Ireland news

23 January 2020
Aldi Ireland has announced it will be running its 'Grow with Aldi' supplier development programme for the third year in a row, in 2020. So far the retailer has invested €1.5m in this initiative over three years, in association with Bord Bia. We look at what this means for Irish suppliers in more detail. Source: Aldi Ireland What? The 'Grow with Aldi'...
15 January 2020
Despite growth slowing in the lead up to Christmas, sales in the Irish grocery market reached over €1bn in December for the first time on record, according to Kantar. Overall market sales growth was 1.5% in the 12 weeks to December 29th. Discounters lead the way Aldi was the strongest performer of the festive season, with sales +6.3%. Lidl reached its highest ever market share in the period...
09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
05 December 2019
This week we have seen Irish retailer Musgrave acquire Drinks Inc and wholesaler BWG Group acquire Heaney Meats. We look at these deals in more detail. 1. Musgrave: expanding its portfolio to strengthen offer Musgrave has acquired the brand and assets of Northern Ireland drinks distributor Drinks Inc. This is part of the retailer's Growing Good Business strategy to ensure sustainable growth...
05 December 2019
Lidl Ireland has launched its 'Waste Not, Want Not' initiative in Ireland in a bid to combat food waste, according to Shelflife Ireland. What? A range of chilled food will have prices reduced by up to 90% on the day they reach their best before date, with prices as low as €0.90. The range will include fresh meat, poultry, fish, salads, cooked meats, milk and yoghurts. They are products that...
28 November 2019
We review Couche-Tard’s second quarter performance and the range of programmes and pilots underway which could underpin future growth for the Circle K operator. Strong Q2 performance Total Q2 merchandise and service revenue increased by 2.3% to $3.5bn, with same-store merchandise revenues up 3.3% in Europe, 3.2% in the US and 2.1% in Canada. Net earnings increased 22.3% to $578.6m. These re...
15 November 2019
South Africa-based SPAR Group, which operates across four countries, its home market, Ireland, Switzerland and Poland, reported its turnover rose 8.4% to ZAR109.5 bn (US$7.3 bn) in its financial year ending 30 September. It said its operating profit increased by 7.2% to ZAR3.0 bn (US$200.8m), helped by ‘ focused margin management and tight cost and efficiency control ’. Good growth in South Af...
02 October 2019
Tesco has announced H1 results, with group sales rising by 0.1%, or by 0.4% at constant exchange rates. Like-for-like (LFL) sales fell by 0.4% at a group level. As part of the announcement, Tesco also said that its group chief executive, Dave Lewis, was to step down and would leave the business in summer 2020. Headline results Group sales: +0.1% to £28.3 bn (+0.4% at constant exchange ra...
26 September 2019
Irish forecourt retailer Applegreen has released very positive results for the six months ending June 30th. Growth boosted by Welcome Break Total revenue growth was +73%, rising to €1.5bn (£1.3bn) in the six month period. Growth was boosted by its acquisition of motorway services operator Welcome Break. Excluding the Welcome Break figures, growth was +37% to €26.5m (£21.3m). Like-for-lik...
16 September 2019
Following the announcement that long-serving CEO of Musgrave Group, Chris Martin will be retiring, the group has announced Noel Keeley has been appointed CEO designate. Noel Keeley It was announced in May that Chris Martin would be stepping down after being with the business for 15 years. Noel Keeley will take over the position on January 1st 2020, following on from a handover per...