Industry & Business

Retail

Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

    Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

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 […]

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Uncertain Economic Outlook Keeps Irish Consumers Cautious

    Uncertain Economic Outlook Keeps Irish Consumers Cautious

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 […]

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Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

    Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

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 […]

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Sterling collapse to put pressure on “fragile” retail sector, warns IBEC

    Sterling collapse to put pressure on “fragile” retail sector, warns IBEC

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 […]

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Ballymore launches new “Dublin Landings” docklands development worth up to €700m

    Ballymore launches new “Dublin Landings” docklands development worth up to €700m

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 […]

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Tesco’s sales in Ireland rise 0.2% in “highly competitive” market

    Tesco’s sales in Ireland rise 0.2% in “highly competitive” market

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 […]

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Tobacco Companies’ Taxes Raise by 81pc

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.

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e ShopWorld Creates Jobs in Dublin

e ShopWorld recently announced that they will be creating over 60 jobs in Ireland.

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Organizations Save Millions in Taxes by Booking Sales in Ireland

After recent studies of tax affairs, it was found that Microsoft saves €127m in taxes each year by booking sales through Ireland.

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Poundland Plans Growth in Midst of Takeover

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.

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PwC Survey Shows Potential Setback in the Construction Industry

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.

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Netflix Raises Fees for Irish Users

    Netflix Raises Fees for Irish Users

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.

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Wayfair to create 160 jobs for Galway

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 […]

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Aldi creates 20 jobs at new Sallynoggin store

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 […]

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Shoe company to create 28 jobs in Ireland

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 […]

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Two Lidl stores to create 45 jobs

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 […]

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SuperValu reports sales of €2.6 bn

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 […]

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Alexa Chung teams up with M&S

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 […]

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Home Retail confirms Homebase sale to Wesfarmers

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 […]

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Supervalu retains number one position

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 […]

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Tesco beats forecasts with strong Christmas sales

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 […]

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Grafton Group acquires London-based timber firm

    Grafton Group acquires London-based timber firm

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 […]

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Holland & Barrett sets £1bn sales target

    Holland & Barrett sets £1bn sales target

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 […]

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IEDR: Only 35% of Irish SMEs can process sales online

    IEDR: Only 35% of Irish SMEs can process sales online

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 […]

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Tesco settles US lawsuit over accounting scandal

    Tesco settles US lawsuit over accounting scandal

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 […]

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Dealz to create a further 400 jobs in Ireland

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 […]

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Record 17 percent increase in sales at Kildare Village

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 […]

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Denso scanners in use at Musgraves saves time by half

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 […]

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Largest growth for Dunnes Stores among Irish supermarkets

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 […]

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Change is coming and going with new rounding scheme

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, […]

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