Matt Shanahan (Waterford, Independent) | Oireachtas source

I thank our guests for participating in this meeting. There has been a great deal of discussion about where the retail sector is, but I wish to discuss the technology revolution that we are experiencing, the consumer shift and how we will address this matter through national policy. We are talking about supports for retailers at a time when there is Government policy that actively promotes an Amazon centre in central Ireland, which will significantly disrupt consumer channels further. We saw this happen previously with large furniture retailers. There is a significant disconnect in the minds of consumers between this and the importance of supporting indigenous and buying Irish. Not all companies are trading in Irish goods. Rather, they provide services. However, we must consider this matter. There is a complete evacuation of retail from towns and villages. I will be going into the Dáil shortly to discuss trying to retain the post office network in rural towns and villages, which is key to keeping some level of infrastructure and economy going.

My first question is to Retail Excellence. I have received legal opinion that upwards-only rents are not protected by the Constitution. Has Retail Excellence plans to examine this matter? Has is planned discussions with the Government on it?

The small company administrative rescue process, SCARP, was mentioned but we are yet to see how it will work out. I would like to see businesses engaging early where possible.

I wish to discuss the dominance of multiples. Does Retail Excellence have any policy on trying to tackle it? It is a significant problem in the retail space, in particular where the purchase of Irish goods is concerned.