Nearly half of retailers considering a reduction in hours due to rising costs

The survey was conducted by Retail Excellence also found that 35% are contemplating increasing prices

Retailers have said the potential for redundancies "loom large" as the cost of doing business increases. 

Retailers have called for urgent Government action over the rising cost of doing business as a new survey shows that nearly half are considering reducing operating hours while a third may look to raise prices as they try to make ends meet.

The survey was conducted by the representative association Retail Excellence on 128 retail companies which combined have approximately 3,000 stores across Ireland.