Tesco Ireland has announced its plans to spend €80 million this year on eight new store openings, extensive store refit and refurbishment upgrade programmes, and ongoing maintenance of its growing property portfolio.
According to the retailer, the investment will be used to open new Express stores, carry out significant upgrade projects for 50 stores, and for maintenance across the store network.
Two Oaks Express Store
The details of the investment come as the retailer is set to open its 167th store on Scholarstown Road, at Two Oaks, Rathfarnham, in South Dublin on 7 September.
The Two Oaks Express store spans almost 2,000 square feet and will be led by store manager Stephen McGrane and a team of 12 colleagues.
The store is based in a busy residential area, ideally suited to customers looking for convenience and choice within minutes of where they live and work.
In addition to Two Oaks in Rathfarnham, three more Express stores will open in Dublin by the end of the year, as well as other stores in Cork and Waterford.
These new stores will create over 100 jobs in local communities, as well as internal role transfers for existing colleagues, and will also open up new management and career opportunities.
Ambitious Development Strategy
Commenting on the announcement, Geoff Byrne, chief operating office, Tesco Ireland, said, "We have an ambitious development strategy for the business and are very excited to be expanding our Tesco Express model.
"We remain as committed as ever to delivering a rewarding shopping experience for our customers, which offers real value," he added.
Byrne said that the Tesco Express model is proving very successful in urban settings and reflects evolving consumer demand for greater convenient shopping opportunities in high footfall areas.
The retailer recently rolled out its Clubcard Prices offering to Express format stores, which is proving to be popular with convenience customers.
Through Clubcard, of which there are over one million members, customers have access to exclusive deals on everything from everyday staples to treats, while also being rewarded with Clubcard points.