Lidl to introduce living wage of €11.50 an hour

Discount grocery retailer Lidl have become the first big employer to commit to a ‘living wage’ for all staff. Lidl operate 143 stores across the country and the introduction will benefit 20% of their entire Irish workforce. 700 staff currently earn below this rate, with the remaining 80% earning above this per hour.

The measure will be introduced from November 1st and is a 30% increase of the Irish minimum wage that is currently set at €8.65. A similar commitment will be introduced for Lidl Northern Ireland staff that will be calculated using the sterling benchmark.

Lidl already pay above average for all of its staff, with entry level wage starting at €10.50 an hour, generally paid to store assistants and warehouse operatives. The new living wage will also rise to €13 per hour incrementally within two years.

Lidl Ireland did not announce the overall cost to the company of introducing a living wage to all staff. However, a similar move that was announced across Britain last month was approximated to cost £9 million.

The Living Wage is an independently assessed and measured rate of income considered necessary to have a socially acceptable standard of living. It is defined as the minimum pay workers need to meet their needs for housing, utilises, transport, healthcare, clothing and food.

Source: http://www.irishtimes.com/business/retail-and-services/lidl-to-pay-irish-staff-living-wage-of-11-50-an-hour-1.2383702

O’Connell Street to ban adult shops and arcades in new council criteria

Dublin City County are to publish a new plan for Dublin’s O’Connell Street. The stipulations will govern all future retail units and developments that reside along the 1,650 ft. avenue. Notable retailers which already operate here include Eason and until recently Clery’s Department Store.

The draft planning will also include areas like Henry Street, North Earl Street, Middle Abbey Street and D’Olier Street. The new implementation is put in place to promote appropriate commercial activity but also to maintain the areas character and architecture. Planning powers will be enstalled that means existing shops of ‘special significance’ will take precedence over those deemed ‘less appropriate’.

Permission for retail units classed as amusement shops, bookmakers, fast food outlets, mobile phone shops, or adult entertainment will be rejected. The scheme doesn’t however give council the authority to close such shops already in existence, rather stopping further outlets from opening.

The scheme will be available for public consultation and submissions for eight weeks. The final plan must be approved by city councillors before it comes into force.

Source: http://www.irishtimes.com/news/environment/o-connell-st-plan-to-ban-new-adult-shops-chippers-arcades-1.2381316

Image: Independent.ie

 

The Top 10 Worldwide brands revealed

Unsurprisingly, Apple have retained their number one positioning as the world’s most valuable brand. Brand management firm Interbrand, carried out the analysis to ascertain the best global brands and their respected value.

Technology brands made up a considerable chunk of the 100 listings. Facebook was the biggest mover improving the brand value by 54% but residing outside of the top 10, in 23rd place.

The ranking merits brands based on an amalgamation of financial performance, customer influence and their propensity to deliver a premium price and secure profit.

The Top 10 List.

  1. Amazon
  • Brand value: $37.9 billion (€33.9bn)
  • Percentage change from last year: +29%
  • Last year’s rank: 15
  1. McDonalds
  • Brand value: $39.8 billion (€35.6bn)
  • Percentage change from last year: -6%
  • Last year’s rank: 9
  1. GE
  • Brand value: $42.3 billion (€37.8bn)
  • Percentage change from last year: -7%
  • Last year’s rank: 6
  1. Samsung
  • Brand value: $45.3 billion (€40.52bn)
  • Percentage change from last year: 0%
  • Last year’s rank: 7
  1. Toyota
  • Brand value: $49 billion (€43.83bn)
  • Percentage change from last year: +16%
  • Last year’s rank: 8
  1. IBM
  • Brand value: $65.1 billion (€58.23bn)
  • Percentage change from last year: -10%
  • Last year’s rank: 4
  1. Microsoft
  • Brand value: $67.7 billion (€60.55bn)
  • Percentage change from last year: +11%
  • Last year’s rank: 5
  1. Coca Cola
  • Brand value: $78.4 billion (€70.12bn)
  • Percentage change from last year: -4%
  • Last year’s rank: 3
  1. Google
  • Brand value: $120.3 billion (€107.6bn)
  • Percentage change from last year: +12%
  • Last year’s rank: 2
  1. Apple
  • Brand value: $170.3 billion (€152.32bn)
  • Percentage change from last year: +43%
  • Last year’s rank: 1

Article Source.

NAMA consider two International bids for Dundrum Town Centre

Project Jewel, suitable named, is a portfolio of loans that include the most prized Retail assets in Ireland. Dundrum Town Centre, Pavilons Swords and the Ilac Shopping Centre are amongst the loans. Over the past week, The National Asset Management Agency has weighed up bids from two groups of International investors.

