Markets/Ireland/News

Ireland news

23 June 2016
Tesco has reported total group like-for-like sales up 0.9% for the 13 weeks to 28 May 2016, including a second quarter of positive growth in its core UK operation.  Boosted by clear volume growth of +2.2% and transactions up 1.7%, UK like-for-likes were +0.3%, though slightly down on the +0.9% seen in the previous quarter.  Meantime international sales were solidly ahead with like-for-likes of 3....
16 June 2016
Poundland's results for the year ending 27 March 2016 reflect both a challenging market and disruptive trading from its recent 99p Stores acquisition, however the discounter is confident that this has prepared the ground for future growth. FY 2015/16 in numbers Total sales for the year came in positive at £1,326m, up 18.7% on the year before, due to the 53% increase in stores across ...
10 June 2016
Iceland has reported financial results for the year ending 26 March 2016, with total sales falling 0.8% to £2.675bn. LFL sales improve but remain negative Iceland's like-for-like sales for the full year came in at -2.7%, reflecting a decrease in total customer transactions. While Iceland managed to improve its like-for-like sales from the  previous year's -4.4% , the retailer has face...
12 May 2016
In a blog on the day of the IGD Tesco Business Update, Chief Product Officer Jason Tarry outlined how Tesco will work to improve supplier relations further, building on the progress of the last 12 months. A year of major developments The Tesco business has changed hugely over the last 12 months and much of the transformation has been centred on supplier relations. Tesco became the first UK ...
21 April 2016
Following news last year that Poundland would trial a multi-price fascia in the UK, the discounter has unveiled the new concept as Poundland & more, with the first store now open in Slough, Berkshire. Six trial stores to open in April 2016 The Slough store, and the remaining five that will open this month, were all larger 99p Stores units.  The locations for the upcoming trial stores are Gi...
19 April 2016
In an interview with The Irish Times, Lidl Ireland MD John Paul Scully has shared the discounter's expansion strategy in Ireland as it goes from strength to strength with sales exceeding €1bn. €1bn barrier reached 'a while back' While Lidl does not disclose revenue numbers, Ireland's MD John Paul Scully has revealed that the discounter's Irish operations reached the  €1bn mark '...
14 April 2016
Leading UK single price discount retailer, Poundland has announced Q4 sales up 29.8%, significantly boosted by the addition of the the 99p Stores estate, which contributed some 26 percentage points of growth (£67m).  Full year growth (to 27 March) was 17.9%, with turnover reaching £1,310m. Core business growth slowing Full year growth within the core Poundland business (excluding 99p Sto...
17 March 2016
Ireland-based forecourt operator, Applegreen has announced results for its full year to 31 December 2015, with sales up a substantial 15.4% to €1,082m, boosted by 48 new sites, comprising 37 in the Republic of Ireland, eight in the UK and 3 in the US.  However, like-for-like growth was impacted by the high levels of deflation in fuel, and was down 9.2%. Focus on developing 'store' and 'food'...
02 March 2016
Poundland's Jim McCarthy is stepping down from his role as CEO after 10 years to begin his retirement. Ten years at the top During his time at the helm, McCarthy has led the discounter's success, taking sales since he joined in 2006 from £310m to £1.1bn in 2015. Other recent significant achievements include acquiring the 99p Stores estate to make Poundland the largest discounter in t...
02 March 2016
Poundland's latest celebrity collaboration with ex-Ground Force host Charlie Dimmock brings shoppers a new value gardening range. 120 lines in new gardening range The new range, called 'In the garden with Charlie Dimmock', comprises of 120 new lines, in time for the spring and summer seasons. The range is split into eight categories, which include solar lighting, planting accessor...