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BUDGET CHAIN DEALZ will open another 10 new stores over the next year and offer 300 more jobs as it keeps up an aggressive expansion of its Irish operations.
The UK-owned, single-price retailer will open a flagship Dublin city centre store early next month as part of its three-year push into the country.
It has opened 35 stores since the first started trading in late 2011 and the latest growth drive will also include several outlets being launched over a four-week period including in Wexford, Dundalk and the second Dealz outlet in Cork
The company said it had hired 1,000 workers in Ireland so far and invested over €53.6 million in the local economy with another €4.5 million to come over the next 12 months.
Its latest jobs announcement is on top of a string of extra positions the company announced in late 2012 as part of plans to open 10 new Irish stores that year.
Fully dedicated to Ireland
Dealz chief executive Jim McCarthy said the company was “fully dedicated” to the Irish market and its expansion plans would keep creating jobs for local workers.
Total sales for its UK parent company Poundland went up more than 13% between March 2013 and the same time this year to hit nearly £1 billion (€1.27 billion), although its pre-tax profits shrunk about 19%.
At the time it already had 528 Poundland and Dealz stores open, and it was planning to set up another 60 each year, according to the company’s most recent financial report.
The news comes as a recent Retail Ireland survey found consumers’ thrifty buying habits from during the recession had become ingrained and price was the most important consideration when doing their regular shopping runs.
READ: Ireland, the recession and shopping: why we love a good bargain
READ: Shoppers still going to Northern Ireland for cheap food and alcohol
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Ah the circle is complete we bankrupted this country before, lets do it again.
Building more houses to meet demand Will be our ruination alright
you just cant win with some people
We must build tens of thousands of homes to meet demand. One developer won’t solve anything. We have an apprenticeship shortage, skills shortage and social housing shortage.
Exactly were is there a demand? Outside of Dublin in most cases there is no demand for housing.
New houses in my town are selling for 100k -150k. They can’t give them away even though they are well built and finished.
If you think a company floating for 400 million is actually going to build houses then Jesus how naive is everyone , Hotels and conference center’s will be built by the dozen, and WHEN the company goes belly up we will have another ghost estate problem. But I’m guessing the element that actually believe we would have a soft landing in 2008 are still swallowing BS.
Not building houses is as dangerous as building too mank.
20-25k a year is what we need at the moment.
We have half of that.
Look at buying or renting in many places and you’ll see the problem.
Too many mank mansions.
One new property developer/ builder entity about to enter Irish market, structured as a plc , with €400 m in equity capital, professionally run board comprised of directors who know how to assess risk, have respect for corporate governance, and with low reliance on short-term bank finance, and with access to residential sites under sensible, transparent and fair, financial arrangements with NAMA, hoping to sell on finished output at market price to a welcoming market………IMO such an entity is in with a fighting chance of cracking the nut job that is the Irish Residential Property Market.
I thought ‘LEGO’ was Danish
Build and they will come they did the last time.
They came from all over Eastern Europe to build them and of course they need somewhere to stay so we will have to build more houses and apartments and so the circle will continue. Boom boom
Housing, people actually think a listed company is going to build houses????. Hotel and conference centre’s will be the order of the day.
Out of interest. .. did you read the last paragraph?
What grounds have you to think that?
There seems rather be an over-supply of question marks in the comments industry.
Did everyone miss the fact that this company is only a year old
Went public and made €400,000,000
Plenty of personal investment or pure luck ???
Mainly personal investment. Says as much in the article.
Does the Lego photo mean anything lol.
have your say