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Primark’s €40 Million Expansion Brings 500 Jobs To Portugal

Penneys store building

Fashion retailer Penneys, known as Primark outside of Ireland, has announced a €40 million investment to expand its presence in Portugal. 

This expansion will include opening four new stores, creating 500 jobs, and increasing its selling space in the country by 30 percent. 

This will bring the number of Primark stores in Portugal to 14, with the first opening in 2009.

This investment is part of Primark's broader growth strategy to expand in new and existing markets.

The company aims to reach 530 stores by 2026. 

Primark recently entered its 17th market by opening its first store in Budapest, Hungary. 

employer

The company also invests in Ireland, and a new store is set to open in Bray, Co Wicklow, this summer.

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Nelson Ribeiro, Head of Sales for Primark Portugal, said: "Since opening our first store 15 years ago, we have built such a strong business here with a huge base of loyal Primark customers.

"Primark is a retailer built entirely around our stores, so we know that a big part of our success is our committed retail colleagues who have supported us every step of the way and have been our best ambassadors in helping Portugal fall in love with Primark. 

"We are excited to keep growing, investing in more stores, creating even more jobs, and introducing even more Portuguese shoppers to our incredible style and value.”

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