Markets/Ireland/News

Ireland news

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...
25 February 2016
Musgrave owned retailer SuperValu has underlined its position as Ireland's leading grocery retailer after growing sales from €2.58bn in 2014, taking 25% share of the total market share, serving 2.6million customers each week. The company plans to expand its store numbers by adding five new stores to its existing 221 stores with investment of €28m. Fresh food leadership SuperValu attributes ...
22 February 2016
It has been announced that major European foodservice group Brakes has been acquired from Bain Capital by the leading US foodservice distributor Sysco, in a deal worth around £2.2bn. Subject to European competition review the deal is expected to complete before the end of Sysco's financial year in July 2016. Gains Sysco a strong position in five European markets While still generating the la...
18 February 2016
We explore the opportunities for new and existing suppliers to grow with Poundland as the discounter ventures beyond its signature price point. 1. Special promotions Poundland is evolving its £1 business model in-store with  Special Promotions that allow shoppers to buy round-pound products above the £1 price point, with the condition of spending one pound. Having trialled the prom...
03 February 2016
CEO of Tesco Ireland Andrew Yaxley has set a new vision for restoring the performance of its Irish operations, with an increased focus on customer engagement, simplifying its product range and developing sales channels. Creating a simpler Tesco In an address to the 2016 Checkout Conference Ireland that echoed the recent rethink by Tesco in the UK, Yaxley highlighted how Tesco Ireland needed...
01 February 2016
Couche-Tard has completed on its previously announced acquisition of one of Ireland’s leading fuel and convenience store retailers, Topaz. New leadership in place to drive integration with Couche-Tard Couche-Tard and Topaz announced their proposed deal last December, and with no major regulatory issues to overcome, it has been completed relatively quickly. The business will be led by Niall...
26 January 2016
Ahead of IGD's Poundland Trade Briefing next month, our Director of Retail Insight, Ben Miller , speaks to Poundland's Trading Director, Simon Twigger , about the discounter's recent results, its growing estate and new ranges. BM: Poundland recently published its Q3 results. While the city focused on profit performance, our eyes were drawn to the sales growth opportunities you are c...
21 January 2016
IGD's Retail Analyst, Priya Chandarana , and Shopper Insight Manager, Rupal Mathur , explore the newly converted Poundland in Eltham, following the discounter's acquisition of 99p Stores. Core layout and ranging In autumn 2015, Poundland started the process of converting the acquired 99p Stores estate. By the end of the year, 25 stores had been converted, including the store on Elth...