IRELAND: Shoppers focus on value as austerity measures hit
Irish shoppers are focusing on value as Austerity measures begin to take effect
Customers are shifting towards value products in Ireland as they continue to make cutbacks, according to the latest figures from Kantar Worldpanel.
In figures released today (14 February), growth in the Irish grocery market slowed to 1.7% in the 12 weeks ended 23 January, down from 2.3% in the previous quarter. Inflation remained ahead of the market's growth for the period as consumers traded down to cheaper products.
The research group said that a drop in household income, following budget cuts and new taxes taking effect in January, meant many customers have cut back again on their groceries after the festive season. Private label showed strong growth of 4.5% over the period, while branded goods remained flat at 0.4%.
Kantar Worldpanel commercial director David Berry said: "As fresh cuts squeeze shoppers' wallets this period, we've seen a mixed performance from the retailers. As you would expect in these austere times, the discounters have continued to prosper, with Aldi posting excellent sales growth.
Meanwhile, Kantar Worldpanel said that Tesco's strong private label offering meant that it recorded "respectable growth" and "outperformed the market for the 17th period in succession". The retailer's 5.9% growth lifted its share by 1.1 percentage points to 27.4%, widening its lead over Dunnes stores from 2.4points last year to a gap of 4.1 points this quarter.
In part three of the just-food management briefing on online food retail, Glynn Davis provides examples of some of the more notable ventures in the sector - from Tesco and Ocado in the UK to Migros Gr...
There were a series of deals this week, from Symington's move to buy two brands from Unilever and Valeo Foods Group's acquisition of fellow Irish food maker Jacob Fruitfield Food Group to the latest m...
Nestle has launched a range of rice pudding products under its Carnation brand in the UK....
Marks and Spencer has appointed Tesco executive Jonathan Sutton as technical manager for fresh produce, flowers and plants....
- Premier Foods CEO expects UK supermarket rebound
- Briefing: The risks and rewards of e-tail in China
- Unilever must "speed" response to consumer trends
- Why US diet guidelines should consider environment
- Global factors hold sway over UK milk prices
- Post Holdings strikes deal to acquire MOM Brands
- Food industry news of week: Unilever, PepsiCo
- Chobani launches Tots infant range
- Premier Foods hails "improving" sales trends
- PepsiCo rolls out "sweet" Cheetos
- 10 Key Trends in Food, Health and Nutrition 2015
- The Sugar Backlash and its Effects on Global Consumer Markets
- The Future of Retailing in the UK to 2017
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits
- Unilever - Strategy and SWOT Report