The latest report published on the economy highlights the problems the recession has caused for retail traders.

The tightening grip of the recession and subsequent slowdown in consumer spending means retailers are feeling the pinch, and tills are silent even when sale signs adorn goods in so many shop windows.  

A surge in the purchase of electrical items prior to the most recent VAT (Value Added Tax) increase was a definite boost for retailers, and furniture sales are doing well at the top end of the market. The recession has also hit the tourist trade, and the poor summer has affected fashion lovers, who seem in no mood to shop for clothes.  

Giving customers value for money and more aggressive marketing strategies are required for the second half of this year, says Switzers General Manager Tom Rea, as  

I think it's going to be a challenging time for all retailers. 

An RTÉ News report broadcast on 30 August 1980.