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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Jun- 2024 -27 JuneElectrical
Currys adjusted PBT rises 10%
Currys has revealed that its group adjusted profit-before-tax rose 10% year-on-year to £118m, for the year ended 27 April 2024. However, its like-for-like revenue in the UK and Ireland fell 2% and adjusted EBIT fell to £142m, a 16% drop YOY. Despite this, its adjusted EBIT was up over £2m…
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17 JuneNews
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
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17 JuneEconomy
Peak international spending returns to pre-pandemic levels, ONS finds
Spending by international visitors in August, the traditional UK high season, has largely recovered since the Covid-19 pandemic, according to the latest figures from the Office for National Statistics (ONS) and Visa. The ONS found that places in the UK with the highest concentration of seasonal spend by international tourists…
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14 JuneNews
Today’s news in brief-14/6/24
The British Retail Consortium (BRC) has expressed support for the Labour Party’s manifesto, which aims to bring significant changes to benefit retailers and their customers. The BRC particularly appreciates Labour’s recognition of the flawed business rates system that stifles investment and results in numerous vacant retail properties. However, retailers are…
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14 JuneSupermarkets
Tesco maintains guidance and grows market share as Q1 sales rise
Tesco has revealed that its market share has risen to 27.6% in the 13 weeks ended 25 May 2024, as the group welcomed strong volume growth and rising sales over the period. It comes as the supermarket’s sales in the UK and Ireland rose by 3.6% to £14.3bn over the…
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13 JuneNews
Poundland launches rewards app in 62 Scotland stores
Poundland has officially launched its Poundland Perks app for the first time in 62 stores in Scotland. Poundland Perks is Poundland’s pilot rewards app that has been on trial in 43 stores on the Isle of Wight and in Northern Ireland and now is available across Scotland. The retailer has…
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11 JuneClothing & Shoes
White Stuff to launch wholesale arm in the US
White Stuff will be officially launching in the US this summer as part of its international expansion plans to double the size of its wholesale business over the next four years. The fashion retailer’s entrance into the US will be through several wholesale partners in Illinois, Indiana, Michigan, Iowa, Wisconsin…
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11 JuneClothing & Shoes
Battersea Power Station appoints new CEO
Battersea Power Station Development Company (BPSDC), the Malaysian owned operator and developer of London’s iconic Battersea Power Station, has appointed Donagh (‘Don’) O’Sullivan, as CEO, commencing Tuesday 18 June 2024. As CEO, O’Sullivan will lead the continued development of the former industrial brownfield site following the restoration and public opening…
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May- 2024 -23 MayNews
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous year, despite a slight dip in total revenue by 0.8% to £1.6bn. Very UK, contributing 86% of the group’s sales, saw a revenue increase of 1% to £1.4bn. However, Littlewoods…
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23 MayNews
The Very Group losses narrow to £2.1m
The Very Group pre-tax losses narrowed to £2.1m in the 39-week period ended 30 March, down from a loss of £11.7m the prior year, despite sales dipping amid tough market conditions. Total revenue for the group slightly decreased by 0.8% to £1.6bn, yet Very UK revenue, which represents 86% of…
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