Festive retail sales fall in Ireland

Irish shoppers are snapping-up Brexit bargains online...

Irish retailers have announced a drop-off in sales less than ten days before Christmas.

Retail Excellence Ireland reports that the fall in high-street spending is due to a number of factors, including, "a post Brexit and Trump erosion in consumer sentiment, a significant increase in online shopping into the UK and the forward movement of spending into the Black Friday weekend."

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Commenting on the trading update Lynn Drumgoole, Retail Excellence Communications Director said:

"It is disappointing to report that most sectors within the Irish Retail Industry are currently trading down against this time last year. We have witnessed a significant increase in shopping with .co.uk websites in November due to weakened sterling."

She said that the growth in the popularity of Black Friday has changed the flow of spending - meaning shoppers are spending more earlier.

Ms Drumgoole also notes that there has also been a "general deterioration in customer sentiment."

Consumer electronics, beauty and pharmacy, telecommunications, ladies wear, footwear and jewellery are all trending downwards compared to last year's sales - while logistics companies are reporting a 30% to 80% increase in packages arriving into the country from the UK.

"We still have a lot to fight for with a full week to go with two very important Saturdays, however at this juncture the situation is concerning," the group concludes.