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A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Chief executive of the Musgrave Group, Noel Keeley, said 2024 was an "extraordinary year” for the company despite a number of challenges. </p>

companies

Musgrave Group paid out €22.5m dividend in 2024 largely to family owners

The company, which owns SuperValu and Centra, employs more than 44,000 people across its stores

<p>It is understood that the Low Pay Commission is to recommend the Government increase the minimum wage by 5% in the upcoming budget bringing the hourly rate up from €13.50 an hour to €14.15 an hour. File photo: Patrick Bolger/Bloomberg</p>

economy

Business groups warn minimum wage hike will mean many retail staff 'will not have jobs'

<p>Ireland's Central Statistics Office reports that the volume and value of retail sales in July rose by 4.2% and 4.3% respectively year on year. Stock picture: PA</p>

economy

CSO retail index see strong growth in July boosted by motor sales

companies

Revenues stretch up to €15.3m at high-end yoga brand retailer lululemon

Online shopping e-commerce mobile app icons

companies

EU accuses China’s AliExpress of ‘systemic failure’ over illegal goods

woman hand hold shopping cart with Abstract blur supermarket aisle background

economy

Irish consumers make permanent switch to own-brand labels

New Penneys store for Ennis town centre part of €250m spend by Primark

New Penneys store for Ennis town centre part of €250m spend by Primark

The new Primark proposals are expected to boost the economic fortunes of Ennis town centre through increased footfall

Tue, 25 Mar, 2025

Amazon.ie launch: What it means for Irish retailers and local businesses

Amazon.ie launch: What it means for Irish retailers and local businesses

Amazon.ie’s launch sparks mixed reactions as Irish retailers weigh the benefits and risks of competing with the online giant

Wed, 19 Mar, 2025

Ronan Smyth: Amazon.ie a prime marketplace that brings concerns

Ronan Smyth: Amazon.ie a prime marketplace that brings concerns

Having access to a vast marketplace through Amazon.ie means having to play by the company's rules and this puts partnering sellers at the mercy of a global tech giant, and its algorithms

Tue, 18 Mar, 2025

Online retail giant Amazon has today launched Amazon.ie

Online retail giant Amazon has today launched Amazon.ie

This move has long been in the works with the company working towards this launch ever since it opened its first fulfilment centre in Dublin in 2022

Tue, 18 Mar, 2025

Argos paid out dividend of €200m after shutdown of Irish business

Argos paid out dividend of €200m after shutdown of Irish business

Last year, the company returned to profit with a pre-tax profit of €2.6m after sustaining a pre-tax loss of €24.1m in the prior year where the scale of the loss was connected to the shut down of the retail network

Tue, 11 Mar, 2025

Prepare to pay more for your flat white as Ireland's coffee producers face a perfect storm

Prepare to pay more for your flat white as Ireland's coffee producers face a perfect storm

Rising global demand and crops hit by adverse weather mean that Irish coffee roasters are paying more for beans this year

Tue, 11 Mar, 2025

Buying meat at a supermarket.

Consumers yet to return to pre-covid shopping habits

Kantar data shows consumers are making fewer shopping trips than they did prior to the pandemic

Mon, 10 Mar, 2025

Unrecognizable supermarket aisle as background

Supermarkets see busiest sales month since pre-lockdown surge

Shoppers in Ireland made on average 23 trips to stores during December

Mon, 13 Jan, 2025

Iain Henderson, Ross Byrne and Peter O’Mahony 12/7/2023

InterSport Elverys sees record sales due to boost from Rugby World Cup

Staunton Sports Ltd report 'exceptional' trading for 2023 as revenues rose by 13.5%, from €113.85m to €129.24m

Sun, 12 Jan, 2025

General Economy Ahead Of Irish Election

Guinness popularity forces Diageo to 'manage' UK supply

The supply shortfalls in Britain and the US — where Guinness is now the fastest-growing imported beer — is not expected to affect Ireland

Fri, 06 Dec, 2024

Technology Photos

One in five online shoppers in survey were scammed in the last year

Fraudsmart spells out some of the warning signs, and invites shoppers to use its Scamchecker.ie site to check for online scams

Mon, 02 Dec, 2024

Irish Economy As Latest Retail Figures Released

Consumers lose interest in Black Friday sales, with only 36% planning to buy

Competition and Consumer Protection Commission has advice for consumers to ensure they are not misled by online sales

