Two leading fashion retailers that use the IRP e-commerce platform to sell their collections online have seen a combined increase in sales of almost 400% in the past six weeks.
DV8 Fashion, who has 50 stores on the island of Ireland and offers a portfolio of the world’s best fashion retail brands, as well as family run womenswear retailer Jonzara, whose anchor store is in Lisburn’s Bow Street, have seen an explosion in online sales since the latest lockdown restrictions temporarily closed retail outlets across Ireland.
Selling mainly to customers in the UK and Ireland, the IRP platform also shows through data from its Insights Terminal, that shoppers in the Republic of Ireland are seemingly at the front of the queue when it comes to purchasing a new wardrobe, with combined sales for DV8 and Jonzara increasing by 500% over the same period in 2020.
Philip Macartney from IRP Commerce, the e-commerce platform that has transacted over £1 billion in online sales for Irish companies puts the increase in clothing sales down to several factors including the new regulations introduced for online retail on the back of Brexit.
“A percentage of sales are down to seasonal changes as we move from winter into spring and also because many of us have more disposable income as we aren’t going on holiday this year. However, after closely studying data from the IRP Insights Terminal, we believe the uplift is because shoppers in the Republic, when purchasing from Northern Irish retailers, do not incur the VAT and excise duty costs they currently face when shopping from an online retailer in Great Britain.
“Ultimately our IRP Insights show that our Irish customers, such as DV8 and Jonzara have an excellent opportunity to sell to their domestic market and outperform significantly in terms of online growth. Our team and technology and the IRP ecosystem as a whole, have delivered in very challenging circumstances and proved yet again that our profit focussed approach is the best road to success for Irish retailers in online selling.”
More information on IRP Commerce can be found here