Ireland news

14 April 2021
Tesco has outlined how it plans to focus more on value, loyalty, online and sustainability following the release of exceptional full year results. In this article we look at Tesco's progress over the past year and current areas of focus for the business. Headline results Group sales: +7.1% to £53.4bn (+7.0% at constant exchange rates) UK & Ireland LFL sales +6.8%, (H1 +7.2%%, H2 +6.5%...
09 March 2021
The Irish market grew 16.3% in the 12 weeks to 21 February, according to the latest results from Kantar. The festive season and the reintroduction of lockdown restrictions were the main drivers of growth. The market: slow growth lies ahead Growth accelerated further in the last four weeks, with sales reaching +17.7%. This was the highest level since November 2020. On average, household's ...
18 February 2021
South Africa-based SPAR Group reported sales growth of 9.8%, to ZAR42.99 bn (US$3.0 bn), during the 18-week period to the end of January 2021. The Group enjoyed growth across all its country operations, with a strong advance in performance seen in Poland. Growth in South Africa impacted by lost liquor sales In its home market SPAR reported group sales growth of 3.4%, with its performance af...
10 February 2021
Amazon is set to launch its first fulfilment centre in Ireland, as reported by The Irish Times (via Bloomberg).   650,000 sq ft unit According to the report, Amazon is close to signing a deal to launch a 650,000 sq ft fulfilment centre in Baldonnell, west of Dublin. At the unit, Amazon staff will pick and package orders for customers. The retailer already operates delivery warehouse in Rath...
09 February 2021
The Irish market grew 16.4% in the 12 weeks to 24 January, according to the latest results from Kantar. Irish shoppers spent an extra €142.8m combined on take-home groceries compared to last year. Growth was driven by the festive season and the reintroduction of lockdown restrictions. A January like no other Growth has accelerated further in the last four weeks, with sales +16.8%. The retur...
15 January 2021
We take a detailed look at the new restrictions on alcohol promotions in Irish supermarkets that came into force this week. Reducing alcohol consumption by reducing promotional activity There are three new measures that will have an impact of grocery retailers; Retailers are banned from selling alcohol at a reduced price on the basis of the purchase of another product or service. This...
14 January 2021
Tesco has reported a very strong set of results in the UK and Ireland, with trading momentum from Q3 accelerating into the Christmas trading period. However it also warned of increasing Covid costs as the pandemic becomes more severe. These are now expected to reach £810m for the full year, up £85m from the previous estimate in October. Headline LFL results   Q3: 13 w...
12 January 2021
December was a record-breaking month for the Irish grocery market, with sales of €1.2 bn on groceries, according to the latest results from Kantar. The market grew 17% in the 12 weeks to 27 December, with lockdown restrictions and Christmas contributing to the strong sales increase. Dunnes retained the largest market share during the period. Notable performances also came from Lidl and Tesco, ...
06 January 2021
Dunnes Stores (Bangor) Ltd, the Northern Irish subsidiary of Dunnes Holding Company has released its FY19 results. They reveal growth in sales, alongside a drop in profits. Sales +5.9% Sales grew 5.9% to £113.6m in the 12 months ending 28th December 2019, in Dunnes Northern Ireland stores. It also reported a foreign exchange loss of £1.4 million and a tax payment of £366,000, which resul...
16 December 2020
The Irish grocery market continues to see growth accelerate, as another lockdown begins and we approach the festive season. Take-home grocery sales grew 16.4% in the 12 weeks to 29th November, according to the latest figures from Kantar, an increase on the 14.4% growth we saw in the previous reporting period. Busiest month since first lockdown Just as we saw in October, spend was over €1bn ...