Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Northern Ireland suffers most from UK retail struggles

Northern Ireland suffers most from UK retail struggles

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Northern Ireland is suffering the worst of retail’s bad weather, showing a 7.3% drop in footfall and a retail space vacancy rate of 14.2%, 5% higher than the UK average.

The figures from statistics and research firm, Springboard, show the country reporting its worst retail performance since 2015.

The decline of Carpetright and House of Fraser is also set to hit Northern Ireland hard, with nine of the carpet retailer’s stores and House of Fraser’s Victoria Square branch all set to close.

High streets and retail parks in the country saw declines of 8%, while shopping centre visits were down by 5.6%.

Aodhan Connolly, director at the NI Retail Consortium said: “It’s getting more challenging in Northern Ireland than anywhere else in the UK. Northern Ireland has finished bottom of the league table once again with a decrease in shopper footfall last month of 7%, the poorest performance in two and a half years.

“However, some of this drop can be attributed to inclement weather and the timing of the Easter holidays, as well as the continued shift to online shopping. We have always had a more volatile market here, so that when we have drops, they are much more tangible than elsewhere in the UK – though when we have rises, they are sharper.

“We’re on a steady trajectory downwards but it’s still taking too long, and there’s still a 5% gap between our vacancy rate and the UK average.”

Northern Ireland recently saw closures of eight Toys R Us and Maplin stores.

Previous Post
Wet start to April dampens retail footfall

Wet start to April dampens retail footfall

Next Post
Consumer Spending

Retail consumer spending sees sharpest drop since 2012