Thursday February 20, 2020

Retail margins hit by heavy post-Christmas discounts

Retail profits are likely to be hit as stores are offering deeper discounts to attract shoppers, following a disappointing build-up to Christmas.

Emmet Ryan

Technology Correspondent

@emmetjryan
29th December, 2013
Shoppers on Grafton Street, Dublin. Picture: Feargal Ward.

Retail profits are likely to be hit as stores are offering deeper discounts to attract shoppers, following a disappointing build-up to Christmas.

Retail Excellence Ireland (REI), Ireland's largest retail industry body, has confirmed that the St Stephen's Day sales were the busiest in six years, with high street stores reporting robust footfall and increases in sales of up to 20 per cent.

However, that dropped back significantly on Friday when a gale force storm hit most...

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