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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Mar- 2024 -21 MarchDIY
Kingfisher mulls bid for Homebase stores in Ireland
Kingfisher, the owner of B&Q, is reportedly mulling a bid for Homebase’s stores in the Republic of Ireland, following reports the wider Homebase business is up for sale. According to The Times, the move would see the end of Homebase stores in the country, as Kingfisher would most likely rebrand…
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19 MarchDIY
Ikea introduces new round of price cuts ahead of Easter
Ikea has announced its next wave of price cuts on hundreds of its most popular items ahead of the Easter holidays, to provide customers with a more affordable life at home. The group is passing on £125m in savings as cost pressures ease out. As a result, 400 items are…
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14 MarchNews
Today’s news in brief-14/3/24
John Lewis announced a pre-tax profit of £42m, a significant turnaround from the previous year’s loss of £78m. Despite this, the company will not pay staff bonuses for the third time in four years, citing a focus on base salary over bonuses. Sales rose by 1%, reaching £12.4bn, with Waitrose…
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14 MarchHigh Street
Poundland to start TV ad campaign to showcase new ranges
Poundland has confirmed it will start advertising its all-new clothing, homewares and grocery ranges on UK and Ireland TV for the first time. The TV slots which will debut tomorrow (15 March) and run until mid-April will highlight the value Poundland is now able to bring shoppers, having completely revamped…
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Feb- 2024 -22 FebruaryNews
Today’s news in brief-22/2/24
Taxpayers are expected to cover millions in redundancy payments for laid-off staff at The Body Shop as the company undergoes restructuring. The company’s administrators plan to close nearly half of its stores, affecting over 2,200 employees. Only staff with over two years of tenure qualify for redundancy pay, with payments…
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22 FebruaryOnline & Digital
Secret Sales FY23 sales rise 85% amid European expansion
Secret Sales has achieved an 85% rise in sales during 2023, as it continued its strategic expansion, and brand and retailer partnerships. During 2023, the retailer accelerated its European growth by entering Spain and Ireland, as well as extending its global reach to five regions and adding 250 new brands…
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15 FebruaryNews
Today’s news in brief-15/2/24
The UK has entered a technical recession as its GDP contracted by 0.3% in the final quarter of 2023. This marks the first recession since the onset of the Covid-19 pandemic. The decline in GDP was larger than expected, with key sectors like manufacturing, construction, and wholesale experiencing significant downturns.…
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15 FebruaryHigh Street
Poundland to refurb 150 stores
Poundland has announced that it is set to commence refurbishments on 150 stores set to be completed by August this year. The ‘Project Evo’ transformations will see each of the stores get a top-to-bottom refresh to bring them up to date. The refresh will be the first significant investment in…
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13 FebruaryNews
Aldi to invest £550m in store and distribution network
Aldi will invest more than £550m in expanding and further improving its store and distribution network during 2024. This includes plans to open stores in new locations up and down the country, as well as upgrading its existing stores and distribution centres to support growth. New stores set to open…
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6 FebruaryClothing & Shoes
Hobbs to open relocated stores after closure programme
Women’s clothing brand Hobbs is set to launch new stores in more favourable locations despite a string of closures, according to the Times. The group, which closed its London’s Bloomsbury, Victoria and Islington stores in recent weeks, will open in seven new locations confirmed for this year, including in Canary…
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