Weak sterling drives Irish shoppers North

Weak sterling is sending Irish consumers online and to the North.

The latest Ibec retail monitor says the exchange rate has continued to make cross-border shopping attractive, while online growth for Irish retailers slowed dramatically, as customers purchased from British-based online retailers instead.

The report also says consumer confidence has dipped significantly over recent months, partly due to Brexit concerns.

Retail Ireland Director Thomas Burke says better value elsewhere has encouraged Irish retailers to make better offers for customers.

"The Irish retailers have reacted strongly to that and have put in place some very good value propositions and have reduced prices to react to that.

"I guess the battle for Irish retailers over the coming months will be to continue to offer consumers the best value for money possible and encourage them to stay here locally and shop locally," Burke said.


Related Articles

50-50 chance of no-deal Brexit, Latvian minister warns

Calls to protect €5bn tourism industry ahead of Brexit

Mincon untroubled by tariffs and Brexit

Report shows how Ireland's drinks and hospitality sector is vulnerable to hard Brexit

More in this Section

Accumulated profits at Johnny Sexton firm climb to €1.6m

Turkey raises tariffs on some US goods amid escalating feud

Latest: Web Summit withdraw Le Pen invitation saying it is 'disrespectful' to Portugal and attendees

More people saving money, but amount invested falls slightly


Today's Stories

Doubts Donald Trump’s growth spurt can be sustained

Lifestyle

New father’s life ‘changed forever’ after he was run over by surgeon

More From The Irish Examiner