Fri, 22 Nov, 2024

NFC: It's payment made simple

UK retailer Dunelm to acquire Home Focus

Dunelm said it will use its existing operations, capabilities and supply partners 'to strengthen the customer offer of Home Focus'

Wed, 20 Nov, 2024

Provisional liquidators appointed to Homebase

Provisional liquidators appointed to Homebase

High Court was told the retailer had suffered a British and Ireland-wide 'collapse'

Wed, 13 Nov, 2024

Swarovski shop Edinburgh

Profits at Irish arm of Tiffany lose some of their sparkle

The directors state that the company recorded a net pre-tax profit margin of 6% compared to 5% in 2022

Mon, 11 Nov, 2024

Cork's Opera Lane fully occupied for first time since 2019 with new Mountain Warehouse lease

Cork's Opera Lane fully occupied for first time since 2019 with new Mountain Warehouse lease

Mountain Warehouse to open flagship store, filling Topshop's prime retail space after five years vacant

Thu, 31 Oct, 2024

Next raises its profit forecast again to €1.2bn

Next raises its profit forecast again to €1.2bn

While other British retailers including Debenhams disappeared from shopping streets, Next adapted early to the shift to online sales

Wed, 30 Oct, 2024

Homemade Spicy Jalapeno Pepperoni PIzza

Profits at Milano pizza restaurants fall 80% to €2.34m

Agenbite Ltd's new accounts show that Milano's revenues increased by 5.5% last year, from €25.48m to €26.9m

Wed, 30 Oct, 2024

Woodies-owner Grafton Group acquires Spanish firm in a deal worth €132m

Woodies-owner Grafton Group acquires Spanish firm in a deal worth €132m

Spanish air conditioning and heating products distributor Salvador Escoda last year reported revenue of €231.8m and an adjusted operating profit of €16.5m

Wed, 30 Oct, 2024

Cork's Wetherspoons to cease trading following sale

Cork's Wetherspoons to cease trading following sale

The Linen Weaver was put on the market last year with a €2.25m price guide and was part of a €10m portfolio sell-off by the UK vintners group

Wed, 09 Oct, 2024

Derelict pub

Business closures to reach 900 this year

Insolvency reports finds few businesses utilising rescue process

Mon, 07 Oct, 2024

Inside A Levi's Store Ahead Of Earnings Figures

Levi pares back its sales outlook

The San Francisco-based company is looking to spark buzz by partnering with Beyoncé

Thu, 03 Oct, 2024

Next financials

Next chief retains positive outlook despite clothing sales becoming 'more volatile'

Chief executive of Next, Simon Wolfson, said one potential cloud on the horizon was a weaker job market, though he was encouraged that it hadn't shrunk yet

Thu, 19 Sep, 2024

Central London Retail Ahead Of Latest Figures

European luxury shares rout is just the beginning

Shares in companies producing high-end clothing, handbags and jewellery are languishing, sapped by a spending slump

Sun, 08 Sep, 2024

Woodies owner Grafton Group sees profits slip nearly 21% in weaker market conditions

Woodies owner Grafton Group sees profits slip nearly 21% in weaker market conditions

The company said that its Irish businesses — chiefly Woodies and Chadwicks — performed well and outlook for growth 'remains positive'

Thu, 29 Aug, 2024

Lego outperforms toy market with strong sales in Europe and North America

Lego outperforms toy market with strong sales in Europe and North America

Lego Icons, which includes models of the Eiffel Tower and Titanic, was among the best-performing themes along with City, Technic and Star Wars

Wed, 28 Aug, 2024

Pinduoduo's Global Online Shopping Platform Temu

Temu owner PDD’s stock crash sends warning about China's economy

The disappointing results were the latest in a series of red flags about the Chinese economy.

Tue, 27 Aug, 2024

Builder Fitting Insulation Boards Into Roof Of New Home

Unemployment ticks up along with hours worked

The sectors with the largest fall in employment were in wholesale, retail trade, and repair of motor vehicles and motorcycles, which dropped 7.3% followed by construction

Thu, 22 Aug, 2024

CircleK 20 cent off fuel per litre

Circle K owner seeking takeover of 7-Eleven parent company

Canadian-based retail giants have submitted a “friendly, non-binding proposal” to buyout the 7-Eleven chain of stores from its Japanese owners Seven & i.

