Ireland news

02 April 2015
Leading grocery discounter Lidl has announced plans to open 60 more stores in Ireland, a move that will see competition increase within the country's grocery sector where Musgrave is currently the market leader. Intensifying the competition According to IGD Datacentre , Lidl achieved €1,151mn turnover in Ireland in 2014 and this is set to rise with the news of the discounter's bold...
26 March 2015
Tesco's managing director for London, Andrew Yaxley, is to take up the role of CEO of Tesco Ireland next month according to reports in Irish media. Tesco London boss to replace Phil J Clarke Yaxley will replace Phil J Clarke who has announced his intention to retire this week after less than two years in the role. A 40 year veteran at Tesco, he was appointed in July 2013 to succeed long sta...
23 February 2015
Major Irish supermarket network SuperValu, supplied by, and affiliated with, distributors Musgrave, saw its total retail sales boosted to €2.58bn in 2014, helped by the integration of the 24 former Superquinn supermarkets as of last February.  The network now holds almost 25% share of the Republic of Ireland grocery market and serves over 2.6 million customers a week. Overall, sales grew by 23%, ...
06 February 2015
Poundland has announced that, subject to regulatory approval, it is to acquire 99p Stores' 250 store business for GB£55 million (US$83.8 million). An important step forward for Poundland The Poundland business has gone from strength to strength over recent years, with a hugely impressive track record of double-digit growth. The business has delivered this while maintaining solid profitability...
03 February 2015
Musgrave has announced that its Republic of Ireland convenience chain, Centra, saw sales up by 3% in 2014, surpassing €1.5bn for the first time, and confirming its position as the leading convenience brand in the market. Growth lead by food to go, hot drinks and private label Musgrave has worked hard in recent years to evolve a best-in-class offer to target the changing needs of modern sh...
23 January 2015
It has been announced that multi-platform wholesaler BWG, the parent of the SPAR brand in Ireland is to acquire the ADM Londis, adding another symbol network to its existing portfolio of retail brands, and enhancing its position as one of the two key players in the Irish convenience retailing alongside Musgrave.  ADM Londis has owned the Londis brand in Ireland wholly separately from the UK Londi...
23 January 2015
Tesco has unveiled the Tesco Supplier Network , a new interactive platform that aims to bring together Tesco employees, suppliers and producers from around the globe. Supply chain efficiencies The website, which is open to all of Tesco’s suppliers and producers, focuses on supply chain efficiencies, product and packaging waste reduction and sustainability as well as updating members on lat...
21 January 2015
Poundland has revealed robust Q3 figures for the 13 weeks to 28 December 2014, during which it saw record Christmas trading. Q3 sales up 9.8% During Poundland's third quarter, total revenue, excluding Spain, on an actual currency basis was £328.4m, up 9.8% on the previous year (+10.2% on a constant currency basis). Poundland increased its revenue in the quarter by £29.3m, with good growt...
08 January 2015
M&S Q3 results for 2014/15 show total group sales fell by 1.6% in the 13 weeks to 27 December 2014. The retailer's results were supported by positive food sales over the Christmas period at +0.1% like-for-like. Record Christmas sales week M&S has made positive progress in its food business over the reported period, revealing total food sales of +2.8%. The key festive week resulted in exc...
18 December 2014
The high street value channel has experienced outstanding growth this year. We reflect on the progress of the UK's high street value discounters over the last quarter and how they are setting themselves up for further growth in 2015. Poundworld invests in IT Single-price retailer Poundworld has begun a 10-month investment programme in its IT systems as it prepares to double its es...