The Irish 'low cost' fashion firm Primark reinforces its commitment to Spain after announcing a plan that includes the opening of eight new establishments, the remodeling of existing stores and the hiring of more than 1,000 employees in two years. In total, the company plans to invest 100 million euros.
"This exciting expansion plan will generate employment, have a positive impact on the local communities where we are opening and bring our stores closer to our customers throughout Spain," Carlos Inacio, Primark's director for Spain, said in a statement. Specifically, the firm will allocate 80 million to new openings and the expansion of its establishment in Diagonal Mar (Barcelona). The rest, 20 million, will be devoted to improving and renewing the network of existing stores.
The plan plans to increase Primark's workforce in Spain by 11%, so the number of workers hired by the company in the country will rise to around 10,000 by 2024. The new positions -which will be full-time and part-time- will be for shop assistants, trainee managers and department managers.
In this new expansion of the company in the country, Primark will land for the first time in Lanzarote, Melilla and Toledo, three openings that will take place in the coming months. It will also open new stores until 2024 in Jaén, Lorca and Madrid, which will have three new stores. The chain, which landed in Spain 16 years ago, currently has 56 stores throughout the country and 409 worldwide. However, its growth plan foresees reaching 530 stores by the end of 2026, with a significant expansion in the United States and its foray into Romania and Slovakia for the first time.
In addition to its plan to continue growing in the Spanish market, the company announced an investment of 140 million pounds - about 162 million euros - in the United Kingdom and 100 million euros in France.