launch a fashion collection inspired by the high street giant’s extensive archives.
The 31-piece womenswear collection will be called Archive by Alexa and will launch in selected stores and online in April.
Ms Chung and the M&S design team said they have been trawling […]
Argos owner Home Retail Group, which is being pursued by supermarket Sainsbury’s, has agreed to sell DIY chain Homebase to Australian conglomerate Wesfarmers for £340m.
The Australian supermarkets-to-industrials firm said it plans to rebrand Homebase’s 265 UK stores under the Bunnings fascia, its domestic DIY chain.
Home Retail said it expects to complete the deal, subject to […]
Irish consumers spent €77 million more over the final 12 weeks of 2015 than in the same period the previous year according to new figures from market research firm Kantar Worldpanel.
Its latest grocery market share figures suggest the top five supermarket groups in the country all experienced a rise in sales over the key Christmas […]
Due to lower prices and more staff, Tesco achieved better than expected results over the key Christmas period, suggesting the supermarket chain may finally be recovering from several years of turmoil.
Tesco said it grew sales in the 19 weeks to January 9, the first increase in over four years. The company has been wrong-footed by the seismic changes […]
Grafton Group, the builders merchanting and DIY Group announces that it has completed the acquisition of T Brewer & Co Ltd, a London based specialist timber business that trades from three branches in Clapham, Enfield and Amersham.
It generated revenue of approximately £14m (€19m) in 2015.
Grafton said the deal “extends coverage of the merchanting market in […]
Health food chain Holland & Barrett International is bidding to almost double sales to £1bn (€1.37bn) over the next five years, after it posted a record seventh consecutive year of growth.
The Nuneaton-based business said it plans to hit revenues of £1bn (€1.37bn) by 2020 by rapidly expanding its overseas business, from its current base of […]
Irish shoppers are expected to spend €100 million (or €4 million an hour) on Black Friday, but only 35% of Irish SMEs with a website can process payments online and only 42% can take sales orders online, according to new research undertaken by the IE Domain Registry (IEDR).
Black Friday is the day after the US […]
Tesco will pay $12m to settle legal action by US shareholders which claimed last year that accounting irregularities inflated the supermarket’s share price.
Tesco PLC today announces that it has reached agreement in principle to settle a class action commenced in New York on behalf of the holders of the Company’s American Depositary Receipts, which represent approximately […]
Dealz, the discount retailer, is to create 400 new jobs as part of a new €6 million investment in Ireland.
The company, which has just opened its 50th store in the country, currently employs more than 1,500 people in the Republic and will be creating a further 200 temporary positions over the holiday period.
Dealz opened its first […]
Three in ten visitors to Kildare Village are travelling from overseas.
Sales at Kildare Village are at a record high as they increased by 17.7 percent in the year to date ahead of a new phase of extensions that will see 33 new boutiques and 2 new restaurants open.
The new extension will bring the total amount […]
The Denso BHT-1100 scanner has recently been introduced in the Musgrave NI stores, SuperValu and Centra. The Denso BHT-1100 has proven to be highly reliable and accurate and the feedback by managers and employees has been thoroughly positive.
“Our experience with the Denso scanners has been outstanding. We can use them in the sales area, store rooms […]
Supermarkets experience the best year in Ireland over the last five years
Dunnes Stores experienced the largest growth of any Irish supermarket in the last three months. The retailer increased its sales by 4.7 percent which brought its current market share to 23.2 percent.
This marks the eleventh successive period of sales growth for Dunnes, as its […]
The Central Bank launched the new rounding scheme, which will see cash transactions rounded up or down to the nearest five cent, thus removing the smaller bronze coins.
Ireland is following the lead of six other EU countries in doing so.
A trial run has already been carried out in Wexford which, according to the Central Bank, […]