Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Irish retail insolvencies increase by 50%

The number of corporate insolvencies in the Irish retail sector rose by 52% in the three months to the end of June, according to a new survey.

There were 44 corporate insolvencies in the second quarter of 2015, according to statistics from Deloitte reported by the Irish Independent. This made up 16% of insolvencies across all industries in Ireland, and represented a 52% increase on the previous quarter.

David Van Dessel, a partner in Deloitte’s restructuring services division, said: “The statistics indicate that trading conditions remain extremely difficult for retailers.

“While some consumers feel they may have more to spend, the upturn in the economy is not yet being felt by all. This muted level of increased consumer spend, coupled with legacy issues such as debt levels, means that it is likely to remain a difficult environment for many Irish retailers in the coming months.”


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.