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New Penneys

DISCOUNT clothing store Penneys recorded a strong first six months this year and has scheduled further store expansion later on in the year.

The company, which is owned by Associated British Foods (ABF) and trades as Primark, saw a 17pc rise in sales.

In the last few weeks, Primark has opened two new stores -- one in Britain and one in Spain -- and is planning to open another five by the end of 2010. At least one of these will be located in Ireland, with an opening in Killarney on the agenda in the coming months.