In an exciting new development, in September <strong>2006</strong> we opened Ireland’s first cash & carry outlet dedicated to the supply of fresh food and catering equipment 18 to the food service industry, in Ballymun, North Dublin Musgrave Group Plc <strong>Annual</strong> Report & Review <strong>2006</strong>
Review of <strong>2006</strong> Our innovative Market Street concept, a <strong>com</strong>pelling environment where caterers and other food professionals can source a wide range of fresh food produce at our dedicated cash & carry outlet in Ballymun, North Dublin. cash & carry – foodservice new markets, new services We pioneered cash & carry in Ireland, opening our first outlet in 1961. Musgrave Cash & Carry and Foodservices brands now provide delivered retail and foodservices as well as cash & carry services to more than 34,000 customers from 11 depots, with a turnover exceeding €500 million. We have continued to invest heavily in our brands and support services, with notable initiatives <strong>com</strong>pleted in the areas of range development, tactical marketing, in‐store point-of-sale and logistics efficiency improvements. Substantial reductions in retail operating costs were also realised for our retail partners, through the effective leveraging of our Group scale, notably on utilities, insurance, bank charges and payroll management. Our retail offering continues to find favour with the Northern Ireland consumer, with like-for-like sales increases of more than seven per cent achieved in both our SuperValu <strong>com</strong>pact and Centra formats in <strong>2006</strong>, and with total retail sales of £323 million, representing an increase of 8.4 per cent on the previous year. ‡ The demands of our cash & carry customers are changing and we continue to evolve the business to meet these demands, address new markets and maintain Musgrave’s position as the leader in this space. This is why our foodservices business was created in 2001 to service pubs, hotels, restaurants and the contract catering sector in Ireland. We now provide a one-stop service that can offer frozen, chilled & ambient and non-food requirements in a single delivery, giving us a market leading role in this €3.5 billion a year industry. Designed by catering professionals for catering professionals, this service provides a <strong>com</strong>plete supply solution, with a nationwide network of facilities in all major centres including Dublin, Cork, Limerick, Waterford, Derry and Belfast. We are now the first <strong>com</strong>pany offering a full multi-temperature range of products for the professional caterer across the 32 counties. In an exciting new development, in September <strong>2006</strong> we opened Ireland’s first cash & carry outlet dedicated to the supply of fresh food and catering equipment in Ballymun, North Dublin. This is the first of a planned chain of cash & carry outlets focusing on the foodservice sector and further evidence of our <strong>com</strong>mitment to this vibrant and rapidly expanding sector. Our DayToday and Daybreak delivered retail networks offer a range of options for retailers and consumers, ensuring continued <strong>com</strong>petition and vibrancy in the Irish retail sector. There are currently 172 DayToday stores in the island of Ireland, with more than 3,000 people employed across the network and current annual sales amounting to €264 million. The newest addition to our family of Irish retail brands, Daybreak, recruited close to 100 retailers within 12 months of operation. 19 Musgrave Group Plc <strong>Annual</strong> Report & Review <strong>2006</strong>
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