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- 2020 -5 FebruaryHigh Street
Poundland sales jump in first-quarter results
Discount retailer Poundland has reported a 1.3% increase in like-for-like sales for the three-month period ended 23 December 2019. Poundland also reported a “record trading day” on 23 December, serving almost 1.6 million customers. The discount retailer said it benefited from the “continued strong performance” of the Pep and Co…
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4 FebruaryHigh Street
Ikea reveals plans to shutter first UK store, 352 jobs at risk
Ikea UK has announced the proposed closure of its Coventry store in summer 2020, putting 352 jobs at risk. The Coventry store, one of 22 Ikea stores in the UK, was built in 2007 in the city centre one of the earliest examples of the company testing a “new format…
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4 FebruaryEconomy
Retail chief executive turnover reaches seven-year high in 2019
Retail chief executive turnover has reached a seven-year- high, a new study has found. The Korn Ferry’s eighth annual UK Retail CEO tracker reported a 25% increase since 2018, the report also stated that the industry replaced 55 of its CEOs in 2019, up from 44% a year earlier. The…
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3 FebruaryHigh Street
Hawkin’s Bazaar confirms final stores closures
Embattled retailer Hawkin’s Bazaar confirmed its final store closures over the weekend as part of its administration process. The joint administrators of Hawkin’s Bazaar Limited, Tom Straw and Simon Thomas of Moorfields Advisory Limited, revealed that all of its stores were to close after the weekend of 2 February. Straw,…
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Jan- 2020 -28 JanuaryHigh Street
Seasalt reports double-digit sales growth over Christmas
Cornish fashion retailer Seasalt has reported a 14% increase in overall sales for the five-week period ending 4 January 2020. The brand said the positive sales growth was recorded across all channels, with online sales up 13% and UK stores seeing a 15% sales increase year-on-year. International sales were also…
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24 JanuarySupermarkets
Tesco to remove plastic wrapping from multi-pack tins
Supermarket giant Tesco has committed to removing plastic within its multipacks of tinned food. The ‘Big Four’ grocer aims to eliminate 350 tonnes of plastic from the environment from its chains each year. Tesco has teamed up with canned food retailers Heinz and Green Giant to remove the plastic from…
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24 JanuaryHigh Street
Hawkin’s Bazaar enters administration, 177 jobs at risk
Gift and toy retailer Hawkin’s Bazaar has entered administration, placing 177 jobs at risk. Tom Straw and Simon Thomas from Moorfields Advisory Ltd have now been appointed as joint administrators of the toy shop chain. Hawkin’s Bazaar was founded in 1973 and currently operates 20 stores across the UK and…
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21 JanuaryHigh Street
Dixons Carphone Christmas trading dragged down by mobile
Dixons Carphone’s trading results for the 10-week period ended 4 January 2020 has been dragged down by a 9% slump in mobile like-for-like revenue. Despite this, the retailer saw group revenue increase by 2%. Like-for-like revenue in electricals also increased by 2% in the UK and Ireland, driven by strong…
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9 JanuarySupermarkets
‘Biggest day of food sales’ helps Tesco fight Christmas slump
Strong food sales including a reported “biggest food sales day in history” helped Tesco post a slight Christmas sales increase in the UK and Ireland despite a “challenging environment”. Tesco reported a 0.4% increase in like-for-like sales during the six-week period ending 4 January, however this is a marked slowdown…
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7 JanuaryBusiness Bites
Northern Ireland’s business community want compensation for their Brexit troubles
To say that Brexit has been ‘divisive’ is both an understatement and also a cliché of the highest order. But Johnson’s election victory, as we are all now well versed, will not bring an immediate end to the arguing. Today we hear that business leaders and entrepreneurs in Northern Ireland…
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