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Penneys Puts Dundrum Town Centre Expansion Plans On Hold

Published on Mar 31 2020 3:18 PM in Retail tagged: AB Foods / Penneys / Dundrum Shopping

Penneys Puts Dundrum Town Centre Expansion Plans On Hold

Penneys has but its expansion plans  in the Dundrum Town Centre on hold until further notice, due to the virus pandemic.

“In light of the current situation, all expenditure is being reviewed and these negotiations are on hold," a Penneys spokesperson said. 

"Our current priority is to support our people and the business through this pandemic and we look forward to resuming business as usual as soon as possible once our stores re-open.”

Located in the outer suburb of Dublin, the hopping centre said that in line with the latest government guidance all of its 169 stores are currently closed, with the exception of essential businesses such as food stores and pharmacies, and selected restaurants which offer takeaway or delivery.

Anchor retail tenants at the Dundrum Town Centre includes Tesco and Marks & Spencer.

Store Closures

Penneys announced the closure of all its stores across the country on 19 March.

This followed the announcement on the 16 March, by its owner Associated Foods that all 376 of its stores in 12 countries are now closed, until further notice.

 

Primark generates about half of the diversified international food, ingredients and retail group's revenue and profit.

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