Golden Discs

Established in 1962 on Dublin’s Tara Street, Golden Discs is Ireland’s oldest home-entertainment specialist retail chain, with approximately twenty outlets nationwide, together with an online store. Their current offering includes music and film in physical formats, audio playback equipment, and pop-culture merchandise.

Golden Discs
TypePrivate (registry number: 26481)
IndustryMedia/Music retail
FoundedJuly 1, 1962 (1962-07-01) in Dublin, Ireland
HeadquartersDublin, Ireland
ProductsRecords, CDs, DVDs, Accessories, Merchandise
Websitegoldendiscs.ie

The chain's presence around the country had diminished in the early part of the 2000s, making a significant loss by 2008 [1] and entering examinership in 2009,[2] with multiple store closures during this period. It returned to profitability in 2013 [3] and has expanded its retail footprint since.

In November 2016 it was announced that Golden Discs concessions would move into more than half of Tesco Ireland's stores as part of a 3 year commercial agreement. "Golden Discs at Tesco" concessions operated as standalone units within Tesco stores offering CDs, DVDs and Games. The agreement made Golden Discs Ireland’s largest home-entertainment retailer with 96 locations nationwide. This agreement came to an end in 2019.

In 2017, the company set about its first attempts at expansion since the national economic recession with the opening of three new branches in November of that year located in The Square Town Centre, Tallaght, Main Street, Wexford and a pop up shop at 52 Henry Street, Dublin 1. There was also a complete overhaul of the website to include a new web store, which gave customers more access to their full product offering.

In 2018, stores opened in Navan Town Centre Shopping Centre, Co Meath, Market Cross Shopping Centre, Kilkenny and Liffey Valley Shopping Centre, Dublin.

In 2019, an increase in turnover to €13.2m and profits to €192,000 was cited as being down to an increase in sales of vinyl.[4] The company opened new stores in Sligo, Tralee, (closed in 2022) Drogheda and Jervis Shopping Centre, Dublin 1 while closing one store in Swords, Co Dublin.

Current locations

20 branches are currently located in Dún Laoghaire Shopping Centre, Dundrum Town Centre, Stephen's Green Shopping Centre, Jervis Shopping Centre, The Square Town Centre, Tallaght, Liffey Valley Shopping Centre, Blanchardstown Centre, Patrick Street Cork, Wilton Shopping Centre, Athlone Town Centre, Showgrounds Shopping Centre Clonmel, Johnsons Court Sligo, Cruise's Street Limerick, Navan Town Centre Shopping Centre, Whitewater Shopping Centre Newbridge, Main Street Wexford, Market Cross Shopping Centre in Kilkenny and City Square Shopping Centre in Waterford City.

References
  1. "Golden Disc losses rise to €1.58m". The Irish Times.
  2. "Examiner appointed to Golden Disc group". The Irish Times.
  3. "Golden Discs records first profit in more than five years". independent.
  4. Taylor, Charlie. "Vinyl renaissance helps boost revenues at Golden Discs". The Irish Times.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.