Subscribe Login
Retail

IFA: Retail Legislation 'Must Address' Below Cost Selling

The IFA has said that proposed regulations to govern retailer-supplier relationships must include a ban on below-cost selling of products, in order to be "meaningful".

IFA President Eddie Downey said “Enterprise Minister Richard Bruton must learn from the lessons of the past and introduce regulations that will stop the outrageous discounting by retailers that occurred in the fruit and vegetable sector last Christmas, and stop such abuses for good”.

The IFA noted that the planned Competition and Consumer Protection Bill does not prohibit below-cost selling. The Bill went before the Oireachtas Select Committee on Jobs, Enterprise and Innovation yesterday.

The IFA is also calling for an independent Ombudsman, similar to the Groceries Code Adjudicator in the UK, to oversee and implement the proposed new grocery regulations governing the retail trade. “The independent Ombudsman must be able to investigate complaints and sanction compensation for suppliers who have been wronged,” said Downey.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days