Retailers fear as Habitat closes

More city centre shops and businesses will close in the current economic downturn because of a ‘‘middle market squeeze’’, high rents and a strong euro, according to the head of Dublin City Business Association (DCBA).

10th May, 2008

More city centre shops and businesses will close in the current economic downturn because of a ‘‘middle market squeeze’’, high rents and a strong euro, according to the head of Dublin City Business Association (DCBA).

The association’s recent vacancy audit has shown an increase in empty units for lease in the city centre for the first time in 11 years. Furniture retailer Habitat has closed its shops in Dublin and Galway...

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