Top stories in the papers this week 19 – 26 March 2012
Full drinks licence granted to Dame Street Spar; SuperValu to create 400 jobs in new shops; Nine per cent of Irish food and drink exports go to Tesco
Print26 March 2012
1. Full drinks licence granted to Spar on Dublin’s Dame Street despite objections
The Spar in the old Burton’s Store on Dublin’s Dame Street has been granted a full drinks licence despite facing objections from the Temple Bar Traders group and the owner of a Centra Store that is situated almost opposite the Spar shop. The Irish Times reports Mr Justice Matthew Deery granted the full drinks licence; stating that Dame Street was a busy area and the Spar store was in a different neighbourhood from Temple Bar.
2. SuperValu to create 400 jobs in new shops
SuperValu is to create 400 jobs over the next year, as five new stores are added to its national network. Breakingnews.ie reports the supermarket chain said almost 200 of the jobs will be created in new stores in Celbridge, in Co. Kildare and Milltown Malbay, in Co. Clare. The balance of jobs will come from store extensions and other independent stores joining the SuperValu network, as part of a €20m investment programme.
3. Nine per cent of Irish food and drink exports go to Tesco
Exports to the Tesco group represented 9% of the total value of Irish food and drink exported during 2010, according to a new report by Indecon International Economic Consultants. The Irish Times states Irish suppliers allegedly exported €705.8 million of Irish-produced goods to the Tesco stores internationally and that the retailer is worth €2.7 billion a year to the Irish economy, when multiplier effects are taken into account.
4. ISME wants ‘fair payments’ law
The small firms representative group ISME wants the government to introduce a “fair payments” law to protect businesses. The Irish Examiner reports ISME has said some small enterprises have to wait up an average of 71 days to be paid.?This, the group claims, has a negative impact on cash flow and can lead to firms going out of business.?ISME chief executive Mark Fielding argued that businesses cannot afford to wait so long.
5. More than two-thirds of traders have received rent reductions
According to a new survey, 68% of retailers have received rent reductions following the slowdown in consumer spending in recent years. The Irish Times reports the remaining 32% of respondents were either refused rent concessions or did not ask for them. Conducted by estate agents Jones Lang LaSalle, the survey showed 68% of respondents said their rent was cut by over 20% and over half of them reported reductions of at least 30%.
Also:
Smart Consumer: Five ways to take the sting out of your weekly shop (Irish Independent)
Food firms caught up in big retailers’ price wars (Belfast Telegraph)
Food sector speaks up as hunger for success grows (Belfast Telegraph)
Sainsbury piles the pressure on Tesco (Business World)
McDonald’s seeks 50% rent reduction (Irish Times)
Shoppers warned over high charges for prepaid card (Irish Independent)
Grafton needs street manager to compete with shopping centres (Irish Independent)
Food firm’s loss after Hovis’ profits go stale (Belfast Telegraph)
Osborne defends Sunday trading (Irish Times)
McSweeney pharmacy group to emerge from examinership (Irish Times)
€3bn fall in lending by banks to companies over last year (Irish Independent)
Shoppers warned over high charges for prepaid cards (Irish Independent)
Dozens of jobs to go in Co-op’s food aisle (Belfast Telegraph)
Good St Patrick’s weekend sales cheer retailers (IBEC)
Takeaway pizzas twice as salty as those from supermarkets, study finds (Guardian, UK)
Why Co-op’s bank crusade needs to succeed (Guardian, UK)
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