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Retail Struggles, Hospitality Holds | Galway News

Retail Struggles, Hospitality Holds | Galway News

Published 1 month, 1 week ago
Description

Business insolvencies are surging across Ireland, with nearly 450 cases in the first half of the year—Dublin leading with 219, followed by Cork (47) and Galway (36). Retail is hit hardest, up 33% year-on-year, while hospitality shows signs of resilience with a 25% drop in failures. Overall insolvencies remain steady compared to 2025, revealing a fragmented economic landscape where some sectors struggle while others hold strong. The PwC Insolvency Barometer underscores ongoing challenges and evolving trends that will shape the business climate.

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