Retail News Catch-Up

PRL IN-Market Solutions Round up a selection of the main stories in and around retail this week

 

February Fuel Prices Remain Stable

Irish fuel prices have remained largely unchanged for the second month in a row, according to AA Ireland.

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Visa Consumer Spending Index Shows More Increase

In a development that will come as a surprise to exactly nobody, the latest report in Visa’s Irish consumer Spending Index has revealed yet another increase – the highest since July 2016.

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Revenue Passes The €6bn mark at Kerry Group

Revenue at Kerry Group soared to €6.4bn in 2017 as the company benefited from a 4.3 per cent growth in its business.

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60% Of Irish Online Spending Went to Foreign Retailers In 2017

Retail sales on the whole rise 7% to €40 bn despite cautious spending in first half of year

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C&C Delegates US Ciders To Subsidiary

The group, which owns Bulmers Irish Cider, said that both parties recognise that current market dynamics require a different approach that concentrates on Vermont Hard Cider Company’s core business.

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Ibec Group Calls For Reduced State Aid Regulation For Irish Producers Post-Brexit

The Irish agri-food and drinks sector should receive exemptions from EU state aid rules to offset the economic consequences of a hard Brexit, a business representation organisation has demanded.

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Coca-Cola: Simple Choices Following Sugar Tax

Coca-Cola outlines how a new pack line-up will give consumers simple choices when the government’s tax on sugar-sweetened drinks is introduced.

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Beef, Bread & Booze Benefit From Lidl’s Buy Irish Campaign

Beef, bread and booze were the three B’s driving exports to Lidl’s pan-European network from its Irish suppliers last year, as the German discounter ramped up its spending on locally sourced products for its shelves at home and abroad.

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Profit At Glanbia Jumps Over 50% On Dairy Ireland Sale

Glanbia has reported its eight year of double digit growth, with group profit after tax of nearly €330m, up from €212m in 2016.

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Most Irish SMEs Have No Brexit Plan

According to a recent AIB index, most Irish SMEs on the island of Ireland do not have a Brexit plan in place.

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Tesco’s Matt Davis Joins N Brown

CEO of Tesco UK and Ireland, Matt Davies, has been appointed as the new chairman for British fashion retailer N Brown, effective 1 May, 2018.

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Retail Excellence Urges Government Action On Irish E-Commerce

The government’s Budget 2019 should prioritise retail-focused solutions in order to protect the industry, as almost two-thirds of online spend leaves Ireland, an industry body has urged.

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Should Belfast Shops Be Allowed Longer Opening Hours On Sundays?

Belfast City Council will hold a second public consultation over a proposal to designate the city as a holiday resort to allow shops longer opening hours on Sundays.

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