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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Jan- 2020 -3 JanuaryClothing & Shoes
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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2 JanuaryHigh Street
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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Dec- 2019 -20 DecemberLuxury Goods
The White Company profits jump 26% in FY results
The White Company has reported a 26% increase in profits to £14.4m for in its full year results to 3 August 2019. The group also reported a 21% increase to £13.6m for its published group operating profit for the 70 week period, compared with £11.2m last year. Group turnover increased…
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12 DecemberHigh Street
Dixons Carphone profits drop 60% in half-year results
Dixons Carphone has reported a 60% decrease in profit in its first half, following a group adjusted profit before tax of £24m compared with £60m from last year. In the year ending on 26 October, the business also reported a 1% decrease in like-for-like revenues in the UK and Ireland.…
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9 DecemberSupermarkets
Tesco considers sale of its Asian arm
Tesco is considering the sale of its Malaysian and Thai businesses, the supermarket giant has confirmed. The two businesses have an estimated worth of £6.8bn between them. Tesco released a statement saying that this consideration follows “inbound interest” of the businesses, yet potential buyers are yet to be named. The…
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Nov- 2019 -27 NovemberPeople Moves
Wilko appoints Chris Martin as non-executive director
High-street chain Wilko has announced the appointment of Chris Martin as non-executive director. Martin is currently the chief executive of Musgrave group. He joined the Musgrave main board in 2003. Under his direction, the business has “focused strongly on partnering with entrepreneurial retailers and innovative food suppliers to develop the…
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25 NovemberShopping Centres
Intu sells Sprucefield Retail Park in £40m deal to NewRiver
Shopping centre owner Intu has announced the sale of its Sprucefield Retail Park to real estate investment trust NewRiver in a £40m deal. The retail park is located in Lisburn, Northern Ireland and comprises of 231,000 sq ft of retail space in five units, and features stores such as Sainsbury’s…
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20 NovemberDIY
Kingfisher sales take a tumble in Q3
Kingfisher, the parent company of B&Q and Screwfix, has announced a poor quarter of sales in its latest trading update. Total sales slumped by 3.2%, in what CEO Thierry Garnierd called a “disappointing” result. Like-for-like sales were also down 3.7% for the quarter. Kingfisher said that disruption from new product…
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18 NovemberClothing & Shoes
Shoenvious launches in the UK
The luxury women’s shoe retailer Shoenvious is set to launch in the UK. The company, which allows customers to design and customise their own “one-of-a-kind” pair of shoes using an online 3D shoe designer, was founded in Dubai 2018 by husband and wife partnership Andrew and Saudin Noddings. Shoenvious currently…
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4 NovemberHigh Street
New flagship River Island store opens in Grosvenor Shopping Northampton
Fashion retailer River Island has opened a new flagship store in Grovesnor Shopping Northampton. The announcement comes from LGIM Real Assets (Legal and General), which revealed that the new unit will operate over 11,000 sq ft, with two trading levels of space. Following the centre’s refurbishment in 2015, this development…
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