Friday October 23, 2020

SECTOR VIEW: Retailers hope festive cheer continues

After a strong Christmas, many retail firms will be hoping that sales increases will last beyond the January sales, writes Philip Connolly.

17th January, 2013
“Everyone in the sector is waiting with baited breath to see if the tentative signs of recovery that we saw around Christmas and the new year will actually turn into a sustainable recovery.”

The retail sector has already had a difficult start to the year as HMV fell into receivership. However, there are also some signs that some firms are recovering, such as Primark - which operates under the Penney’s brand in Ireland - where revenue rose 25 per cent in the company’s first quarter, which ended on January 5th.

We spoke to Stephen Lynam, director at IBEC group Retail Ireland, about how 2013 is...

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