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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Jul- 2022 -25 JulySupermarkets
Aldi to give workers second pay increase this year
Aldi has announced that around 26,000 store employees are to receive a second pay increase this year. This move is said to maintain the retailer’s position as the UK’s “best-paying supermarket”. From September, all hourly paid workers within its stores will receive an increase of 40p an hour on their…
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22 JulySupermarkets
M&S acquires logistics provider Gist for £145m
Marks and Spencer Group plc has announced the acquisition of Gist Limited, the principal contract logistics provider to M&S Food, from Storeshield Limited, a subsidiary of The BOC Group Limited. Under the transaction, M&S has acquired the entire share capital of Gist for an initial consideration of £145m in cash.…
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21 JulyNews
Frasers Group swings to profit but warns of economic headwinds
Frasers Group has reported a “record-breaking” year with pre-tax profits surging to £344.8m in FY22, up from a loss of £39.9m in FY21, despite “significant” economic headwinds and challenges across the sector. Group revenues also increased 30.9% year-on-year from £3.62bn to £4.74bn, as the company recovers from Covid-19. However, Frasers…
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18 JulyHigh Street
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard. However, high streets in coastal towns have seen a surge of footfall, rising by 9.0%. The largest drop was seen in greater London, which was down -13% across high streets…
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18 JulyNews
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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13 JulyHealth & Beauty
Superdrug launches talent competition with TikTok campaign
Superdrug is partnering with TikTok to run the #SuperShow talent competition where entrants are to complete three challenges inspired by products available at Superdrug. The talent show campaign is said to be a “first of its kind” for beauty retailers and will see Superdrug take over TikTok UK’s ‘For You’…
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11 JulyProperty
Lush to further retail investment by £7.6m
Lush has revealed its plans for a retail investment increase of £7.6m, which is to be allocated to growing shops, relocations and redesigns across the UK, Ireland and Europe. The news follows after the British cosmetics company agreed last week on a new 15-year lease on 98 Buchanan Street, in…
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8 JulySupermarkets
Asda launches £1 meal charge for children
Asda has unveiled what it calls its “strongest ever initiative” to help feed children amid the cost of living crisis, which will see children across Scotland and Northern Ireland eat for only £1 at any time of day in Asda Cafés, seven days a week, with no minimum adult spend…
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7 JulyElectrical
Currys warns of ‘uncertain’ outlook despite profit rise
Currys has warned that its outlook for consumer spending is “uncertain”, despite reporting that pre-tax profits jumped 19% year-on-year from £156m to £186m for the year ended 30 April 2022. The financial year saw group store sales increase 24%, with 61% growth in the UK and Ireland, which is “higher…
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7 JulySupermarkets
Brits urged to cut £15bn off their grocery shop
Brits could reportedly be spending a premium of £15.1bn a year for branded items in Big 4 supermarkets instead of Aldi’s exclusive own-label products, according to data from Kantar. When broken down, the £15.1bn a year works out to £45 a month, or £542 a year, that could be saved…
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