Sunday May 31, 2020

Chasing Value: Resilience is essential to the survival of businesses on the border

With sterling weak against the euro in the wake of Brexit, are shoppers flocking North?

17th July, 2016
Despite the favourable exchange rate, some shoppers are learning to find value in their own towns, say retailers

In the middle of Monaghan town is Fleming’s department store, unmoved since 1949. It has lived through the Troubles, recessions and expansions. But the retailer’s biggest headache is a product of its geography: exchange rates.

“Retailing in Cork and Kerry is peanuts compared to retailing on the border,” said Gordon Fleming, the department store’s second-generation owner.

“Retailers around the border are always the first to react to sterling...

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