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Tuesday, April 12, 2011
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NEWS RELEASE ISSUED BY McGOVERN PR DUBLIN
NEW IRISH ONLINE PORTAL TO TAP INTO THE LUCRATIVE US ONLINE RETAIL MARKET WORTH $176.2 BILLION FEATURING OVER 2,000 IRISH PRODUCTS
24th March 2011– A new online shopping initiative to market and promote Irish retail brands at home and in the US which recently launched in Ireland is looking for more Irish businesses to join them. In an ambitious initiative to drive the sale of Irish products to the UK and US, I Support Irish (www.isupportirish.ie) expects to sell over 2,000 Irish products covering a wide range of goods including handcrafts, art, books, cookery, foods, jewellery and fashion sectors.
The company will target shoppers online in Ireland first. According to founder and CEO Alan Kavanagh “If you consider that €2.13 billion was spent on online purchases in Ireland alone last year and with over 70% claiming to now shop online we are launching in Ireland first. With the dramatic drop in retail in Ireland as a result of the recession then the only platform for struggling retailers is online. We provide that solution.
From June 2011 I Support Irish will target the lucrative US market where online retail sales grew 12.6% in 2010 to reach $176.2 billion. With an expected 10% compound annual growth rate (CAGR) from 2010 to 2015, US eCommerce is expected to reach $278.9 billion in 2015* (Forrester)
Kavanagh says that he will target the Irish American Diaspora of 45 million plus those who seek out Irish goods such as designer wear, hurleys, crafts, foods and jewellery. It’s good news for Irish brands who don’t have a web presence and who need to take advantage of an e-commerce environment through our portal” he said.
Retail partners featured on the site include the renowned artist Graham Knuttel, Jim Fitzpatrick, Irish designer Jennifer Rothwell, Crystal & Co Jewellery, Cookery expert Clodagh McKenna, antique fireplace producer Belle Cheminee, Mercier Press the publishers, Rockstar Tan, kiddies clothes producer McCul Clothing, Handcraft Hurleys, Smoked Salmon producer Burren Smokehouse, Bog Buddies, Retro GAA vintage jersey producers and cosmetics producer Ri na Mara.
There is no charge for featured brands listed on the site. Instead partner brands are charged a 10% commission which includes the costs of online payment charges.
Kavanagh continued “This is really an online department store set to capitalise on the surge in the growth of the online retail sector at a time when the traditional retail model is steadily declining in Ireland. Ireland is being used as a test market. The company is currently searching for a further 200 companies including those seeking export opportunities. Plans are also underway to tap into the UK, China and Russian markets.
He says “because the Irish retail sector has been excluded from Government backed enterprise initiatives many have been slow to embrace e-commerce to drive their businesses forward. I Support Irish plugs this gap”
ENDS
Contact Mary McGovern, McGovern PR Tel 01 8168001 or Alan Kavanagh
087 1474 715 email alan@isupportirish.ie
NEW IRISH ONLINE PORTAL TO TAP INTO THE LUCRATIVE US ONLINE RETAIL MARKET WORTH $176.2 BILLION FEATURING OVER 2,000 IRISH PRODUCTS
24th March 2011– A new online shopping initiative to market and promote Irish retail brands at home and in the US which recently launched in Ireland is looking for more Irish businesses to join them. In an ambitious initiative to drive the sale of Irish products to the UK and US, I Support Irish (www.isupportirish.ie) expects to sell over 2,000 Irish products covering a wide range of goods including handcrafts, art, books, cookery, foods, jewellery and fashion sectors.
The company will target shoppers online in Ireland first. According to founder and CEO Alan Kavanagh “If you consider that €2.13 billion was spent on online purchases in Ireland alone last year and with over 70% claiming to now shop online we are launching in Ireland first. With the dramatic drop in retail in Ireland as a result of the recession then the only platform for struggling retailers is online. We provide that solution.
From June 2011 I Support Irish will target the lucrative US market where online retail sales grew 12.6% in 2010 to reach $176.2 billion. With an expected 10% compound annual growth rate (CAGR) from 2010 to 2015, US eCommerce is expected to reach $278.9 billion in 2015* (Forrester)
Kavanagh says that he will target the Irish American Diaspora of 45 million plus those who seek out Irish goods such as designer wear, hurleys, crafts, foods and jewellery. It’s good news for Irish brands who don’t have a web presence and who need to take advantage of an e-commerce environment through our portal” he said.
Retail partners featured on the site include the renowned artist Graham Knuttel, Jim Fitzpatrick, Irish designer Jennifer Rothwell, Crystal & Co Jewellery, Cookery expert Clodagh McKenna, antique fireplace producer Belle Cheminee, Mercier Press the publishers, Rockstar Tan, kiddies clothes producer McCul Clothing, Handcraft Hurleys, Smoked Salmon producer Burren Smokehouse, Bog Buddies, Retro GAA vintage jersey producers and cosmetics producer Ri na Mara.
There is no charge for featured brands listed on the site. Instead partner brands are charged a 10% commission which includes the costs of online payment charges.
Kavanagh continued “This is really an online department store set to capitalise on the surge in the growth of the online retail sector at a time when the traditional retail model is steadily declining in Ireland. Ireland is being used as a test market. The company is currently searching for a further 200 companies including those seeking export opportunities. Plans are also underway to tap into the UK, China and Russian markets.
He says “because the Irish retail sector has been excluded from Government backed enterprise initiatives many have been slow to embrace e-commerce to drive their businesses forward. I Support Irish plugs this gap”
ENDS
Contact Mary McGovern, McGovern PR Tel 01 8168001 or Alan Kavanagh
087 1474 715 email alan@isupportirish.ie
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