Penneys to open first US store

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Irish clothing retailer, Primark, trading as Penneys in Ireland, has announced it will open its first US store in Boston.

Primark has agreed a deal to open a store in Boston, at the Burnham Building in the city centre.

It's reported that over the next 12 to 18 months seven Primark stores will open across the US. Primark will lease roughly 520,000 square feet of space from Sears who will still have a presence at six of the stores.

The first of the new stores was expected to open at the King of Prussia Mall in Philadelphia, the largest shopping centre on the American east coast. This will now open in two months.

Another location will be a store in a shopping mall on Staten Island in New York City.

Primark currently operates 275 stores across Ireland, the UK and Europe. The company was recently valued at $30 billion. America will be the tenth country Primark will launch in.

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