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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Jan- 2024 -15 JanuaryNews
Harvey Norman to open flagship at Merry Hill
Lifestyle, technology, and entertainment retailer Harvey Norman has recently signed a lease for a flagship store at Merry Hill. The new location will offer the retailer’s selection of luxury furniture, including sofas, dining sets, as well as outdoor furniture. A range of homeware products will also be on offer, including…
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11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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11 JanuarySupermarkets
Tesco ups guidance as sales jump 6.9%
Tesco has announced that its sales increased 6.9% for the 19 weeks ended 6 January 2024 after stronger than expected volume growth in the period. As a result the company now expects a retail adjusted operating profit of around £2.75bn, above its previous guidance range of £2.6bn to £2.7bn The…
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10 JanuaryNews
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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10 JanuarySupermarkets
Sainsbury’s Q3 sales jump 6.5% amid Christmas boost
Sainsbury’s has revealed that its retail sales jumped 6.5% for the 16 weeks ended 6 January 2024. As a result of this the company has reiterated its expectations of an underlying full-year profit of between £670m and £700m. Alongside this, the company’s grocery sales were up 9.3% while its Christmas…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuaryNews
Tesco and The Entertainer announce extended partnership
Tesco and The Entertainer have recently announced they are extending their partnership to cover the entire Tesco UK business, and the Republic of Ireland from March 2024. Tesco customers will be able to shop The Entertainer’s range of brands such as Barbie, Nerf, LOL and Paw Patrol, as well as…
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5 JanuaryEconomy
Northern Ireland records investment volumes of £338m, CBRE finds
Northern Ireland’s commercial investment sector held steady in 2023 despite economic challenges, recording total investment volumes of £338m, CBRE NI has revealed. Investment sales were accumulated across 31 transactions, exceeding 2022’s tally of £330m and marking the investment sector’s strongest performance since 2015. The standout transactions of the year included…
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5 JanuarySupermarkets
Asda and Usdaw sign collective bargaining agreement
Asda and Usdaw have signed a collective bargaining agreement that will see the union represent hourly-paid employees in the convenience stores and Leon restaurants that Asda acquired from EG Group. Following the agreement, Usdaw will negotiate on pay, hours and holidays annually for those employed in 356 convenience stores and…
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4 JanuaryNews
Mamas & Papas sales rise 17%
High street nursery brand Mamas and Papas has reported sales rose by 17% in the 13 weeks to 31 December. The retailer said a record Black Friday performance, which saw year on year sales increase 18% over the three-week period, provided “significant trading momentum heading into the crucial Christmas period”,…
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