PROSPECTS AND OPPORTUNITIES
Solid prospects for department stores as footfall is expected to be positive
With the expected growth in inbound tourism, particularly from high-spending markets such as the US, department stores in Ireland are projected to continue experiencing sales growth in the forecast period. Department stores' emphasis on delivering interactive consumer experiences and consolidating specialisations is anticipated to contribute further to this upward trend in sales.
Variety stores is expected to see positive growth, however, discounters will remain a challenge
Variety stores is expected to see sales growth in the forecast period, benefiting from increased consumer interest in value-driven products. However, variety stores will face significant competition from hypermarkets and supermarkets, which are expanding their product ranges to include items typically sold in variety stores.
Department stores will face rising competition from retail e-commerce
Rising competition from retail e-commerce players and budget-friendly high street stores will significantly challenge the sales of department stores across the forecast period. The outbreak of COVID-19 notably shifted consumer behaviour towards online shopping, and some department stores struggled to regain momentum, even after reopening their doors.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Ireland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Ireland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Ireland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Ireland?
- Which are the leading retailers in General Merchandise Stores in Ireland?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in Ireland - Category analysis
KEY DATA FINDINGS
Positive growth for department stores as players focus on enhancing the consumer experience
Dealz invests in refurbishing its stores to improve both the staff and customer experience
Dunnes Stores Ltd gains permission for new landmark development in Crumlin
Solid prospects for department stores as footfall is expected to be positive
Variety stores is expected to see positive growth, however, discounters will remain a challenge
Department stores will face rising competition from retail e-commerce
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
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