Annual report & review 2006 - Shopic.com

Review of 2006
Our innovative Market Street concept, a compelling
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 completed 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 compact and Centra formats in 2006, and
with total retail sales of £323 million, representing an
increase of 8.4 per cent on the previous year.
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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 complete
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 company offering a full multi-temperature
range of products for the professional caterer across
the 32 counties.
In an exciting new development, in September
2006 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 commitment 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 competition 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.
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Musgrave Group Plc Annual Report & Review 2006