Primark news and archive

Primark H1 sales marginally grow as store roll out continues, offset by weaker UK market

Sales for Primark saw impact from cautious consumer sentiment in the UK for the 24 weeks to March 1, yet in other regions “good underlying growth” was largely reported by the budget retailer’s parent company, Associated British Foods (ABF). Central and Eastern Europe welcomed the highest growth in sales at 21 percent, as the company continued to...

Retail

Primark opens second store in Virginia at Potomac Mills

Irish value fashion retailer Primark has opened its second store in Virginia. Located at Potomac Mills in Woodbridge, the new Primark store spans more than 32,000 square feet and features an extensive selection of the retailer's offerings, including apparel, accessories, footwear, beauty, and homeware. The new store opening at Potomac Mills...

Retail

Queens Center announces eight new store openings amidst renovations

Queens Center in Elmhurst, New York, has announced eight recent store openings as the indoor mall undergoes internal and external renovations. New retailers to open in the shopping center include Psycho Bunny, Primark, H&M, San Wei, Burlington, Digiso, Poke Island, and Dave's Hot Chicken. Two other retailers slated to open in the upcoming year...

Retail

Primark to finalise UK click & collect roll out by summer

Budget retailer Primark has said that it will complete the roll out of its click and collect service to all of its UK stores by this summer. From February 26, the feature was introduced to a further 18 locations, bringing its number of stores kitted out with the service to 131, nearly three-quarters of its 186 British store count. In a release,...

Fashion

Primark launches new line for people with disabilities

Giant budget fashion chain Primark launched on Tuesday a line of clothing created specifically for people with disabilities. Designer Victoria Jenkins adapted the Ireland-based chain's most sold items, including jeans, T-shirts and trench coats, to suit the needs of shoppers with disabilities who want clothes that are "not only functional, but...

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Primark cuts outlook following disappointing UK and Ireland sales

Associated British Foods (ABF), the owner of Primark, has cut its outlook for the budget retail chain as like-for-like sales in the UK and Ireland dropped 6 percent, while overall sales fell 4 percent, due to a general decline in the region’s clothing market and cautious consumer sentiment. For the first quarter, spanning the 16 weeks to 4...

Retail|ANALYSIS Featured

The future of fashion is interdisciplinary: What is transforming business models in the industry?

On Wednesday, Primark announced that it will open its first store dedicated exclusively to its Primark Home line in March in Ireland, the company's country of origin. This step forward in the brand's diversification strategy consolidates an increasingly established trend among the major leaders in the fashion industry: expanding their presence...

Retail

Primark opens first Primark Home store

Fast-fashion brand Primark is going to continue to focus on the interior segment. The originally Irish company announces that it will open the first Primark Home store. Primark’s first store, dedicated entirely to its home segment, will open in Belfast from March. The store will be over 800 square metres in size. Primark’s home offering will...

Fashion |In Pictures

Primark relaunches performance category

Value fashion and lifestyle retailer Primark has relaunched its performance category with its biggest-ever collection across men's, women's and kids to meet customer demand. The 150-piece performance collection features the latest product technical innovations, including four-way stretch, sweat-wicking, breathable fabrics and shower-resistant...

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Primark boss defends practices as budget fashion brand eyes expansion

Ireland-based budget fashion chain Primark has been criticised for its record on workers' rights and the effect of its low-cost, high-volume model on the environment. But its chief executive Paul Marchant does not agree. "I don't buy the story that we can't be ethical buying from Asia," he told AFP in an interview in Dublin. In the world of...

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Primark cuts carbon emissions across its value chain

Value fashion and homeware retailer Primark reports that it has cut carbon emissions across its value chain, three years after it published its 2030 sustainability commitments, after switching to renewable and low-carbon energy. Primark said in its annual ‘Sustainability and Ethics Progress Report’ that its decarbonisation programme is beginning...

BusinessFeaturedMember

Robust retail expansion drives sales and profit growth at Primark

Primark’s revenue growth in 2024 was 6 percent to 9.4 billion pounds with like-for-like sales growing 1.2 percent. The company reported 51 percent growth in adjusted operating profit to 1.1 billion pounds, with margin recovery to 11.7 percent, up from 8.2 percent in 2023. For 2025, Primark is targeting mid-single digit sales growth as the...