Primark news and archive

Primark opens first store in Slovakia

Fashion retailer Primark has entered its 16th international market with its first store in Slovakia as part of its ambitious growth plans in Central and Eastern Europe (CEE). Primark has invested more than 10 million euros in the new 39,400 square foot store in the Eurovea Shopping Centre, Bratislava, and created over 200 jobs locally. The...

Fashion

Primark unveils Bridgerton-inspired collection in latest Netflix collab

Primark has revealed its latest collection made in collaboration with Netflix, inspired by the platform’s popular Bridgerton series. The 23-piece line, which is now in select Primark stores globally, includes an array of licensed products inspired by Shondaland’s creation, including items of womenswear, nightwear, accessories, homeware and...

Retail |REPORT Featured

WRC 2023: Retail giants share the industry's key insights

For yet another year, this week the World Retail Congress brought together some of the world's most important leaders in fashion and retail as drivers of consumer trends and representatives of the current state of retail. The 2023 edition of the WRC took place in Barcelona. Experts from retailers such as Mango, Primark, Zalando, Sephora, Spanish...

Retail |WORLD RETAIL CONGRESS

British speakers at the WRC 2023, spearheaded by Primark, united against Brexit

If there is one thing the speakers from British companies made clear during the last day of the World Retail Congress 2023 in Barcelona today, it is that they are unhappy with the negative consequences of Brexit, a view that Primark CEO Paul Marchant echoed in his speech yesterday. As well as calling for more recognition for retailers as...

Retail

Primark profits under pressure due to weak pound and high inflation

Primark has seen an increase in foot traffic as its store visits returned to pre-pandemic levels, resulting in a 19 percent sales boost. However, despite this growth, the company's profits are under pressure due to a weak sterling and high inflation. Shares of Primark's parent company, AB Foods, fell 3.6 percent on Tuesday as shoppers prioritise...

BusinessFeatured

Primark H1 sales up 19 percent as UK, EU markets shine

Sales at fast fashion giant Primark increased 19 percent in the first half as the company experienced “strong like-for-like sales growth driven by price and volume”. The budget fashion chain made sales of 4.23 billion pounds in the six months to March 4, up from the 3.54 billion pounds it posted a year earlier. On a constant-currency basis,...

Fashion

Primark launches first circular collection

Clothing discounter Primark has launched its first circular collection, meaning a product range that has been designed keeping the end of its life in mind when items can be repaired, resold or recycled into new clothes or materials. The range was developed using Primark’s new Circular Product Standard, which is based on principles established by...

Retail

Primark increases pay for UK shop workers

Retailer Primark has confirmed it is increasing the pay of 26,000 retail assistants across England, Scotland and Wales. In a statement, Primark said that it is increasing the rates of pay for all its hourly paid store staff to 11 pounds an hour, with this rising to 11.51 pounds in London. This means that its retail assistants will be paid, on...

Fashion Featured

Primark rolls out repair workshops and commissions durability research

Fast-fashion retailer Primark is looking to educate its consumers on how to repair their clothes with a series of durability and repair initiatives to help clothes “be loved and worn for longer”. The move is part of the retailer’s commitment to give clothes a longer life and will include scaling up Primark’s free clothing repair workshops...

BusinessFeatured

Primark ups FY guidance on strong H1 sales

Primark has upped its guidance for the full year after seeing robust sales growth in the first half of the year. In a pre-closing trading update, the company said it expects half-year sales to be 16 percent above levels from the prior year as it continues to rebound from the pandemic. On a like-for-like basis, sales were up 10 percent, with the...

BusinessFeatured

Primark reports record Christmas sales

Primark, part of Associated British Foods plc said in a trading update that footfall during the Christmas period was strong in both the UK and the Eurozone, and sales were 18 percent ahead of last year at actual exchange rates and 15 percent at constant currency to 3.15 billion pounds. The company's like-for-like sales were 11 percent ahead,...

BusinessFeatured

H&M, Zara and Gap among brands found to be unfairly treating Bangladesh suppliers

A new report by Transform Trade has found a number of major high street fashion retailers to be paying and treating their Bangladeshi suppliers “unfairly”. The likes of H&M, Gap, Next, Primark and Zara are among the brands named for paying factories below the cost of production. Entitled ‘Impact of Global Clothing Retailers’ Unfair Practices on...