Briefly Noted | Loss-making Eason faces boardroom shake-out – Irish, Business – Independent.ie
An interesting piece on Eason from the Sunday Independent this weekend. Of note is the dramatic loss in sales from the migration of much of the passenger footfall to Terminal 2 in Dublin Airprort, not doubt the fall in Eason’s sales will crop up more less in WH Smiths sales, given that they hold the locations in Terminal 2:
In the Republic of Ireland, Eason saw its turnover fall by 4.6 per cent to €117.7m, excluding its units in Dublin Airport. The performance was strong relative to its markets, which is down 10 per cent.
Sales from Terminal 1 in Dublin Airport fell by 36 per cent to €10.7m due to the migration of Aer Lingus and long-haul flights to Terminal 2, where Eason has no shops. Eason said its franchise business was helping to offset declining sales, with four new franchise stores opening during the period.