Ireland news

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...
26 June 2015
Tesco has reported an improvement in trading in the UK and in international markets, as its new focus on lower prices and improving the shopping trip begins to deliver. UK: lower prices impact LFLs In the UK, LFLs improved to -1.3% in Q1 in the 13 weeks to May 30th, from -1.7% in Q4 and from -4.0% a year ago. Total sales ex-fuel and ex-VAT were -0.3%. This is despite significant price defla...
18 June 2015
Poundland has reported full year sales growth of 11.4% for the year to 29 March 2015. Underlying pre-tax profits reached £43.7m, a strong performance at +18.6%, while the retailer has also announced that Trading Director Richard Lancaster is to leave the business. Record sales exceed £1bn Poundland hit a milestone in the last full financial year with sales reaching £1.1bn. A healthy sales y...
10 June 2015
Iceland has reported a sharp fall in annual profits and negative sales growth in what CEO Malcolm Walker described as "an exceptionally challenging year". Profits drop in challenging market Iceland's underlying earnings for the 52 weeks ended 27th March were down 26% to £150.2m, £52m down on the previous year. While these results partly reflect a disappointing sales performance, the p...
04 June 2015
Following a visit to the Old Kent Road store, we share our thoughts on Iceland's latest format and how it is set to expand in the UK. New trade and consumer-friendly format Food Warehouse is Iceland's new larger frozen food outlet, with stores at more than double the size of a standard Iceland store at c.20,000 sq ft. The new format has extended category ranges in frozen, chilled and am...
26 May 2015
Schwarz Group has reported a strong sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl reports strong revenue growth Schwarz Group has reported a strong net sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl’s revenue grew by 9% to €59 bn year on year, while Kaufland’s revenue accounted for €20.3 bn, up 2.8%. Lidl operated around 9,800 stores out of whi...
21 May 2015
As Massmart prepares to open its first store in Kenya, SPAR (South Africa) announces first half results and Game appears to be benefiting from the addition of grocery ranges in its stores, we round up the news from the region. SPAR (South Africa)’s H1 results boosted by Irish acquisition South Africa-based SPAR Group has announced first half results saying that turnover increased by 40.7% t...
21 May 2015
Leading UK wholesaler Booker has agreed a £40m deal to buy the operations of Musgrave Group in Great Britain.  Boosts sales by around one-fifth The move significantly bolsters Booker's role in UK wholesaling and its symbol group presence, through bringing Musgrave's Budgens and Londis formats into the Booker stable. In 2014 Musgrave GB's sales were £833m (£504m from Londis and £329m...
18 May 2015
According to The Grocer, Aldi UK & Ireland has appointed two new joint general managing directors following the promotion of Matthew Barnes to CEO earlier this year. New joint MDs start on 1 September 2015 Dan Ronald and Giles Hurley have been named as Aldi's new managing directors. Both have been with the discounter since the beginning of their careers after graduating from unive...