Irish retail spots high on wish list of international traders

DESPITE THE fall-off in consumer spending in recent years, Ireland is continuing to attract international retailers to its main…

DESPITE THE fall-off in consumer spending in recent years, Ireland is continuing to attract international retailers to its main shopping precincts. A new report by property adviser CBRE shows that Ireland has maintained its position as 32nd most-targeted market for international retailers.

The survey has found that despite tough trading and economic conditions, the Irish retail market ramains on the radar of global retailers aiming to expand their footprint in new markets.

On a city level, Dublin and Cork both grew at the same rate as more internationally diverse markets such as Singapore, Los Angeles and Madrid, showing that retailers still regard the Irish market as an important European location, according to CBRE.

The survey tracked 326 of the top retailers across more than 200 cities to identify retail expansion.