Top stories in the papers this week 17 – 24 September 2010
Campaign to prevent minors buying alcohol; Retail rent choking life out of Dublin city centre; Sainbury's to open new superstore in Bangor
Print30 September 2010
1. Small retailers’ rent burden is choking the life out of Dublin
Rising business costs for Dublin’s retail sector are closing stores and contributing to the live register and also posing a threat to the capital’s character according to the Irish Independent. With rent being the prime cost for most city retailers, smaller and more vulnerable shops are unable to compete with international outlets.
2. Campaign to stop sale of alcohol to minors
Gardai are planning a major pre-Christmas clampdown on the sale of alcohol to minors by staging undercover operations in pubs, clubs and off-licences during which children will be sent by Gardaí to try to buy drink. The Irish Times reports that the operation will begin next month and any licence holder found to be breaking the law will be prosecuted, fined up to €5,000 and ordered to close for up to 30 days.
3. Grafton Street slips from world’s retail top ten
Rents on Dublin’s Grafton Street have fallen heavily according to the latest study of rents on main streets across the world by Lisney and their international alliance partner Cushman & Wakefield. Dublin’s premier retail street has slipped from eighth position to thirteenth in the world in the past year according to The Irish Times. Rents dropped by 25.8% in the year to June, and are still falling.
4. Sainsbury’s to create 350 jobs with opening of Bangor superstore
Development work will begin on Sainsbury’s thirteenth superstore in Northern Ireland at the beginning of October near Bangor, creating and securing dozens of construction jobs writes the Belfast Telegraph. A further 350 jobs are expected to be created through the investment at Balloo Retail Park. Planning permission for the 60,000 sq ft Bangor Sainsbury’s was granted earlier this year.
5. Trim town centre site returns to market with €2.5m guide price
According to the Meath Chronicle a site of just over three acres that was to form part of the new town centre development in Trim has put been on the market again by Trim Town Council and Meath County Council. The site is zoned for ‘new town centre activities’ and joint selling agents Lisney and Smith Harrington have said the site could appeal to developers, investors and retailers.
Retail bounce boosts FTSE (Irish Examiner)
Savvy shoppers go online (Evening Herald)
‘Retail Therapy’ for Edenderry shop (Offaly Express)
CAP reform must prevent flight from the land(Sinn Fein)
Jervis in fashion with top retailers(Irish Times)
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