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SALES INSTITUTE 3 March 2010 ‘EMERGING STRONGER’. Who we are. ‘Partner to entrepreneurial food retailers and food service professionals’. 66%. How we operate. ‘Retailer at the centre of what we do’. 8% (€0.6bn). Where we operate. Shape of the business. Sales €4.8bn (+50% over 5 years)
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Who we are ‘Partner to entrepreneurial food retailers and food service professionals’
66% How we operate ‘Retailer at the centre of what we do’ 8% (€0.6bn)
Shape of the business Sales €4.8bn (+50% over 5 years) 3,200 neighbourhood and convenience stores 32,000 employed in Ireland Profit margin 1.3%
Our retail partners Being a good neighbour • Store owners • Local employer • Community active • Support local producers andsuppliers
Irish grocery market reshaped Market Stakeholder NI • Market of €14bn • UK land border • Stores per head • Price deflation • Sourcing • Consumer • Retailer • Supplier ROI
The rise of the Superconsumer • In control • More informed and considered • Shopping on their own terms • Empowered
Values still important VFM primary driver Most believe haven’t hit bottom yet Strong support for local Sustainability still an issue
Emerging stronger Delivering lower prices Adapting our brands Supporting our retailers Our approach
Our way of working Values • Working hard • Honesty • Achievement • Not being greedy • Long term stable relationships
Delivering lower prices South/North % Price Difference
Working with our international suppliers • Improved sourcing • Driving efficiency • Support for Irish
Supporting Local • 75% of everything sold produced or sourced in Ireland • 100% Irish for beef, lamb, poultry and pork worth €250m • 100% own brand dairy products, Irish worth €50m
Code of Practice • Industry must work together to restore trust • Code must address retailer and supplier issues • Particular target of SMEs
Adapting our brands Our Offers Count
Supporting our retail partners • Major employers • Tackling costs • Struggling with rents • No NAMA for retailers ‘Partner to entrepreneurial food retailers and food service professionals’
Our brands have outperformed 2009 Sales performance Irish outlook % consumer spend % growth
Emerging stronger ‘Companies that continue to invest in their brands in a recession emerge with a sustainable competitive advantage’