Irish retailers are calling for ‘major interventions’ to keep the lights on this Christmas

Retail Excellence has warned the government that greater intervention on energy bills is required in the coming budget.

The lobby group says government help is needed to keep businesses lit up for Christmas.

The industry group’s warning comes as 400 retailers gather at the Retail Excellence Retreat at the Carton House today.

Retail Excellence chief executive Duncan Graham said Irish retailers face major challenges in the coming months.

“Retailers of all sizes are grappling with unprecedented energy bills that are threatening the livelihoods of thousands across the country,” he said.

Retail excellence calls for energy cost containment to be a priority ahead of the industry’s busiest season.

“Our members don’t like uncertainty and a cap on energy costs would ensure that retailers could plan for at least the coming months with the certainty that they won’t have to face any more price increases,” said Graham.

He added that without the introduction of an energy price cap, retailers are likely to experience a bad holiday season for the third consecutive holiday season.

“Many of our members will not be able to withstand this pressure,” he said.

The lobby group is also urging the government to consider reducing the VAT rate while more support is needed to help retailers make the transition to online trading.

Mr Graham also pointed to ongoing staffing issues that remain a concern in the industry.

“We have been asking the Government for some time to ease visa restrictions to bring foreign workers back to Ireland after losing so many during Covid,” he said. “This would provide a significant boost to the retail industry at a time when we need it most.”

https://www.independent.ie/business/irish/irish-retailers-call-for-major-intervention-to-keep-lights-on-this-christmas-41968155.html Irish retailers are calling for ‘major interventions’ to keep the lights on this Christmas

Fry Electronics Team

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