Fashion giant boosts retail sector with 250 jobs
Published 04/10/2010 | 05:00
A MAJOR US fashion retailer promised yesterday to create 250 new jobs next month with the launch of its first European outlet in the Jervis Shopping Centre, writes Patricia McDonagh.
The Los Angeles-based multinational retailer Forever 21 is to open its doors to the Irish public at the centre in mid-November.
And in a further boost to the jobs market, the US commercial information firm Dun & Bradstreet (D&B) will also announce today that it will create 50 new jobs this year in Dublin.
The announcements come in the wake of mounting concern at the level of people joining dole queues as unemployment continues to rocket.
The number of people signing on remains at a record high at 449,600.
The new Forever 21 store will occupy a 69,000 sq ft unit over the ground, upper ground and first floor levels.
This space was previously occupied by the Arnotts Project, which closed in March of this year after Arnotts pulled out of its lease to lower its overheads.
Forever 21 opened its first shops outside California in 1995 and has gone on to become highly successful with an annual turnover of €2.3bn.
It currently has 460 shops in 15 countries, and recently opened a 91,000 sq ft flagship store in New York's Times Square.
Last night the firm's chief executive Dong-Won Chang confirmed the move.
"Forever 21 is very proud to expand into Ireland with the launch of the ideal store location at Dublin's Jervis Centre," said Mr Chang.
Enterprise Minister Batt O'Keeffe heralded D&B's decision to create 50 new jobs.
The move will result in the firm creating 150 jobs in Dublin before the end of next year.
D&B Business Information Solutions Limited already employs 40 workers in highly skilled positions in Sandyford, Dublin, after setting up a strategic business centre there earlier this year.
Recruitment is now under way for researchers, software developers, analysts and support staff.
"D&B's decision to ramp up its recruitment drive shows confidence to hire and to invest is returning to the economy and our high-calibre graduates are exceeding the expectations of global market leaders," said Mr O'Keeffe.
"The company's decision to locate a strategic centre in Dublin and recruit for more positions endorses our global standing in the international services sector and prospects for economic recovery," Mr O'Keeffe added.