Primark to invest 80 million euros to open new stores in Spain

Primark wants to grow in Spain. The Irish clothing and accessories brand announced an investment plan in the country on Tuesday. eight new store openings (at least) and the renewal and expansion of others. There is a total of 100 million euros: 80 million for the establishment of these new facilities and 20 million for the upgrading and refurbishment of existing centres. cross sea.

According to the statement, Primark will open stores in three shopping centers within the next year. lanzarote, Melilla Y Toledo; will come later jaen Y lorca; and in parallel, it will open three new establishments in Madrid with an area of ​​12,500 square meters in the heart of Madrid, where both the company’s headquarters and its flagship headquarters are located. Gran Via. Thus, two years from now there will be eleven stores in the Spanish capital. Primarkand Spain as a whole will be close to 65.

Currently, these expansion plans are not going through Barcelona, ​​but the chain will dedicate some of the money to reform and expand its holding in Europe. Diagonal Mar mall. In this case, the goal is to improve the shopping experience for customers.

“Spain is Primark’s second largest market with 56 stores nationwide”, presenting the company’s director in Spain, Carlos Inácio, in this statement. “This exciting expansion plan will create jobs, have a positive impact on the local communities we open and bring our stores closer to our customers in Spain,” the manager analyzes.

Specifically, once the expansion plan is implemented, the company expects to hire more than 1,000 people, i.e. have a workforce of 10,000 in the country. This includes both jobs dependant What trainee managers anyone department heads.

international plan

Primark’s commitment to Spain is not new. This strategy for the next two years is in addition to the strategy launched this year, which includes opening three stores in Turkey. Saint Sebastian, San Fernando Y Girona. In this sense, Spain France, Italy Y United States of Americaone of the chain’s biggest current bets.

In fact, according to this statement, the company announced two similar investments last week. United Kingdom Y France. Taken together, Primark’s ultimate goal is to expand from the 400+ stores it currently holds worldwide to 530 stores by 2026. United States of America and start processes Romania Y Slovakia.

Source: Informacion

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