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- 2022 -17 FebruaryPeople Moves
Kingfisher announces leadership shakeup
Kingfisher plc has announced a number of senior management changes to strengthen its group executive team and support the delivery of the group’s strategy. Sebastien Krysiak, currently chief executive officer (CEO) of Castorama Poland, has been appointed to the new role of chief commercial officer, with effect from 4 April.…
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16 FebruaryClothing & Shoes
Reiss to widen online offering through Next Total Platform
Reiss is set to launch a new, revamped website through Next Total Platform, which will enable a host of service upgrades for its online customers. The site is set to launch tomorrow (17 February) and the brand said the site’s look and feel will “remain true to Reiss’ distinctive aesthetic”. …
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10 FebruaryLuxury Goods
Watches of Switzerland sales soar amid ‘thriving’ market demand
The Watches of Switzerland Group PLC has reported its revenues surged 27.9% year-on-year to £348.1m in the 13 weeks to 30 January 2022 (Q3 FY22), and 36.5% from pre-Covid levels. The group’s year-to-date revenues for the 39 weeks to 30 January 2022 (9M FY22) also rose by 38% year-on-year from…
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4 FebruaryElectrical
Currys begins search to replace Livingston as chairman
Currys, the electrical retailer, has reportedly begun its search for a new chairman to eventually succeed Lord Livingston of Parkhead. According to Sky News, Currys has initiated headhunters to identify potential candidates for Lord Livingston, who has been in the position since 2015. However, it cited sources that said the…
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3 FebruaryEconomy
Energy price cap to rise 54% from April
Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers. Energy regulator Ofgem announced that…
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1 FebruaryOnline & Digital
Asos invests £14m in Belfast tech hub
Asos has announced it is investing £14m into a new tech hub in Belfast over the next three years as it continues to scale its investment in technology, creating 184 new jobs with eight permanent staff already on board. As part of the investment, Asos has announced the opening of…
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Jan- 2022 -31 JanuaryHigh Street
Walgreens set to start £7bn Boots sale process
Walgreens Boots Alliance has reportedly started the sales process for its Boots international drugstore unit, according to Bloomberg. Walgreens is said to be “sending out preliminary information on the business to potential suitors ahead of first-round bids due in the coming weeks”. Boots, which has 2,200 stores in Britain and…
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24 JanuaryPeople Moves
Sainsbury’s creates chief transformation officer role
Sainsbury’s has promoted Graham Biggart to the newly created role of chief transformation officer, and he will join the operating board in March 2022. The move comes as Sainsbury’s plans to “accelerate” its customer transformation, in addition to its plan to save money and invest in innovation, quality and price,…
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21 JanuaryNews
Dunelm appoints non-executive director
Dunelm has announced the appointment of Kelly Devine as a non-executive director. Devine will join the board on 1 March 2022, and will be a member of the Audit and Risk, Remuneration and Nominations committees. According to the firm, she is president, UK and Ireland of Mastercard, where she has…
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20 JanuaryClothing & Shoes
Primark sales spike 36% to £2.67bn
Primark owner, Associated British Food (ABF), has announced the fashion retailer’s revenues increased by 36% to £2.67bn in the 16 weeks ending 8 January 2022, compared to £2.03bn in the 16 weeks ending 2 January 2021. Total Primark sales this period were 5% lower than pre-Covid levels, and like-for-like sales…
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