Ireland's grocers battle it out
The boom times are over for the Celtic Tiger with the recession hitting Ireland's retail sector. With consumers trading down, the country's food retailers increasingly see price as a key weapon to maintain market share...
Musgrave Group, the Ireland-based firm behind the Budgens and Londis chains in the UK, saw pre-tax profits slump by 20% last year, as the company invested in price cuts amid the downturn.
German discount supermarket chain Aldi is to create over 1,000 jobs in Ireland over the next few years boosted by the construction of a new distribution centre and office facility.
German discount supermarket chain Lidl has announced permanent grocery price cuts across its Ireland stores.
Tesco reopened 11 of its stores in the Republic of Ireland and slashed prices by as much as 25% yesterday (5 May) in response to the challenge of cross border shopping in Northern Ireland.