Both investors are waiting to hear from NAMA who the preferred bidder for the portfolio is. Project Jewel is expected to trade for approx. €1.6 million. The new owner will likely work with Joe O’Reilly and his company Chartered Land to manage and develop the assets.

The portfolio sale also includes 50 per cent stakes in both the Ilac and Pavilions shopping centres in Dublin, as well as a substantial site between O’Connell Street and Moore Street.

Source: http://www.irishtimes.com/business/commercial-property/nama-considers-two-international-bids-for-dundrum-centre-1.2367232

Aldi to launch music streaming service to rival Spotify

Discount Grocery Retailer Aldi will launch a music streaming service on the German market. Collaborating with Napster, ‘Aldi Life Musik’ will have unlimited access to Napsters extensive music library for €7.99 a month.

The new music service which launches today (September 24th) is a paid only service, with no free option. The service is the first of its kind on the German market and features 34 million songs, ready to go playlists, radio stations and audiobooks. Music streaming revenue in Germany rose by 87% for in the first half of this year, versus last year.

New Cinema and 65 new jobs for Dublin

An Odeon Cinema is set to open in North Dublin next month. Plans for the cinema had been in the pipeline for approx. 3 years. Opening on October 18th, the cinema is located in Charlestown just off the m50 and residing close to Finglas. It will create 65 new jobs and bring the total number of staff employed by the Odeon group to 440 across 11 outlets.

The 9 screen cinema will also house an iScene facility to view picture perfect high definition films on a huge screen. Douglas Breenan who is brand Manager of Odeon Ireland commented “We’re very excited to be a new part of the Finglas community, and are delighted to have 65 new colleagues joining our team.

Source: http://www.thejournal.ie/cinema-dublin-creating-65-jobs-2336396-Sep2015/?utm_source=twitter_self

Greggs is coming to Ireland

A powerhouse throughout the UK, Greggs have announced they will open their first Irish store in The Republic. Most known for their expansive fresh offerings of pastries, sandwiches, sausage rolls, breads and snacks, Greggs will open in a Dublin Applegreen Service Station.

Greggs have more stores in the UK than fast food giant McDonalds, typifying its popularity amongst British consumers. Recently a Greggs opened on the M2 at a service station close to Belfast.

Source: http://www.thejournal.ie/greggs-ireland-new-menu-pastries-2333397-Sep2015/

Lloyds pharmacy’s to buy McCauley Chemists

Llyoyds pharmacy, which formerly operated as Doc Morris looks set to buy out the McCauley Chemist group across Ireland. A report by the Sunday Times suggests, Lloyds pharmacy will looks to strengthen their Irish operations by buying 28 stores that McCauley operate nationwide.

Again, according to reports, the takeover is believed to be worth around €40 – €50 million and are in an advanced stage of talks. Lloyds currently have 93 stores across the country and are already the largest pharmacy group in Ireland.

Source: http://www.thejournal.ie/lloyds-mccauleys-2329159-Sep2015/

Primark in the USA | 1 Day to go

Primark is one of our favourite Retailers in Excel Recruitment. As well as recruiting for them, we adore the fashion and value for money concepts that spreads through a range of divisions. Their leap towards beauty, with salons in selected stores saw them establish themselves as one of the most innovative and progressive retailers. Their opening in Boston on September 10th will see them make retail history. We trawled through Instagram with the #PrimarkUSA hashtag to bring you the most exciting photos as they prepare to launch. Best of luck from everyone in Excel Recruitment.

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All images found under the #primarkusa hashtag with a total of 368 images.

Instagram Sources: @primark, @lj.preston, @birdy.fashion, @jaynebibby, @its_justme_j, @diwali2512, @wendug,

Musgrave get the clear for €57 million deal to sell UK division

Irish Retail giant Musgrave have received regulatory clearance to sell its UK operations. It is believed that the deal will be worth around €57 million and will be sold to a rival UK wholesale giant Booker. Musgraves, which is based in Cork operate the Budgens and Londis brands and have close to 1800 across the UK.

Booker is the UK’s biggest cash and carry operator and the deal have been cleared by the Competitions and Market Authority. It will be sold on a cash free and debt free basis. The acquisition is set to be complete in and around September 14th.

Musgrave currently own and operate the Supervalu brand in Ireland. In a statement, Musgraves said ‘’ “Musgrave Group today noted the decision of the UK Competition and Markets Authority to approve the sale of Musgrave GB to Booker Group PLC. Musgrave Group will now move to complete the transaction with Booker.”

Booker commented “We are pleased that the acquisition of Londis and Budgens has been cleared by the CMA. This will help strengthen our support for independent retailers throughout Great Britain.”

Source: http://www.independent.ie/business/supervalu-owner-musgrave-gets-green-light-for-57m-deal-to-sell-uk-division-31498934.html