Ireland
This coverage focuses on retail trends, developments, and performance in Ireland, with attention to both the Republic of Ireland and Northern Ireland. Reporting includes store activity, regional economic factors, consumer behaviour, property developments, and strategic moves by local and international retailers. Tailored for executives and managers, it offers insights into operating successfully in Ireland’s retail market.
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Sep- 2024 -17 SeptemberNews
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s interim results for the half-year ending June 30, 2024, which showed a 1.6% rise in adjusted EBITDA despite a 3.6% decline in year-on-year sales. THG Ingenuity saw a notable 12.6%…
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17 SeptemberNews
Cribbs Mall secures three new retailers
Cribbs Mall has secured lettings with three retailers who will take a combined 2,340 sq ft of space at the shopping centre. Sportswear manufacturer Castore, jewellers Austen and Blake, and make-up specialist Kiko Milano will occupy 573 sq ft, 967 sq ft, and 800 sq ft units respectively and help…
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17 SeptemberDIY
Kingfisher HY profits improve despite weak sales
B&Q owner Kingfisher has revealed that its statutory pre-tax profits rose 2.3% to £324m for the six months ended 31 July 2024, up from £317m in the same period last year. The performance comes despite the fact the company’s sales fell 1.8% to £6.8bn, down from £6.9bn. Like-for-like sales in…
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17 SeptemberHigh Street
Pret A Manger FY global sales hit £1.1bn for first time
Pret A Manger has reported a 10% increase in first-half sales to £569m, whilst also revealing that global sales hit £1.1bn for FY23 for the first time, following its expansion into overseas markets. Pret confirmed that it achieved its medium-term growth target during FY23, which was set in 2021. The…
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13 SeptemberNews
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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13 SeptemberPeople Moves
Boots UK appoints new MD
Boots has announced that Anthony Hemmerdinger has been appointed as managing director of Boots UK and Ireland, effective from 4 November 2024. His appointment, which followed a “thorough” search process, comes as Seb James plans to step down from the MD role after six years. Hemmerdinger is currently the Retail and…
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9 SeptemberSupermarkets
Aldi announces record £800m investment amid highest ever sales
Aldi has unveiled its largest ever annual investment plan, with a new £800m package that is set to further its expansion across the UK.The supermarket said it also plans to invest £1.4bn into the business over the next two years. It comes as the group welcomed its highest ever period…
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5 September
Today’s news in brief-5/9/24
Asos has sold a majority stake in Topshop and Topman to Heartland, a move valued at £135m. Heartland, owned by Bestseller, will acquire a 75% stake while Asos retains 25%. The deal includes rights for Asos to continue marketing the brands online under a new joint venture, aiming to streamline…
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5 SeptemberElectrical
Currys revenues up 5% amid strong Euros performance
Currys has seen its UK and Ireland revenues jump 5% like-for-like in the 17 weeks ended 24 August 2024. The electronics retailer has put this jump down to England’s run to the European Championship final and encouraging the early adoption of AI computing products. It has also seen strong growth…
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5 SeptemberClothing & Shoes
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the second half of the year, with total sales to be around 0.5% lower. This follows a like-for-like decline of 0.6% in the third quarter, which is projected to drop further…
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