PROSPECTS AND OPPORTUNITIES
Convenience retailers are expected to respond to price sensitivity by installing price promotions
The uncertain economic situation is expected to continue in the forecast period, with inflation and fluctuating consumer sentiment likely leading to more consumers trying to cut back on discretionary spending and prioritising essential expenditure. In this environment, convenience retailers will face increasing competition from discounters, who will continue to offer low-cost alternatives.
Musgrave is set to continue its expansion in Ireland while enhancing its offerings
Musgrave is expected to continue its ambitious focus on pursuing new commercial opportunities and acquisitions to grow its portfolio across its brands in the forecast period. The company will likely seek to strengthen its market position by expanding its reach across Ireland and enhancing its offerings.
Future strategies may include innovative store formats and engagement with the local community
Across the forecast period, convenience retailers are likely to explore new store formats, such as smaller, more agile store designs, to better adapt to changing consumer behaviours and preferences. These innovative formats will enable retailers to offer a more personalised shopping experience while keeping operational costs manageable, helping them remain competitive in the evolving retail landscape.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Ireland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Ireland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Ireland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Ireland?
- Which are the leading retailers in Convenience Retailers in Ireland?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Ireland - Category analysis
KEY DATA FINDINGS
While price points stabilise, many consumers remain cautious of their spending
Investments in energy efficiency and enhancing the consumer experience are key
Musgrave Retail Partners Ireland maintains its lead through popular store Centra
Convenience retailers are expected to respond to price sensitivity by installing price promotions
Musgrave is set to continue its expansion in Ireland while enhancing its offerings
Future strategies may include innovative store formats and engagement with the local community
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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