Irish retailers claim they didn’t have a very merry christmas

.

IRISH RETAILERS TOOK a hit in the second half of 2016, culminating in a challenging Christmas period, according to a new report from Retail Ireland titled “Storm clouds gathering”.

The group, which represents retailers in Ireland, said sales in department stores, computer and electronic retailers and book shops fell significantly during the Christmas period, when compared to Christmas 2015, while the value of all retail sales in Ireland over Christmas was 0.1% lower than the previous year.

More customers shopping online with UK retailers were said to have played a role in the results, and Retail Ireland also highlights the number of shoppers going north of the border to take advantage of the weaker sterling as contributing to this poor performance.

Retail Ireland director Thomas Burke said: “There were disappointing results across the board over the Christmas trading period, with some retail categories coming under particular pressure.”

Looking at department stores, it was the weak sterling and poor performance of Irish online retailers that prompted Irish stores to offer a range of discounts which led to a further squeeze on their margins, they said.

Sales at supermarkets rose in December, when compared with the same period last year, while sales also rose at clothing retailers and at furniture and homeware stores.

Major shopping days such as Cyber Monday and Black Friday have gathered momentum in recent years, and Burke said the data suggests a “structural shift in pre-Christmas consumer shopping patterns” with more people than ever buying early.


Brexit is also a big worry for retailers, with Burke saying that, as a sector, “retail is one of the most exposed to Brexit pressures” and their data shows that “this impact is already telling in our sector”.

He added: “Government must aid [retailers] by taking urgent and decisive steps to address the high cost of doing business, particularly labour taxes, insurance and rates.

Please note that TheJournal.ie uses cookies to improve your experience and to provide services and advertising. Pound to euro exchange rate today For more information on cookies please refer to our cookies policy.

News images provided by Press Association and Photocall Ireland unless otherwise stated. Gold forecast 2020 Irish sport images provided by Inpho Photography unless otherwise stated. Usd cad forecast Wire service provided by Associated Press.

Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Love quotes from the bible Users are reminded that they are fully responsible for their own created content and their own posts, comments and submissions and fully and effectively warrant and indemnify Journal Media in relation to such content and their ability to make such content, posts, comments and submissions available. Usd eur converter Journal Media does not control and is not responsible for the content of external websites.

Leave a Reply

Your email address will not be published. Required fields are marked *

All materials are found on open spaces of a network the Internet as freely extended and laid out exclusively in the fact-finding purposes. If you are what lawful legal owner or a product and against its placing on the given site, inform us and we will immediately remove the given material. The administration of a site does not bear responsibility for actions of the visitors breaking copyrights. abuzesite@bigmir.net

banner