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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Dec- 2023 -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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30 NovemberNews
EG Group EBITDA falls to $345m in Q3 following Asda acquisition
EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m) in Q3 2023. The group attributed the decline to the impact of lower fuel volumes and a competitive environment in the quarter, as well as comparisons with the exceptional fuel…
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22 NovemberDIY
Kingfisher lowers profit guidance amid slight sales drop
Kingfisher has lowered its profit guidance for the year after it saw its sales slip 2.1% to £3.2bn for the three months ended 31 October 2023. The company’s sales fell 2.7% on a constant currency basis and it now expects its full-year profit before tax to end around £560m down…
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21 NovemberNews
Businesses call to freeze Northern Ireland rate
A diverse range of business organisations have united to call on the leaders of the local political parties to support their call for the regional rate in Northern Ireland to be frozen. The director of the Northern Ireland Retail Consortium, Neil Johnston led the appeal and has been supported by…
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20 NovemberDIY
Van firm eyes Halfords for £1.3bn merger
Halfords has reportedly been approached by van hire firm Redde Northgate about a possible £1.3bn merger deal, according to The Sunday Times. The outlet revealed that the two firms have had discussions, with sources claiming Redde Northgate proposed a nil-premium merger. However, it is thought that Halfords have currently stepped…
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8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
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