Penneys to create 700 new jobs with 250 million euro investment

The transcript discusses Primark's significant investment in Ireland, creating 700 jobs, with 600 in retail stores and 100 at the head office. The company plans to expand globally, adding 130 stores, including 60 in the US. The focus remains on bricks and mortar stores, driven by customer loyalty and demand. Despite challenges in the retail sector, Primark is confident in its product offerings and staffing levels, having effectively managed supply chain issues.

How many jobs are being created in Ireland as part of the investment?

• 600 jobs

• 500 jobs

• 800 jobs

• 700 jobs

What is the company's belief regarding the future of retail?

• Home delivery will dominate

• Pop-up stores are the way forward

• Bricks and mortar stores are essential

• Online shopping is the future

What has been a significant challenge for the retail sector in the past 18 months?

• Lack of customer interest

• Supply chain disruptions

• Increased competition

• High rental costs

How has the company addressed supply chain issues?

• By increasing prices

• By limiting product range

• By reducing store hours

• By working closely with suppliers

What is the company's approach to staffing during the holiday season?

• Reducing staff hours

• Hiring temporary workers

• Outsourcing customer service

• Maintaining a good complement of staff