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How much do our Local Authorities rely upon retail rates?

Businesses across Ireland contribute approximately €1.5 billion in commercial rates to Local Authorities across the country each year. This is a critical source of income for each of the 31 Local Authorities in the State and typically accounts for between 16% and 53% of their revenue stream with the national average standing at 33%. According […]

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Neil Bannon – Retail on the High Street

There has been a lot of talk about the future of the bricks & mortar of Irish retail and flagging local retail performances – most of which has been framed through the arrival of online sales. But is it all as worrying as we’re led to believe? Neil Bannon, Executive Chairman of Commercial Property Consultancy firm […]

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Main street isn’t out of fashion, but fashion may be

The media’s focus on extreme cases, and invalid comparisons with European markets, are two of the reasons behind the false narrative that has developed around retailing in Ireland. That’s according to Neil Bannon, chairman and head of consultancy at Bannon Property Consultants. And Neil Bannon should know, as one of Ireland’s most experienced retail agents […]

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Specsavers open in Manor Mills Shopping Centre in Maynooth

Specsavers have now joined the tenant line up in Manor Mills Shopping Centre. The store is equipped with the latest eye and ear testing technology. Maynooth is the only Specsavers store in North Kildare. Specsavers now have over 1,980 stores worldwide including 79 in Ireland. The chain offers optician services for eyesight testing and sells […]

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Harvey Norman to open Knocknacarra store in April with the creation of over 60 jobs

Harvey Norman is to open its new store in Knocknacarra in April with the creation of over 60 jobs. The major retail outlet will be located at the Gateway Retail Park, on the Western Distributor Road beside Dunnes Stores and others such as B&Q. Recruitment is ongoing for cashiers, sales, administration, and technical support staff. […]

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Starbucks opens drive-thru location at The Marshes

The first drive-thru Starbucks on Ireland’s east coast has opened at Marshes Shopping Centre and coffee lovers should keep an eye out for promotions throughout the week. The move has been hailed by centre management at Marshes as “another vote of confidence in the north east’s most popular retail destination”. Starbucks operates over 20,000 outlets […]

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Retail Sales volume increased by 3.6% in December 2019

The volume of retail sales increased by 3.6% in December when compared to November on a seasonally adjusted basis and increased by 5.8% on an annual basis. Note: ‘Black Friday’ is included in the December reporting period for the RSI, which covers the 5 weeks 24/11/2019 – 28/12/2019. In 2018 ‘Black Friday’ was covered in […]

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Eason puts Blanchardstown Centre store on the market for €16m

One of only a handful of independently-owned retail units at the highly successful Blanchardstown Centre has been brought to the market by agent Bannon at a guide price of €16 million. The property, which is being offered as a sale-and-leaseback opportunity, will be the subject of a new 25-year lease to its current owner, the […]

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Retail sales show 1.4% annual rise in November

Retail sales rose 1.4% in November as shoppers prepared for Christmas, increasing their spending in supermarkets and on hardware. However, department stores took a hit as the value of retail sales feel by more than 9%, and the volume declined by 6.5% year-on-year. The motor trade also saw a decline of 0.5% on an annual […]

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Eason to relocate Cork store after selling premises to Ashley company

Books and stationery retailer Eason has sold its store on Patrick Street in Cork to a company connected with Sports Direct owner Mike Ashley, as part of a wider plan to relocate to a larger store in the city centre in 2021. Ownership of the store was held by Eason Holdings, which operates the retailer’s […]