This morning.
Mary Street, Dublin 1.
Tanaiste Leo Varadkar (above centre) and CEO of Primark Paul Marchant (above left)announce significant investment in the Irish market with the creation of hundreds of new roles.
Penneys to create 700 jobs in €250m investment (RTÉ)
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Bankrupt in under 5 years,whoever is selecting sites in states has got it all wrong,they have no visible online strategy or experience,this model is dead.There is a market gap or lots vacancy due high levels bankruptcy in retail,that Pennys seeks to fill,it’s a fatally flawed strategy.
Paul Marchant is living in cloud cuckoo land.
€362m profit in 2020 despite the pandemic.
And most likely because of.
Gone are the tailored suits of the formal office workplace.
… down from last year’s total of £913m.
this came up in conversation during the first two lockdowns, the lack of online Penney’s presence. Our thinking was that a huge amount of Penney’s sales are people coming in for one thing and leaving with five things. By moving online, a lot of those on the spot purchases would disappear (not all, just a lot).
Same reason why the milk and bread in a supermarket are usually at the back, you have to pass by a lot of stuff that you ‘might’ pick up, before you get to the thing you actually need.
If they ever do move online, that’ll be a huge shift for Penney’s and if they do, I’d say their how they do business will change drastically to match.
…it’s all a bit ‘milk and bread’ or basic,like who even buys them anymore ?
(those or them that do have FA disposable income:)
Here’s an explainer as to why they don’t currently sell online.
https://www.rte.ie/brainstorm/2021/0208/1195726-penneys-primark-online-shopping/
Cheap, Tacky & Disposable…
…but that’s enough about Leo, how do we all feel about penneys?
BOOM!
Excellent
nicely said
I doubt he ever stepped inside a Pennys
Agreed; I doubt he’s ever been inside Penny.
Dreadful.
Shortage of women for the photo.
They’re all inside, silly.
Ah. A case of this type of thinking https://www.youtube.com/watch?v=BnFAOEZboq4
are Penny’s clothes made in China ?
https://www.statista.com/statistics/1102388/number-of-suppliers-of-primark-by-region/
well that’s just great
COP 26 gone out the window. penny’s disposable planet wrecking tat. not to mention the human rights issues further down the supply chain.
Surprised with LV for taking this photo op