Sunday 4 December 2016

Letters: Clerys' shock closure shows that recovery is in doubt

Published 15/06/2015 | 02:30

Clerys on O'Connell Street, Dublin, which closed its doors on Friday
Clerys on O'Connell Street, Dublin, which closed its doors on Friday

The shock closure of Clerys and the loss of over 400 jobs proves that the country's recovery is in doubt.

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There are clear contradictions showing up in the economy to reprove any soothsayers who would say that Ireland is out of financial trouble.

The sudden collapse of one of the country's most famous retail landmark stores will undoubtedly send a shiver up the spine of the retail sector across the board. The store was the Irish equivalent of Harrods in London and should have been bought out long before it got to a desperate situation.

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