While the two retailers have both reportedly denied that they plan to sell below-cost, the contrast to the selling situation here at home could not be more stark.
Question: What’s against suppliers here trying the same withholding of supplies stunt with the below-cost selling multiples here in the Emerald Isle?
Answer: John Bull and the rest of Europe in such close proximity, that’s what!!
Under such convenient geographic conditions, parallel importing has become a huge problem for Irish-based suppliers.
The only answer is to reduce domestic input costs and thus market prices here — and that’s something that only a super-strong Government could undertake. Any takers?