Ireland news

17 May 2022
As Musgrave’s Centra banner announces its 2021 results and its SuperValu banner launches its Taste of Local initiative, we round up developments from the company. Centra: +2.5% growth to €1.98 bn in 2021… Centra reported annual growth of 2.5% in 2021, taking its sales to €1.98 bn. The banner said the growth was driven by its convenience offering, increased consumer demand for its wide range...
13 April 2022
As Tesco releases its annual results, Senior retail analyst Nick Gladding shares his initial thoughts on today’s numbers and what they tell us about the direction of travel at the UK market leader. Strong performance across the group drives sales and profits Group sales growth of 3.0% in the year to February 2022 is undoubtedly impressive against highly challenging pandemic elevated compara...
16 February 2022
Contract caterer, Compass has launched a checkout free food-to-go format at the new headquarters of the leisure group, Flutter, which operates brands including Paddy Power and Betfair. Located at Clonskeagh, south Dublin, the new store called Market X provides one of the on-site food concepts available to the 1,700 employees at the complex. As well as Flutter employees the store is also accessibl...
08 February 2022
Sales in the Irish market declined 6.4% in the 12 weeks to 23 January, according to the latest results from Kantar. Despite the decline, sales remained elevated compared to pre-pandemic levels, with market growth at +11.2% versus 2020. Shopping habits are returning to normal Shoppers are buying more than pre-pandemic when they do visit supermarkets. Spend was up 13.3% on each trip compar...
13 January 2022
Tesco has lifted its profit forecast following very positive Christmas trading. In this article we explore what drove this success and how it plans to continue the momentum in the year ahead. Value and quality drive UK growth Tesco’s 0.3% growth over the six weeks to January 8 th and 8.8% over two years confirms the retailer’s position as one of the key winners from the Christmas trading p...
11 January 2022
In November 2021, we visited Dublin to see some of the newest food-to-go stores and concepts.  Here are five of the must-see stores in Dublin that prove that Ireland remains best in class for food-to-go inspiration.  1. Centra, Miller’s Glen The new Centra store in Miller’s Glen, opened in November 2021, has a clear food-to-go focus, with a range of fresh hot and cold options, spanning a...
01 December 2021
Tesco has made its first acquisition in Ireland since it entered the market in 1997. What? Tesco has acquired all 10 supermarkets of Joyce’s in Galway for an undisclosed sum. The deal is subject to approval by the Competition and Consumer Protection Commission (CCPC) but is expected to be approved soon. The Joyce family will retain full ownership and control of their other business int...
09 November 2021
Irish retailer Musgrave has released its 2020 financial results, for the 52 weeks to 31 December. Performance of the retailer’s banners was mixed, with the pandemic impacting areas of the business differently. However, overall, Musgrave performed well with group sales increasing by 14% to €4.5 bn, while retail sales reached €6.1 bn. Musgrave also grew its profit before tax 11% to €98m. Mixe...
06 October 2021
Following strong sales growth in H1, Tesco has launched four new strategic priorities designed to deliver multi-year top line and profits growth in a highly dynamic retail environment. Tesco has also updated its purpose to incorporate the growing importance of sustainability and communities into how it operates. Tesco’s four new strategic priorities Magnetic value for customers: Tesco’s a...
16 September 2021
Deliveroo and Amazon have announced a new offer in which Amazon Prime members can now receive free Deliveroo Plus membership for a year in the UK and Ireland. Free takeaway and grocery delivery The new offer follows Amazon’s investment in Deliveroo , which was cleared by the UK’s Competition and Markets Authority (CMA) in April 2020. Due to Amazon’s investment, it therefore has an incentiv...