US toy shop FAO Schwarz to open in Dublin

US toy shop FAO Schwarz is to open a flagship store in Dublin.

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Dundrum Town Centre owner opposes rival shopping development plan

The British and German owners of the Dundrum Town Centre - the largest shopping and leisure development in the country - are leading the opposition against plans by property investment company IPUT for a new retail and residential development at Carrickmines in south Dublin.

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Musgrave CEO to retire as group reports 5.6% rise in profits

The chief executive of the Musgrave Group Chris Martin has announced his retirement today.

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Debenhams remains in hands of lenders after failed sale process

Administrators said buyout bids were ‘not at the level required to be taken forward’.

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Irish people spent €44m on Easter eggs this year

Irish people spent €208.2 million during Easter week as the grocery market saw record spending, according to new data.

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Next posts fashion sales increase with online boost

Clothing chain Next said warm weather over the Easter holiday drove a 4.5% rise in full-price first-quarter sales, beating its own forecasts of a 3.2% rise.

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Sainsbury’s sees sales fall in UK

Sainsbury’s, reeling from last week’s decision by the UK regulator to block its takeover of rival Asda, was alone among Britain’s big four supermarket groups in seeing sales fall in the latest 12-week period, industry data has shown.

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Healthy rise in sales but no return to boom

Retail sales rose strongly in the first quarter but the sales uplift still appears to be far from indicating a return to a boom-time spending spree.

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Diversity in the retail experience can save our town centres

Every town and city needs to prepare for shifting shopping patterns to survive, writes Sarah Thatt-Foley

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Irish branches of Debenhams avoid closure

Irish branches of Debenhams have avoided cuts with 22 shops in the UK set to close their doors.

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Tesco rakes in profits as chief hails turnaround

The supermarket giant reported a 28.8% rise in annual pre-tax profits.

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Debenhams stays open but Irish concerns persist as union writes to retailer

Concerns persist for the hundreds of staff employed at 16 Debenhams stores in the Republic and the North as Debenhams said it was trading as normal despite its UK holding company going into administration.

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Debenhams go out of Africa with textile range

Debenhams goes out of Africa with a new selection of textiles from their Savanna range, inspired by tribal prints.

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The trouble with Big W: Don't blame online for killing discount department stores

After weeks of speculation, Woolworths has confirmed it will close 30 of its Big W stores in Australia, as well as two distribution centres.

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Mike Ashley ups efforts to take charge at Debenhams

Debenhams is to seek €230 million in new financing and pursue a restructuring plan in a move which could wipe out existing shareholders including Mike Ashley.

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Superdry founder suffers another setback in comeback bid

Superdry co-founder Julian Dunkerton has suffered another blow in his bid to return to the fashion chain's board.

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Irish Consumer Spending dips in February

Visa’s Irish Consumer Spending Index saw a fall in spending last month.

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Valentine's Day boosts Irish grocery market

Sales of wine, chocolate and convenience foods received a Valentine's Day boost in the past three months.

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Debenhams shares plunge on fresh profit warning

Shares in Debenhams have tumbled after the troubled retailer warned over profits as sales continue to come under pressure, with the firm also locked in restructuring talks with its lenders.

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Grafton eyes more continental acquisitions

Building materials group Grafton has said it is looking to continental Europe for acquisition opportunities but is not ruling out bolt-on purchases in the UK and Ireland, where it owns the Woodie's DIY retail chain.

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Health food popularity a boon for SuperValu sales

The explosion in consumer interest in health and fitness-related foods has been a boon to SuperValu sales in the last year, the firm said ahead of its €30m investment in new and existing stores.

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Industry group calls for tougher tax for online retailers

With an estimated 84% of Irish consumers expected to be shopping online by 2021, Retail Excellence has echoed the UK committee's call.

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Rise of online sales forcing retailers to rethink approach

The growth of online sales is a worrying reality for the country's retailers.

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Superdry sales slump raises management pressure

British fashion group Superdry, which has a number of stores in the Republic and the North, reported lower revenue in the Christmas quarter, blaming issues with its product range and mild weather.

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Carpetright sinks as it looks to EU stores for growth

Shares in UK floor covering retailer Carpetright plummeted more than 8% on the back of it saying sales performance in its core home market remained negative through the third quarter of its financial year.

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Centra eyes market share increase with €35m store plan

Convenience retail outlet Centra said it plans to open 25 new stores this year as part of a €35m investment, as it attempts to increase its share in a market dominated by bigger rivals.

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Record Vat receipts point to buoyant Christmas spending

Record Vat revenues helped the Exchequer take in 7% more in overall tax revenues last month than in January 2018, but spending was also up sharply.

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H&M profits fall 10% as online investment weighs

Sweden’s H&M disappointed investors with a 10% tumble in quarterly profit. The world’s second-largest fashion retailer blamed investment aimed at boosting its online business for the decline.

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Retailers selling electrical goods boost sales but bars lose out

Retailers selling electrical goods were the out-and-out winners in recent months in terms of sales growth, while pubs and bars lost out.

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Four House of Fraser stores to be saved from closure in the UK

An interim deal has been reached with landlord Intu for stores in shopping centres Chapelfield, Lakeside, Metrocentre and Victoria Centre.

