EASON is searching for a new location in the city following its decision to sell its Patrick's Street store.
The company has announced the sale of the existing store to Sports Direct International.
Eason, which has five stores in Cork, is currently searching for a location to anchor a new store in the city, opening in 2021.
It is understood staff will not be impacted by the move and the Patrick's Street store will continue to operate until the move to a new location.
Commenting on the announcement, Liam Hanly, Managing Director, Eason Group, said: “The sale of the Patrick's Street property provides Eason with an opportunity to move to a new fit-for-purpose premises in Cork city centre that will meet the future needs of our customers and our employees.
“The decision is consistent with our strategy for growth for the business and responds to changing consumer behaviours in what is a very competitive and dynamic book market.”
Eason Retail plc had 19 years left on its lease of the property but negotiated an exit with Eason Holdings PLC’s as part of the sale of the Patrick Street premises to Sports Direct.
Eason opened the current 22,000 square feet store after acquiring the property from the ESB in 1986.
Eason has already appointed Bannons to commence a search for a new Cork city centre location and is confident that it will identify suitable new premises, meaning that Eason will continue to have five stores in Cork, which was a key consideration for the Board and management.
In total, Eason now has 60 stores trading under the Eason brand, 40 of which are own stores.