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 -2 JanuarySupermarkets
Aldi and Lidl see record-breaking Christmas
Discount supermarkets Aldi and Lidl have both experienced record-breaking Christmas periods. Aldi posted sales over £1.5bn in the four weeks to 24 December, an 8% increase year-on-year, while Lidl sales jumped 12% year-on-year. Aldi reported that Friday 22 December was its busiest trading day with over 2.5 million customers visiting…
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Dec- 2023 -19 DecemberNews
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction involves a bridge loan to Farfetch and negotiations with a group of debtholders holding a significant portion of Farfetch’s term loan. The London-based luxury retailer is expected to undergo acquisition…
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19 DecemberNews
Asda opens 81 Express stores ahead of Christmas
Asda has opened a record 81 new Asda Express stores in December in a bid to bring Asda value to even more communities ahead of Christmas. The conversions of its recent acquisition of Co-op and EG UK sites, alongside the opening of eight standalone Asda Express stores, brings the total…
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14 DecemberNews
Today’s news in brief-14/12/23
Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding as it faces financial challenges. Farfetch, once valued at $23bn (£18bn) in 2018, now has a market value of $221m (£175m). While discussions with Apollo are ongoing, it is uncertain whether the funding will be provided as…
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14 DecemberElectrical
Currys maintains FY guidance despite half-year loss
Currys has maintained its full-year guidance despite reporting a pre-tax loss of £16m in its half-year results, which was in line with the £17m loss in the same period last year. In the half year ended 28 October 2023, group like-for-like revenues dropped by 4%, while currency neutral revenue dropped…
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13 DecemberNews
Rituals becomes latest retailer to join Victoria Square
Rituals has become the latest retailer to join Victoria Square as the retail and leisure destination in Northern Ireland completes over 10 leases from international and national brands in the past 12 months. Located on the lower ground floor next to Ted Baker, Rituals new 3,530 sq ft store will…
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6 DecemberNews
Poundland completes 87 new store opening in 70 days
Next Saturday (9 December) Poundland will complete the opening of 87 new stores in just 70 days as new stores open their doors in 10 locations. Poundland’s biggest-ever single quarterly opening programme has added around 1m square feet of new space as it opened and relocated stores into bigger premises. …
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1 DecemberNews
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 DecemberHigh Street
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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Nov- 2023 -30 NovemberNews
Today’s news in brief-30/11/23
Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
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