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Mobile phones set to drag on Dixons Carphone trading

Dixons Carphone is expected to book another sales slump at its troubled mobile phone division when it reports on its third-quarter performance next week.

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Ann Summers Irish stores in 15% rise in revenue

Ann Summers revenues at its Irish retail stores rose 15% last year but still posted an operating loss.

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Retailer New Look in deal to slash debt by €1.1bn

Struggling British fashion retailer New Look has agreed a restructuring with debtholders to cut its debt by £1bn (€1.1bn) as it seeks to position the group for a return to profitability.

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Primark and Boohoo next in line to reveal Christmas trading

High street fashion giant Primark and online rival Boohoo will be among the next batch of retailers to report back on their festive fortunes.

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Lidl Christmas sales climb on back of premium ranges

Shoppers transferred spending from the major supermarkets to the discounter.

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M&S adds to Christmas casualties after UK sales fall

The retail giant said like-for-like clothing and home sales dropped 2.4% over the 13 weeks to December 29 while comparable food sales fell 2.1%.

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John Lewis staff bonus could be axed as profits set to tumble

It would be the first time since 1953 that staff have not received an annual bonus.

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Tesco reports festive sales rise

Tesco has updated the market on Christmas and third quarter trading.

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M&S sees Christmas sales fall, but cheers ‘steady’ trading

The retailer said like-for-like clothing and home sales dropped 2.4% over the 13 weeks to December 29 while food sales fell 2.1%.

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Survival of rural-based retail 'at risk' due to having no online presence

Numerous Irish retailers, particularly small rural-based operations, are in danger of going out of business due to having no online presence, accountancy firm RSM has warned.

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Next in surprise retail boost

Shares in Next rose almost 5% yesterday after the fashion retailer reported surprisingly robust Christmas retail figures which cheered investors who were fearing the worst after months of gloom in the UK sector.

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Profits surge 37% at Irish Costa Coffee and KFC operator

Pre-tax profits at the company which operates the Costa Coffee chain in Ireland and a string of KFC outlets here increased by 37% to €11.44m last year, accounts show.

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Retailers can still thrive if they change with the times

There has been lots of recent media commentary about the death of retail — Debenhams, House of Fraser, Clerys, Sears and the like.

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Consumers opting for Irish-owned businesses for their online shopping, say Retail Ireland

Director, Thomas Burke, says the trend of buying online is very strong and Irish retailers need to compete in that space

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Grocery spend up as other shops trail

Eamon Quinn Grocery spending in the Republic was up by almost 3% in the year, as the busy Christmas supermarket spending season gets underway.

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H&M shares tumble 9% even as fashion sales grow

H&M reported sales growth in the three months to November but doubts about the strength of recovery at the world’s second-biggest fashion group sent its shares down.

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Retail woes go online as discounting hits Asos

Europe’s retail crisis is spreading from bricks-and-mortar stores to e-commerce as Asos plunged the most in over four years after warning that Christmas shopping has got off to a disastrous start.

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Restaurant closures in UK now ‘at epidemic levels’

More than 1,000 restaurants went bust in Britain in the year through September — a 24% rise on the previous 12 months, as the industry grapples with overcapacity as consumer spending slows, accountants Moore Stephens said.

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Consumers to spend over €1bn on groceries ahead of Christmas

Irish households are expected to spend over €1 billion on grocery shopping in the run-up to Christmas.

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Business group ISME asking people to shop local

People are being asked to shop local on what is one of the busiest weekends of the year for retailers.

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Carpetright unveils losses amid store closure plan

Troubled retailer Carpetright has unveiled stinging losses for a period in which it underwent a dramatic store closure programme.

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New Geo-blocking rules lift restriction on accessing websites

Online shoppers will no longer be restricted from accessing websites based on their location.

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'We keep coming across excuses' - TD disappointed over delay of gift card rules

New rules to protect gift card holders will not be brought in in time for Christmas.

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Shoppers urged to buy local over the festive season

Christmas shoppers are being urged to shop local at towns and villages across the country today.

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Chemist retail sales up, pubs down

Chemists, electrical goods retailers and hardware outlets are the big winners from a continued rise in consumer spending levels over the past three months, while pubs and bars largely lost out.

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Amazon website reveals customer details in data breach ahead of Black Friday

Amazon has revealed a technical error has caused customer names and email addresses to be disclosed on its website.

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Grocery shoppers boost spending to €8.9bn so far

Shoppers spent almost €2.48bn on groceries in the past 12 weeks bringing the amount spent in supermarkets in Ireland this year to €8.97bn, as the big Christmas household spending season draws closer.

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Retailers ‘must digitise business’ as Black Friday attracts more shoppers

A third of Irish shoppers will spend more on Black Friday on November 23 and Cyber Monday on November 26 shopping events this year than last, with more than half of those willing to part with up to €500.

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SuperValu to introduce solar panels to 30 stores in €3m investment

SuperValu has announced today that it plans to introduce solar panels to up to 30 of its stores over the next two years as part of a €3m investment.

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Irish retail union seeks talks on Debenhams store plans

Irish union bosses have called for an urgent meeting with UK retailer Debenhams as the firm said it would close 50 stores in the next five years after posting the biggest full-year loss in more than two centuries.

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