Top stories in the papers this week 6 – 12 August 2011
IFA: Equitable distribution of profit must be enshrined in retail code; Cavan Chamber agrees to object to Tesco plans; Jim Barry introduces new 'business olympics'
Print11 August 2011
1. IFA: Equitable distribution of profit must be enshrined in retail code
Equitable distribution of profit must be enshrined in the imminent retail code of practice, according to IFA president John Bryan. The Irish Examiner reports he wants the new code – scheduled to be implemented by 2 September – to include the retention of title for food suppliers and the outlawing of below-cost selling. The IFA is also insisting that the credit terms retailers impose on suppliers should be cut to 21 days.
2. Cavan Chamber agrees to object to Tesco plans
Around 40 of Cavan Chamber’s 115 members met for an emergency general meeting earlier this week and unanimously agreed to formally lodge an objection with Cavan County Council to the application for a new Tesco Store on the edge of the town. Local newspaper, The Anglo Celt, reports that although Tesco claims the new outlet will create an additional 100 jobs, Cavan’s retailers believe many more could be lost.
3. Top boss Jim is the brainchild behind new ‘business olympics’
Barry Group MD, Jim Barry, has created the inaugural Irish Business Teamwork Awards, which are set to take place on 30 August at Maynooth’s Carlton House. The Corkman reports the event will see teams from 100 Irish companies go ahead to head in a series of physical and mental challenges designed to test their teamwork ethos. All proceeds will be donated to the Irish Grocer’s Benevolent Fund (IGBF).
Registration forms and further information can be downloaded at www.barrygroup.ie.
4. Musgrave takeover affords opportunity to reinvent or kill Superquinn brand
Siobhán O’Connell debates the merits for Musgrave’s of either retaining or discarding the Superquinn name in The Irish Times. A number of advertising agencies give their views. Orlaith Blaney of McCann Erickson, believes “SuperValu plus some of the things Superquinn is great at could create a very powerful brand story.” Meanwhile Rothco’s Damian Hanley believes “It’s insane for Superquinn to be competing on price.”
5. The State’s great €129m rent drain
Retailers are among the builders, banks and Nama-hit developers, who claimed €129.3m in rent from the State last year, according to the latest figures from the Office of Public Works. The Sunday Independent highlights how Dunnes Stores boss Margaret Heffernan, alongside Superquinn directors David Courtney, Terry Sweeney, and Jerry O’Reilly, all receive substantial amounts by renting properties to the State.
Also:
Shoppers taking free bags in Dunnes told to pack it in (Irish Independent)
Consumers a little gloomier about outlook last month (Irish Independent)
Greencore back at the takeover table (Sunday Business Post)
Business owners say minimum wage reversal was a mistake (Irish Independent)
Inspectors close three food outlets (Irish Times)
Diesel laundering and cigarette smuggling rise robs Revenue of €500m (Irish Independent)
Tesco requests retail zones (Gorey Guardian)
Love2shop voucher launches with 20 retailers on board (Bizstartup.ie)
Demand slump for Premier Foods (Businessworld.ie)
Irish LED company signs multimillion-euro UK deal (Irish Times)
Co Antrim company wins Ocean Spray contract (Inside Ireland.ie)
London shops close early amid ‘bad vibe’ (Irish Examiner)
Reputation of UK plc may be going up in smoke (Irish Times)
Residents and retailers slam police (Belfast Telegraph)
Retailers enjoy 0.6% sales rise (Belfast Telegraph)
Selling Christmas goods in August is just crackers (Belfast Telegraph)
Fuel prices cut as oil cost falls (Belfast Telegraph)
Jacobs Fruitfield to be bought by Valeo Foods (Bizstartup.ie)
Small business advice programme helps almost 250 firms (Evening Echo)
Business activity decline continues (Irish Independent)
It’s a deal for Mallow’s ‘Fiver Friday’ (Corkman)
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