Sad to see an Irish business fail, but I don't grasp why it was impossible for Peats to compete with online business? Did they not have an internet connection? Surely Peats could have expanded to service not just walk-in customers but also markets in the UK and Europe?
I visited them a couple of times but their stock was poor and overpriced - I could always get exactly what I wanted and for far cheaper elsewhere. Just seems to be a business model that didn't evolve past the 1980s, and evolution has taken its course.