Oireachtas Joint and Select Committees
Tuesday, 28 November 2017
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Cost of Doing Business in Ireland: Discussion (Resumed)
4:00 pm
Mr. Jimmy Redmond:
Mr. Jennings is right in that we do not have an issue in terms of actual pop-up shops but we do have illicit trade. However, our biggest pop-up shop competitor would be the below cost selling from the multiples which is sucking potential customers away from me and other businesses like mine. They then do a VAT reclaim off the Exchequer. We have a pop-up scenario but it is in a different format. All of that impacts on our profitability, turnover and ability to meet our ongoing costs.
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