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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May- 2024 -22 MaySupermarkets
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes as Co-op has already hit its original greenhouse gas target early, ahead of its official 2025 goal. These new sustainability targets, which are aligned to the retailer’s credit facilities, aim…
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21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayDIY
B&Q owner holds guidance as UK&I outperforms European arms
Kingfisher has announced that it will be maintaining its profit guidance after Q1 sales at B&Q in the UK and Ireland offset its weaker performance at its groups in France and Poland. During the period to 30 April, sales rose 0.3% to £3.3bn. However, sales declined 0.9% on a like-for-like…
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16 MayHealth & Beauty
Superdrug to open 25 new stores
Superdrug has announced an investment into its bricks-and-mortar retail footprint, with plans to open 25 new stores in 2024, as it celebrates its 60th year on the British high street. The retailer said it is aiming to continue to “enhance the physical shopping experience for customers with increasing bigger and…
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14 MayNews
Today’s news in brief-14/5/24
Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…
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14 MayElectrical
Currys ups full-year PBT guidance
Currys has revealed that it expects its full-year profit before tax to be between £115m-£120m, an increase from its previous £105m guidance. This comes after what the company has called a “strong finish” to the year with UK and Ireland sales up 2% for the 16 weeks ended 27 April.…
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9 MaySupermarkets
CMA calls on grocers to prioritise accurate pricing
The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way in-store prices are displayed. The review, which looked at the price marking practices of 139 grocery stores, assessed whether prices were “clear, accurate and matched the price people were charged…
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3 MayNews
Today’s news in brief-3/5/24
Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included issuing significant high-yield bonds and extending its revolving credit facility to October 2028. The refinancing reflects Asda’s robust performance and investor confidence after Moody’s recent upgrade. The Works has completed…
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3 MayHigh Street
Mango to open 20 more UK stores by year’s end
Mango has announced it will continue its expansion and brand consolidation plan in the UK with more than 20 store openings by the end of 2024. This particular expansion will see the fashion retailer focus on its presence in London and Scotland, as well as setting up shops in Northern…
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Apr- 2024 -30 AprilPeople Moves
AIS names interim director of fashion, toys and sport
Associated Independent Stores (AIS) has announced the appointment of Devlin Lindeque as its interim director of fashion, toys and sports. He brings over 20 years of experience to the association, including Disney, Mothercare, and Merlin Entertainments, having led buying and design teams, as well as constructing and developing ranges across…
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