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- 2020 -21 DecemberNews
Hammerson seeks admission to Euronext Dublin
Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU. In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing…
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16 DecemberElectrical
Dixons Carphone sales soar in half-year results
Dixons Carphone has announced that like-for-like electrical sales soared by 17% in the half-year ended 31 October 2020, despite the fact that stores in the UK, Ireland and Greece were shut for “substantial” periods throughout the year. In the same period, statutory profit before tax rose to £45m, up from…
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7 DecemberAdvice
Re-energising retail in 2021: Three challenges and one solution
The story of retail in 2020 is one of extreme contrasts. On the one hand, the Amazons, Asos and supermarket operators of the world have all enjoyed tremendous success; on the other, almost every other segment of the industry has been decimated. More than 11,000 chain outlets shut in the…
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4 DecemberClothing & Shoes
Primark posts £430m sales hit amid second lockdown
Primark was hit with a £430m sales loss following international lockdowns this autumn, according to Associated British Foods (ABF). Primark stores in the group’s major markets, including England, the Republic of Ireland, France and Belgium reopened in the last week, however, with ABF noting that sales have been “very strong”…
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1 DecemberCoronavirus
Footfall surges for second week thanks to Black Friday
Footfall on Black Friday increased by 8.7%, helping to mark the first time since late August that the figures have increased in two consecutive weeks, according to the latest data from Springboard. The data shows that footfall in the UK rose by 4.8% across all retail destinations last week, which…
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Nov- 2020 -16 NovemberClothing & Shoes
Arcadia Group enters ‘urgent’ borrowing talks
Arcadia Group, the parent company of Topshop, has reportedly entered “urgent” borrowing talks in a bid to secure funding and “aid its survival prospects”. According to Sky News, the group, owned by Sir Philip Green, has sought several potential lenders in its efforts to borrow around £30m to support the…
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12 NovemberClothing & Shoes
LK Bennett set to launch CVA
LK Bennett has launched a CVA proposal, which will result in five store closures and a small number of job losses. The womenswear retailer will also move its remaining shops to turnover-based rents in order to “mitigate the ongoing financial impact of the Covid-19 pandemic”, Drapers reported. Currently, the business…
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6 NovemberClothing & Shoes
Superdry H1 revenues fall 23.3%
Superdry has announced that total revenue fell by 23.3% in the half-year period ended 24 October 2020, reflecting the challenging trading environment attributed to the continued disruption from Covid-19. Like-for-like store trading in the last six weeks of H1 was down 32.4%, with UK trade impacted by continued social distancing…
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5 NovemberCoronavirus
Chancellor extends furlough scheme to March
Chancellor Rishi Sunak has announced that the furlough scheme will be extended until the end of March, amid increased measures for business support as the UK enters a four-week lockdown. Payments are set to remain at 80% of employee’s wages. It comes as the chancellor said that it was “right…
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5 NovemberClothing & Shoes
Clarks agrees £100m rescue deal with LionRock Capital
Clarks has been rescued in a £100m deal with LionRock Capital – the Hong-Kong-based private equity firm. Announcing its new partnership, LionRock Capital said it will acquire a majority stake in Clarks, with the Clark family to remain invested in the business. The £100m investment will enable Clarks to “position…
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