News | Latest Breaking News Stories & Headlines

Profits up 29% at BWG Foods on back of record sales

Pre-tax profits at wholesale group BWG Foods last year increased by 29% to €39.99m on the back of record sales.

Profits dip at Harvey Norman as revenues remain flat

Pre-tax profits at the Irish arm of consumer electronic and furniture retailer Harvey Norman last year decreased by 23% to €10.1m.

Business • 21 Jul

Penneys records profits of more than €2m a day

The firm which operates the Penneys' chain of outlets here last year recorded daily average pre-tax profits of more than €2m.

Business • 18 Jul

Tesco's Irish and UK sales growth accelerates in Q1

Supermarket group Tesco said UK and Irish underlying sales growth picked up in its first quarter and it won market share from rivals but it left its profit guidance for the full year unchanged.

Business • 12 Jun

Zara owner Inditex reports slower start to summer trading

Zara owner Inditex missed expectations for first-quarter sales and early summer trading today, as tariff fallout complicated the fast-fashion retailer's efforts to maintain strong growth.

Business • 11 Jun

B&Q Ireland opening three new stores this week

B&Q Ireland is opening three new stores this week at locations in Navan in Co Meath, Waterford and Letterkenny in Co Donegal.

Business • 28 May

JD Sports makes nearly 40% of its sales in the US through its Finish Line, Shoe Palace and Hibbett stores

JD Sports warns US tariffs could hit prices and demand

Sportswear retailer JD Sports has today posted a 2% fall in first-quarter sales and warned that higher prices in its key US market from President Donald Trump's tariffs could hit customer demand, sending its shares down 6%.

Business • 21 May

Next made £1.011 billion in 2024/25, topping £1 billion for the first time

Next raises profit outlook again on strong trading

Clothing retailer Next has nudged up its full year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, with a spell of warm weather boosting demand for summer ranges.

Business • 08 May

Associated British Foods, which owns Pennys/Primark, said it was now targeting 'low-single digit' sales growth in 2025 for the clothing chain

Penneys/Primark cuts sales outlook after weak Christmas

Associated British Foods has downgraded the annual sales guidance for its Penneys/Primark budget clothing business after disappointing results in the Christmas quarter in its main UK and Ireland market.

Business • 23 Jan

Holland & Barrett's new store format in the Jervis Street Shopping Centre in Dublin

Holland & Barrett opens new store format in Dublin

Health and wellness retailer Holland & Barrett has launched a first of its kind store within the Jervis Shopping Centre in Dublin's city centre as part of its continued investment in the Irish market.

Business • 13 May 24

JD Sports said today that trading in the new financial year so far was in line with its expectations

JD Sports flags challenging conditions, Q4 sales up 0.1%

British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%.

Business • 28 Mar 24

Superdry downbeat on recovery after weak Christmas

Fashion retailer Superdry does not expect market conditions to improve in the near term after a tough Christmas season, it said today, adding that finance chief Shaun Wills will step down at the end of March.

Business • 26 Jan 24

In November, Dr Martens issued its fourth profit warning in 12 months, blaming tepid demand for its pricey boots and a lacklustre autumn-winter season

Dr Martens' revenue down 21% after weak December

Britain's Dr Martens has today posted a 21% drop in third-quarter revenue, as the struggling bootmaker continued to grapple with weak wholesale demand.

Business • 25 Jan 24

New accounts filed by the family owned Shaw and Sons Ltd show that pre-tax profits decreased by 71% to €2.5m

Revenues surge 30% at Shaw & Sons' 16 department stores

Revenues at the firm that operates 16 Shaw & Sons department stores this year surged by 30% to €68.79m.

Business • 28 Dec 23

Mango said it had opened 130 new stores in 2023 and revamped another 80

Spain's Mango to open 500 new stores globally by 2026

Spanish fashion company Mango plans to open 500 new stores by 2026 in key markets such as the US, Canada, France, Italy, the UK, India and at home, the unlisted retailer said today, forecasting record sales this year.

Business • 20 Dec 23

Gap's outlet store in Dublin (Pic: RollingNews.ie)

Gap to close all its Irish and UK shops

Retail giant Gap has announced it will be closing all of its stores in the UK and Ireland by the end of 2021.

Business • 01 Jul 21

Next said it made a pre-tax profit of £319.6m in the 26 weeks to July 27

Next's first half profit rises on strong online growth

Clothing retailer Next made a "disappointing" start to autumn trading which it said was down to unusually warm weather, rather than uncertainty over Britain's EU exit.

Business • 19 Sep 19

The Duchess of Cambridge is among one of LK Bennett's fans

Most of LK Bennett shops sold to Byland Ltd

Administrators EY have completed the sale of the majority of the business and assets of the fashion retailer LK Bennett in the UK and Ireland to Byland UK Limited for an undisclosed sum.

Business • 12 Apr 19

Next has cautioned that the high street is set to remain 'challenging' this year

Next warns of 'challenging' conditions in 2019

UK clothing chain Next has today forecast a fourth fall in annual profit in a row as it grapples with the sector's structural shift from physical stores to online.

Business • 21 Mar 19

Next shares have fallen by over a quarter so far this year

Next reports volatile trading as H1 profit slips

Clothing retailer Next has today reported a 1.5% fall in first-half profit and said trading since July had been challenging and volatile.

Business • 15 Sep 16

Nielsen’s Global Retail-Growth Strategies Survey on grocery shopping habits polled over 30,000 respondents in 61 countries

Supermarket choice not just driven by low prices

A new survey shows that product availability and quality are the most influential factors when it comes to where Irish shoppers choose to buy their groceries from.

Business • 01 Jul 16

H&M's second quarter pretax profit fell to 7 billion Swedish crowns from 8.4 billion a year earlier

H&M results hurt by strong dollar and weak demand

Swedish fashion retailer Hennes & Mauritz today reported a 17% drop in second-quarter profit as weak demand for its spring clothes added to high costs.

Business • 22 Jun 16

Ted Bake said its latest e-commerce sales jumped 32.3%

Ted Baker revenue up on online growth, new stores

Clothing company Ted Baker said revenue for the 19 weeks to June 11 had risen by 11.3%, boosted by strong demand, online growth and new stores.

Business • 14 Jun 16

SuperValu plans to create 210 jobs

Retailer SuperValu has said it plans to create 210 jobs at three new stores this year.

News • 24 Feb 14

Inditex reports nine-month profit to the end of October of €1.67 billion

Inditex reports strong pre-Christmas trading

Inditex, the world's largest clothing retailer, said sales rose 10% in the first six weeks of the fourth quarter, the run-up to Christmas, after posting flat nine-month net profit.

Business • 11 Dec 13