Industry & Business

Mid-summer falter in retail sales a cause for concern

 Breaking News
  • Lidl Ireland and Buymie Expand Services into Counties Kildare and Wicklow Lidl Ireland has announced the expansion of Buymie services to customers in counties Kildare and Wicklow. In January, Lidl Ireland formed a partnership with Irish start-up Buymie, which provides a personalised online grocery delivery service, delivering in as little as an hour. Offering Buymie services to towns Maynooth, Celbridge, Leixlip, Bray and Greystones, will give 40,000 local households an online [...]...
  • Equinix Unveils Virtual Network Services on Platform Equinix Equinix, Inc, the global interconnection and data centre company, has announced the next phase in the evolution of Platform Equinix® with the unveiling of Network Edge services, a new product innovation enabling companies to modernise networks virtually, within minutes, by deploying network functions virtualisation (NFV) from multiple vendors to connect their digital supply chains at Equinix. Designed to accelerate digital transformation [...]...
  • SaaS Firm Futrli Announces £5.5 Million Delivery Centre in Belfast Great Britain-based Futrli is to invest almost £5.5 million in a new delivery centre in Belfast, with 80 new jobs to be created over three years, more than doubling its headcount. Established in 2014, Futrli supports over 1,200 accountancy firms and 45,000 small businesses globally with software as a service (SaaS) products. The latest, Futrli [...]...
  • Climate Action Plan Launched The Government has published the Climate Action Plan, designed to give Irish people a cleaner, safer and more sustainable future. The far-reaching plan sets out over 180 actions, together with hundreds of sub-actions, that need to be taken at a time when the warning signs are growing, and the time for taking action is rapidly reducing. At [...]...
  • Strencom Invests in VMware Cloud-based Disaster Recovery Service Strencom, the Irish managed connectivity and cloud computing provider, has announced that its Point ‘N’ Click public cloud service has attained VMware Disaster Recovery as a Service™ (DRaaS) Powered status. Strencom has invested €250,000 in the service – building an advanced technology infrastructure as well as investing in new staff and employee training. Point ‘N’ Click [...]...

Mid-summer falter in retail sales a cause for concern

Mid-summer falter in retail sales a cause for concern
August 29
09:00 2017

Retail Ireland, the Ibec group that represents the sector, warned that the retail sales figures for July, released by the CSO today, act as a timely reminder not to take continued growth in the sector for granted. Core retail sales in July decreased by 0.6% when compared with June, indicating a mid-summer dip in performance. However, the group said that broader retail trends remain positive, with sales increasing by 3.5% in the year to date.

Retail Ireland Director Thomas Burke stated: “Despite a return to growth in retail sales values, core retail sales, excluding motor trades and bar sales, remain volatile. While there may be a perception that all is well again in the retail sector, much of the current growth is being driven by deep discounting in shops and ongoing sales activity. Such prolonged discounting, while necessary in the current uncertain consumer market, is undoubtedly draining profits for retailers.

“This environment makes it difficult for retailers to take positive business investment decisions, and with continuing uncertainty likely over the coming months due to Brexit and currency fluctuations, there is now a real fear that retailers and consumers will adopt a wait and see approach to major spending decisions for the remainder of 2017 and beyond. Despite the dark clouds on the horizon, retailers remain hopeful that the current back to school period can inject some positivity into the market and enable a strong performance in the second half of the year.”

About Author

editor

editor

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4