1. News
May 4, 2021

Irish Government announces funding for domestic retailers

The Irish Government has announced another round of the Covid-19 Online Retail Scheme for eligible Irish-owned retail enterprises.

The Irish Government has announced another round of the Covid-19 Online Retail Scheme for eligible Irish-owned retail enterprises.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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Launched by Business, Employment and Retail Minister Damien English, the €5m ($6m) grants are intended to help retailers enhance their websites and boost online retail competitiveness.

Under the scheme, eligible retailers can secure an amount of up to €40,000 ($48,012).

The Covid-19 Online Retail Scheme is designed to help Irish-based retailers who had ten or more employees on or before 29 February 2020, or who have since reached this number of employees.

The applicants are required to run a physical store and have a pre-existing online presence.

Grants given under the Enterprise Ireland-administered scheme can be used to finance the development and deployment of digital strategies backed by in-house training.

They can be used by retailers to augment their website and associated systems.

English said: “Over the last year, survival for many Irish retailers has been dependent on having an online presence. It continues to be a top priority for retailers to evolve these channels and take advantage of the new and existing local, national and international opportunities that exist through selling online.

“As Minister, I am determined to support the ambition to expand beyond the physical shop and this Scheme offers retailers the vital financial support to do just that.

“It is important for the future of retail here that in-store shopping is complemented by an improved online offering so that innovative local businesses can secure a greater share of the overall online retail spend by Irish consumers.”

Around 370 companies have received funding worth €12.8m ($15.3m) under the scheme so far.

Last month, Foreign Minister Simon Coveney revealed plans to start reopening all retail stores in Ireland this month. Stores have been closed across the country since the beginning of the year.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.