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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