Ireland news

22 October 2015
Lidl has announced top-level executive changes in Austria and Poland, while Schwarz group CEO Klaus Gehrig opens up about the business in an exclusive interview with Dutch magazine, MT setting out the aim of generating sales of €100bn in the next five years. As part of the retailer's aim to reach the target, its recently announced expansion in France and the launch, in Germany, of its onlin...
13 October 2015
Lidl has rebuilt its store in Gorey, County Wexford, into a new, larger supermarket that represents a change in store strategy for the discounter. New concept store of the future Lidl's Gorey store has been described as a 'new concept' store. It is the first of its kind to be built in Ireland, standing out first and foremost for its size. At almost 30,000 sq ft and two stories high ac...
07 October 2015
Tesco has released encouraging interim results with improvements in underlying sales as it pursues its strategy of working to regain competitiveness in the UK, strengthen its balance sheet and rebuild trust and transparency Headline numbers: improving sales trends in UK and international Group sales down 0.3% to £23.9bn (constant exchange rates) Group statutory operating profit of £35...
07 October 2015
Following Tesco's interim results, we highlight five ways in which the retailer's new strategy is delivering positive outcomes. 1. UK recovery is on track  Tesco's ongoing investment into the customer offer though service, availability and price is driving a return to positive volume growth and an improved UK sales performance. Tesco has delivered a steady and consistent improvement in like...
01 October 2015
According to Retail Week, four senior managers from across Lidl's UK and Ireland businesses have each been appointed to roles in a different market, including a new appointment as international purchasing director at the discounter's headquarters in Germany. UK: key moves from Ireland Following three years as chief operations officer of Lidl Ireland, Martin Bailie has moved to the UK...
01 October 2015
Despite much speculation, Tesco's Chairman has confirmed that the retailer has not discussed any further material overseas disposals of its operations. South Korean disposal approved by shareholders At a meeting for shareholders, where the retailer's sale of its South Korean operation was approved, the Tesco Chairman, John Allan, commented that the business was not in discussions to sell...
30 September 2015
We update on the latest Kantar Worldpanel market shares for the 12 weeks to 13 September 2015 and report on Iceland's plans to grow in Ireland over the next five years. Tesco: returning to growth The Irish grocery market has delivered eighteenth months of consecutive growth, with year-on-year sales in the latest 12 weeks up 1.8%. For the first time since March 2013, Tesco has returned...
01 September 2015
Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. No minimum orders Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. Delays to t...
12 August 2015
Musgrave Group has reported improved results for the financial year ending 27 December 2014 and predicted a return to profit in 2015 as the business begins to benefit from a multi-year transformation plan and a recovery in the Irish economy. Sharp reduction in losses The Ireland-based symbol group and wholesaler recorded sales of €4.6bn (0.7% down on 2013), which after exceptional items, pr...
27 July 2015
A new leadership team is taking shape in Ireland as Andrew Yaxley takes action to revive Tesco's performance as the country is brought into Matt Davies' new UK and Ireland division. Tony Keohane retires from Tesco Keohane was chief executive of Tesco Ireland for many years, before becoming chairman in July 2013 when Phil J Clarke took on the role. Clarke led the business until Yaxley, who w...