Donaghy shoes make £100,000 investment to support online growth
A family-run business in Banbridge is creating four jobs following a £100,000 investment that was part supported by Danske Bank.
Donaghy Shoes are committed to expanding their business and have welcomed continuous growth from both its online platform and exports. The investment will support the retailers online growth as well as the expansion of its 25,000 sq ft store.
Their online store was launched in 2010 and has progressed rapidly over the past three years, with 90 percent of their sales now going to Great Britain.
“With the closure of many high-street shoe shops in Great Britain, we saw an opportunity to grow our business through our online platform,” Director Peter McVeigh said.
“At the same time, our Banbridge store is as popular as ever and we have expanded into clothing,” he added.
“I think people still appreciate being able to walk into a store and try on different shoes and we're priced competitively compared to online retailers. We're also selling through Amazon and eBay."
The retailer switched to Danske Bank last December, a decision that has helped them deal with the online demand.
“The systems within Danske Bank are ideal for worldwide e-commerce operations as we operate in pounds, dollars and euros. Having the facilities and flexibility to work with different currencies is vital in the fast-paced world of e-commerce," Peter said.
“In the next six months, we hope to develop our clothing department and further extend our existing premises. We are confident that Danske Bank can support the business and help us flourish across both offline and online channels.”
Business Acquisition Manager at Danske Bank, Danny Hughes said:
“Banbridge is experiencing a resurgence in its retail offering and it's good to see more retailers returning to the high street. Donaghy Shoes has been a key retailer in Banbridge for more than 50 years and the owners have seen many challenges in the sector over the years.
“They have shown an ability to adapt with the times, so we were delighted to be able to help the company with its growth plans and offer them the facilities they needed to work in export markets.”