![]() The company owes Bord Gais €2.5 million and electricity supplier Energia €900,000. Louth, sought the protection of the courts due to difficulties caused by the rise of gas and energy prices which have doubled between 20. This week, Premier Periclase Ltd, which employs 94 people in Co. Rising fuel and electricity costs are also having an effect. It’s reported that employer organizations have been called in by the government and briefed to expect a lockdown in the middle of January.Īnd it’s not just Covid that threatens the Irish economy. Retail and hospitality are not the only sectors facing into the coming year with trepidation. But there will be no relief for consumers, with the industry group Retail Excellence warning that there will be higher prices in shops from next spring on. Rising product costs and consumers worried about finances post-pandemic all point to a perfect storm with retailers having to absorb additional pain in the short to medium term. This grim forecast follows latest official figures showing the annual rate of inflation hit a 20-year high in November, with consumer prices up 5.3 percent year-on-year. ![]() ![]() Storm clouds are gathering for retailers in 2022 with inflation in Ireland predicted to peak at six percent by mid-year. Impressive when set against the total for the U.K. Ireland had over 5,500 new e-commerce sites setting up during 2020, the latest figures available. These are exceptional challenges with a not-so-bright future for brick and mortar stores as Covid has accelerated the shift to online shopping heralding changing consumer behaviors and attitudes. ![]()
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