Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar has today hailed the news of a major expansion of the hugely popular retail chain Penneys.
In total, no less than 700 jobs have been announced as part of plans to expand and redevelop the retailer’s stores.
As Christmas shopping ramps up, Penneys will create 600 jobs in its stores over the next 3 years, while a further 100 will added to the brand’s global HQ in Dublin.
The 10-year plan includes opening the company’s 37th store at The Square, Tallaght in Dublin next year as well as a €75m distribution centre in Kildare.
€60m is to be invested in the company’s Patrick Street store in Cork and a further €20m in the Eyre Square shop in Galway.
Mr. Varadkar said it was a really strong vote of confidence in the retail sector.
“It’s creating significant employment with 700 new jobs and will also help to secure footfall in our towns and cities once we emerge from the pandemic.”
He added: “Penneys is one of Ireland’s best-known retailers and also an international success story, having driven significant global expansion over the last few years.”