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The Deloitte Consumer Review
The Irish high street – what lies ahead?
Welcome to the first edition of the Deloitte Ireland Consumer Review.
The high street as traditionally known is a centre that serves the needs of the local community and includes facilities other than retail, such as social and cultural facilities, as well as public and private services. Typically, the high street is close to the centre of the town, and in close proximity to the central business district and other nonretail businesses. The high street in Ireland has faced unprecedented challenges over the last number of years, most notably the downturn in the Irish economy which resulted in declining sales volumes and increased liquidity pressures for retailers.
In our inaugural edition of the Deloitte Consumer Review, we consider the impact of the economic downturn on high street retailers in Ireland and consumers’ satisfaction, with and opinion of, the high street. We discuss the transformation of the high street as the economy stabilises, and discuss the future of the high street. Also, we present our first edition of the Deloitte Consumer Tracker, aimed at monitoring consumer spending attitudes and behaviours on a biannual basis.