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Dunnes Stores Seeks Bidders For Glasgow Store

Published on Jan 30 2018 10:22 AM in Retail tagged: Dunnes Stores / Clyde Shopping Centre

Dunnes Stores Seeks Bidders For Glasgow Store

Dunnes Stores is reportedly seeking bidders for its six-storey Sauchiehall Street store in Glasgow after closing its doors four months ago, reports The Times.

The Irish retailer also reportedly closed a long-standing store in Clydebank’s Clyde Shopping Centre at the same time.

It still has operations in the Forge Shopping Centre in Glasgow’s East End and the Antonine mall in Cumbernauld.

CBRE is selling the 4,300 sq metre art deco store, which has been dubbed 'one of the best pitches on Glasgow’s prime shopping street'.

Top Grocery Retailer

Closer to home, Dunnes retains the position as the top grocery retailer in Ireland.

According to the latest Kantar Worldpanel figures in Ireland Dunnes Stores, sits on 23.0% market share, 20 basis points ahead of industry giant Tesco and 60 ahead of Musgrave-owned SuperValu.

Dunnes performance has been achieved with practically no new store openings in recent years, rather than store refurbishments, such as at its Cornelscourt flagship in south Dublin.

As Dunnes Stores has grown, so it has regularly been mooted as an acquisition target, with the likes of Asda, Sainsbury's and others reportedly linked with a move for the chain - which before now has rebuffed any approaches.

© 2018 - Checkout Magazine by Donna Ahern

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