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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Feb- 2024 -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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1 FebruaryDIY
Ikea UK turnover hits £2.5bn as profits double in FY23
Ikea UK has seen turnover hit £2.46bn in FY23, with total sales up by 11.9%, as operating profits almost doubled from £49.6m to £111.2m. Trade was particularly boosted by click and collect purchases, which soared by 48% over the period. In addition, there were one million new visits to IKEA…
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Jan- 2024 -31 JanuaryHealth & Beauty
The Body Shop to offload part of international businesses
The Body Shop is set to sell parts of its business in Europe and Asia under its new owners Aurelius, according to reports from Retail Week. The beauty retailer has signed an agreement with “an international family office to sell its business in most of mainland Europe and in parts…
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30 JanuaryNews
Today’s news in brief- 30/1/24
Online marketplace Secret Sales has appointed Anthony Farrow as its new Chief Technology Officer. Farrow, with 23 years of experience working with global fashion brands, will focus on advancing AI and emerging technologies to enhance the platform’s efficiency. His role involves implementing serverless architecture, refining search capabilities, and integrating AI-driven…
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30 JanuaryNews
Poundland begins transition to new general merchandise ranges
Poundland has confirmed that it has begun a “complete overhaul” of its general merchandise ranges that will see it introduce 2,000 new lines across all its 850-plus stores in the UK and Ireland. The new ranges, powered by parent company Pepco Group, will be the single biggest change in its…
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26 JanuaryNews
Today’s news in brief-26/1/24
Superdry reported a challenging trading environment with half-year revenues down 23.5% to £219.8m. The wholesale division faced a significant decline of 41.1%, while the retail segment, though more resilient, was down 13.1%. Store revenue in the UK and Republic of Ireland saw a 10.2% decline due to unseasonal weather impacting…
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