A spokesman from Dunnes Stores has declined to comment on reports that the Irish retailer is planning to move out of its store on Grafton Street, according to the Irish Times.
It has been speculated that Dunnes are looking to depart from its former flagship store on the busy city centre street, which extends over 185 square metres with three retailing floors.
The store has grown, and there is not enough floor space for the retailer’s fast-growing fashion range, which includes Paul Costello, Peter O’Brien and Carolyn Donnelly.
Dunnes has the same offering inside the Stephen's Green Shopping centre, along with a food hall and a level for household good.
The store there is a major player in the shopping centre.
According to the Irish Times, Dunnes has rebuffed a number of offers for the Grafton Street space, which it has owned over the last 24 years.
It is reported that fashion lines from high-profile companies, such as the Inditex Group, which owns Zara, Pull & Bear, Massimo Dutti and Bershka, with interest coming from brands like Stradivarius and Gap as well.
The Irish publication added that any group that takes over the plot of land could face rents of at least €750,000 to €850,000 - depending on which side finances any refurbishments of the store.
Interest in the site comes as the area behind the Dunnes outlet is being redeveloped to make room for five new large-scale shops.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.