Barry Group reports combined turnover of €691m in 2008
9 November 2008
Leading wholesaler the Barry Group reported a combined turnover of €691 million in 2008, at its annual Costcutter conference last month. Speaking at the event entitled ‘Retailing in Turbulent Times’, managing director Jim Barry said: “Our objective is to increase our scale to better respond to market change…through a combination of organic growth, acquisition and the identification of additional opportunities in the market.”
The combined investment in 2008 by Barry Group and its retailers was over €25 million. The group will surpass its 2008 target of opening 22 new stores, as 32 will have joined by the end of this year, bringing the total number of Costcutter stores in Ireland to over 135.
Amongst the innovations in 2008, Barry Group announced that it is soon to launch the Irish Hamper Store. The online business offers hampers of luxury products sourced from around the world and delivered to all destinations in Ireland, Europe, Australia, the US and New Zealand by logging onto www.theirishhamperstore.ie.
Finally, the Costcutter Store of the Year 2008 Awards were announced at a gala banquet at the end of the conference. The overall winner was Costcutter Supermarket, Ballybofey, Co. Donegal, while Kearneys Cosctutter, Grenagh, Co. Cork and Martin Murphy, Amber Oil, Mayfield, Co. Cork won Foodmarket and Express Stores of the Year 2008, respectively.