When the retail chain Monsoon Accessorize went to the wall last month, the liquidator had to figure out what to do with all the Irish stock. Sell it on obviously. But to whom and at what discount?
A series of companies connected with the retail were liquidated today, with its owner pointing to the pandemic and the collapse in future tourism. Most of the money is due to the family behind the business.
Six months on from a previous interview, Anne Harris returns to Brown Thomas to meet the store’s fashion director in a different world. Between a crash course in digital marketing and cancelled catwalk shows, Shelly Corkery remains resolutely optimistic for her industry.
The French sport retailing giant will open to the Irish public for the first time tomorrow, after a two-month wait. Decathlon's new stores are designed to offer a live sporting experience, but after some of its staff lost their lives to Covid-19 in Italy, the chain has promised strict health and safety measures.
When US investment firm Marathon Asset Management swooped in on Irish property after the financial crisis, three Debenhams stores entered its portfolio. The landlord is now suing the retailer.
Court documents reveal that the retailer failed to stem losses in the year prior to the Covid-19 pandemic and is now exposed to loan charges contracted by its troubled UK parent.
Thousands of businesses have stopped paying their rent amid the Covid-19 lockdown. Many landlords are willing to talk, some are giving their tenants relief – and others have already sent solicitors' letters.
Leo Crawford, the chief executive of retail giant BWG, believes Covid-19 will radically change the economy and Irish retail. But through innovation, agility and the right policy choices, he is confident about Ireland’s ability to recover.
From a standing start 20 years ago, Ade Stack has built a nationwide chain of 18 pharmacies with more than 200 staff. Stacks Pharmacy has achieved this by by-passing the high street and shopping centres in favour of establishing strong links within local communities.
Insolvency figures are decreasing in retail in Ireland but this does not reflect the big picture for what’s going on within the industry. Bricks and mortar stores continue to battle the rise of online shopping and the uncertainty of Brexit.
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