Tue, 20 Aug, 2024

Irish Examiner view: Omagh inquiry is a last chance to lay to rest the ghosts of a mass murder

Irish Examiner view: Omagh inquiry is a last chance to lay to rest the ghosts of a mass murder

As we saw in the public anger over the attitude of the previous British government to legacy cases, if Ireland is to move forward there must be a foundation in truth

Mon, 29 Jul, 2024

Retailers who ask customers if they have receipt to be protected under Defamation Act

Retailers who ask customers if they have receipt to be protected under Defamation Act

The serious harm test in retail is not included across the board, however, something media organisations have asked the government to reconsider. Media has, however, broadly welcomed the reforms which will do away with juries in defamation cases

Thu, 25 Jul, 2024

Hasbro

Hasbro raises profit forecast after cost-cutting push

Steady growth in its mobile and video games, including 'Monopoly Go!' and 'Baldur's Gate 3', led to a 20% jump in quarterly revenue from the company's 'Wizards of the Coast' unit

Thu, 25 Jul, 2024

Boots takeover bid

Profits at Boots Ireland up 24%

The directors noted that the cost-of-living crisis has not caused a significant impact on the business so far

Thu, 25 Jul, 2024

a pair of champagne flutes with golden bubbles make cheers on blur tower Eiffel background valentine day concept

Champagne makers call for cuts to grape harvest after 15% drop in sales

Champagne shipments in the first half of 2024 reached 106.7m bottles, down 15.2% from the same period of 2023 and closer to 2019 levels

Fri, 19 Jul, 2024

Sports Direct delay results

Profits at Sports Direct owner Fraser Group rise more than 13%

Fraser Group's brands also include House of Fraser, Flannels, USC and Jack Wills, and it holds strategic equity stakes in a raft of other retailers including Hugo Boss, ASOS, Boohoo, Currys and AO World

Thu, 18 Jul, 2024

Consumer watchdog finds increase in misleading pricing amid cost-of-living crisis

Consumer watchdog finds increase in misleading pricing amid cost-of-living crisis

In its 2023 annual report, the CCPC said the number of fixed payment notices for offences such as failing to provide price labels increased by 206%

Tue, 16 Jul, 2024

Google's pub plans causes upset among Dublin households

Google's pub plans causes upset among Dublin households

The application lodged last month to Dublin City Council came nine months after Google officially opened the first phase of its Bolands Mills development.

Mon, 15 Jul, 2024

Glass of light beer.

Non-alcoholic beer sales up 18% as moderate drinking trend continues

Beer consumption down slightly last year 'in line with the long-term trend'

Thu, 04 Jul, 2024

SheIn Group Ltd.'s Dublin Pop-Up Store As Expansion Adds Pressure for Fast-Fashion Rivals

EU to consider closing off duty exemption that aids Shein, Temu

EU currently has a €150 duty-free threshold for online purchases

Wed, 03 Jul, 2024

An Post earnings jump on parcel growth

An Post earnings jump on parcel growth

Parcel shipping and post office footfall are on the rise, and An Post also grew its banking services

Thu, 27 Jun, 2024

Tesco Ireland admits incomplete Clubcard price displays breached consumer law

Tesco Ireland admits incomplete Clubcard price displays breached consumer law

The Competition and Consumer Protection Commission found that Tesco broke the law by failing to include unit pricing on Tesco Clubcard promotional shelf-edge labels

Mon, 24 Jun, 2024

Fast fashion site Shein seeks London listing

Fast fashion site Shein seeks London listing

Move could be one of the largest initial public offerings (IPOs) globally this year

Mon, 24 Jun, 2024

Klarna AB Expected To List In Europe IPO Bonanza

Buy now pay later firm Klarna sells its Checkout unit for over €480m

Deutsche Bank AG served as the sole financial adviser to Klarna on the deal, which took more than a year to put together

Mon, 24 Jun, 2024

Sweden's Economy Posted Record Slump During Pandemic Peak

Sweden's move to ditch cash has created a surge in fraud

Sweden is an important test case in terms of cashless crime as it’s gone further on switching to digital payments than almost any other European country

Sun, 23 Jun, 2024