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Tag Archives: REI

Retailers concern on upwards only rent reviews

Retail Excellence Ireland  (REI) has called on the Government to deliver on the call from the National Competitiveness Council to publish the Attorney General’s determination on why Upwards Only Rent Reviews (UORRs) should not be abolished. Ennis-based, David Fitzsimons, CEO of REI, said, “This Government reneged on previous commitments to abolish UORRs. They based this decision on a determination from the Attorney General. We note the NCC’s call for this determination to be published. This would help inform the debate and enable all sides to understand why the Government reneged on its commitments.” Mr Fitzsimons said many retailers employing too many staff , are being crucified by the legacy of UORR on leases some of which last for 20-25 years and are tied to personal guarantees. “Following a review of the determination, there could be scope for better informed decisions on how this toxic legacy of the Celtic Tiger can finally be put to bed,” he said.

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Taoiseach launches Small Business Saturday

Taoiseach Enda Kenny, on  Wednesday evening, was on hand to help launch Retail Excellence Ireland’s (REI) Small Business Saturday in Ireland. Retail Ireland’s CEO, Ennis-based David Fitzsimons, said “This is a campaign which profiles small business and encourages consumers to shop locally and support jobs and enterprises in their respective communities. It is a social media and marketing campaign that provides local businesses with the collateral that they need to inform consumers on the power of their local spend.” Small Business Saturday started as a grassroots, non-political, non-commercial campaign, which highlights small business success and encourages consumers to shop local and support small businesses in their communities. The day itself takes place on the first shopping Saturday in December each year. In 2014, that is Saturday December 6. In September 2014, REI launched a Rural Town Revival document to provide guidance and motivation to stakeholders in all of Ireland’s towns and villages to work together collaboratively to design and implement a plan …

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