Top stories in the papers this week 24 – 30 September 2011
Competition Authority clears Superquinn acquisition; Londis gives retailers iPads in €5m real-time ordering move; Bill to give tenants right to seek rent reviews
Print30 September 2011
1. Competition Authority clears the €250m sale of Superquinn to Musgrave
The Competition Authority has cleared the way for Musgrave’s €250m purchase of Superquinn. The Irish Independent reports the decision will create a grocery business with a market share roughly as big as Tesco’s in Ireland and bigger than Dunnes Stores’ share, as well as securing around 3,000 jobs. Following an ‘intensive investigation” the authority said the deal wouldn’t damage competition in the retail sector.
For more on Musgrave’s reaction, click here to see a ShelfLife.ie report
2. Londis gives retailers iPads in €5m real-time ordering move
ADM Londis handed out over 200 Apple iPads to its retailers at its annual conference in Kerry earlier this week. The Irish Times reports the move is the culmination of a €5 m five-year transition to electronic retailing by the group. The Apple tablet computers were pre-configured to access the Londis wholesaling platform Isis, allowing retailers to order stock directly from the shop floor or from a remote location.
3. Bill to give tenants right to seek rent reviews
Commercial tenants are set to get greater scope to renegotiate their leases with landlords from a new Bill that the Government is expected to publish in the next four to eight weeks. The Irish Times reports that the Government is preparing to give tenants the right to seek a rent review of commercial rental agreements from their landlords; a move that has been welcomed by Retail Excellence Ireland.
4. Government in talks about superstores cap
The government is in talks with the European Commission about the future of the cap on the size of retail premises in the Republic. The Sunday Business Post reports the Department of the Environment expects to agree a new approach to the issue in the coming weeks, which may pave the way for new international retailers to enter the market.
5. Discount Poundland stores open today as Dealz
UK discount retailer Poundland opened its first two stores in the Republic this week at Blanchardstown and in Portlaoise; creating 70 new jobs. The Irish Times reports that, using the brand name Dealz, the retailer is offering branded and non-branded food, toiletries, stationery and everyday household items at a single price point of €1.49. Poundland intends to open another four stores in Ireland by the end of next March as part of an initial €2m investment here.
Also:
PM warns stores over plastic bags (Belfast Telegraph)
-David Cameron has threatened to introduce tough new laws forcing retailers to cut the number of plastic bags they issue if they fail to do so voluntarily.
Retail sales decline 3.6% to end of August (Irish Times)
Retail Ireland reaction to August retail sales figures (IBEC)
Sales lack sizzle as shoppers stay away (Irish Independent)
Lower rate call to fill up shops (Belfast Telegraph)
Lack of new buildings ‘may be barrier to big investors’ (Belfast Telegraph)
Will Christmas come early for the book trade? (Irish Independent)
ISME demand Retail Strategy Group (Businessworld.ie)
Retail sector slumps as consumers stick to buying basics (Belfast Telegraph)
Factories making more effort to drive down their quotes (Irish Independent)
Rent review intervention stalls the market (Irish Times)
Petrol station motors on (Irish Times)
-Estate agents Kelly Walsh are seeking in excess of €1,250,000 for a rented petrol station in Blanchardstown, Dublin 15
€110m development site back on market at €12.5m (Irish Times)
Chutney chef looks for a supermarket sweep (Belfast Telegraph)
Suppliers ‘must not share pain’ (Belfast Telegraph)
Brands get behind quality mark to restore trust in online reviews (Businessandleadership.com)
Aldi Ireland announces new partnerships (Inside Ireland.ie)
New motorway site wins prestigious international award (Autotrade.ie)
Irish beef still big in Spain (Irish Independent)
Proposals for upward-only reviews (Sunday Business Post)
Organic is the way to grow! (Irish World)
Rental law reform to help retail but not the rest of us (Irish Times)
O’Casey caps it all in Eason’s celebrations (Irish Times)
Tesco expands stores nationwide (Irish Times)
Weak advertising hits Daily Mail group (Irish Times)
It’s a long way from yellow pack (Irish Times)
Lidl cheap wine promotion ‘irresponsible’, says Minister (Irish Times)
Chile goes up in the wine world (Irish Times)
Cameron threatens new law following ‘unacceptable’ rise in plastic bag use (Guardian)
Marks & Spencer faces big fine over asbestos work
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