An inconvenient truth for smaller retailers
Convenience stores are suffering more than the supermarket giants in the teeth of the recession. Samantha McCaughren reports
Irish shoppers were once described by a large British retailer as having ‘‘low price resistance’’ - in other words, they weren’t too fussy about prices. But with finances under serious pressure, consumers are strongly resisting spending over the odds, particularly in the grocery sector.
It is unlikely that discounters Aldi or Lidl foresaw the crash in the Irish economy, but their impeccable timing means that they are in prime...
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