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Almost three-quarters of Irish retailers have actively sought a rent reduction from their landlords since the start of the year, it was revealed by industry body Retail Excellence Ireland (REI), in a survey of 180 of its member firms, representing more than 2500 individual retail stores across the Republic of Ireland.

Unless the high rents being paid by Galway businesses are reduced “immediately”, more businesses will close down, resulting in job losses and further increases to the Live Register.