Oireachtas Joint and Select Committees
Wednesday, 13 December 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Shoplifting: Discussion
Mr. Vincent Jennings:
I do not distinguish between the sneaky shoplifter and other shoplifters because they both result in losses, as does the person who acts with aggression.
On the €1.62 billion figure and whether there would be reductions, there obviously would be after a period, but it would require a period when that is consolidated. Retailers would be able to become more competitive but, to be perfectly honest, they would need to get back on their feet first before they could do it and, in the interim, they would manage to pay wages and all the other costs that come their way. Certainly, retailers would not be pocketing it all because they are out to be competitive and to try to be competitive. We have a collective challenge. There is no doubt about it.
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