primark news and archive

Primark to open eight new Italian stores, creating 2,000 jobs

Primark says it will open eight new shops across Italy by late 2022, creating over 2,000 new jobs, including 140 store management positions. The new openings will bring the fast-fashion retailer’s total number of stores in Italy to 14, and will more than double its total trading space in the country to 65,000 square metres. The first of the...

Mar. 31, 2021

Business

Primark takes 1.1 billion pound sales hit from closed stores

Primark has taken a 1.1 billion pound sales hit related to lockdowns for the first half of the year, the fast-fashion retailer’s parent company Associated British Foods (AB Foods) announced Thursday. AB Foods said Primark’s performance in the 24 weeks to February 27 was “materially impacted” by lockdown restrictions across the UK and Europe, but...

Feb. 25, 2021

Business

Primark takes 540 million pound sales hit from lockdowns

Primark has taken a 540 million pound sales hit related to lockdowns, the fast-fashion retailer’s parent company Associated British Foods (AB Foods) announced Thursday. The company said that number could reach 1.05 billion pounds if all of Primark's closed stores remain closed until 27 February 2021, the financial half-year. For the 16 weeks to...

Jan. 14, 2021

Business

Primark owner reportedly joins race to buy Arcadia

Associated British Foods, the owner of fast-fashion retailer Primark, has reportedly joined the line-up of potential suitors for Arcadia Group. Arcadia, whose portfolio includes Topshop, Burton and Dorothy Perkins, called in administrators from Deloitte at the end of November after its trading was “severely impacted” by the pandemic. The move...

Dec. 14, 2020

Business

Primark takes 430 million pound sales hit from lockdowns

Primark lost an estimated 430 million pounds during the second wave of Covid-19 lockdowns, the fast-fashion giant’s parent company Associated British Foods (AB Foods) announced Friday. But the company said it managed to cut the operating costs of its closed stores by some 25 percent during the second lockdown, and that sales have been “very...

Dec. 4, 2020

Retail

Primark to open for 24-hours to cater for demand

Primark is to extend trading hours in all of its stores when England exits lockdown on Wednesday, December 2, with some flagships opening for 24-hours to cater for “anticipated higher customer demand”. Eleven stores including Trafford, Bluewater, Lakeside, Birmingham Fort and White City, will open for 24-hours from 7am on December 2 right...

Nov. 30, 2020

Business

Primark annual sales and profits take hit from Covid-19

Primark has reported an annual drop in sales and profits following a tough year of Covid-19-related store closures. For the 52 weeks to 12 September, revenue at the retailer fell 24 percent to 5.89 billion pounds, while its adjusted operating profit plummeted 60 percent to 362 million pounds. The retailer, which doesn’t sell online, has been hit...

Nov. 3, 2020

Retail

Primark joins the UN Fashion Charter

Primark has announced it has joined the United Nations Fashion Charter (UNFCCC) and has pledged to reduce its greenhouse gas emissions by 30 percent by 2030. By joining the UNFCCC, Primark pledges to adhere to the Science-Based Targets Initiative method and to reduce indirect emissions from business activities not owned by the brand that occur...

Oct. 29, 2020

People

Primark appoints trading director for menswear

Primark has appointed Jon Bennett as its new menswear trading director. He joins from Arcadia, where he has worked since 2012, most recently as global sourcing director for Topshop/Topman. Prior to that, he held senior buying positions at River Island, Next and Tesco’s F&F fashion brand. Primark said he will bring “extensive buying, sourcing and...

Oct. 8, 2020

Business

The Clean Clothes Campaign launches ‘Pay Your Workers’

The new campaign 'Pay Your Workers' focuses on garment brands and retailers with outsourced production, in particular H&M, Nike and Primark, as these brands have most frequently appeared in reports from workers about the violations of workers' rights during the pandemic. The Clean Clothes Campaign network urges apparel brands and retailers to...

Sep. 28, 2020

Retail

Primark sales to surpass 2 billion pounds after lockdown surge

At the start of the pandemic Primark was one of the first retailers to halt orders and cut production when it was forced to close its 189 UK stores back in March. Despite the three-month lockdown, Primark saw sales surge in the third quarter when its stores reopened and customers sought out value retailers. Parent company ABF said Primark was on...

Sep. 7, 2020

Fashion

Primark joins world of gaming with launch of ‘Primark Legends’

Primark launches its first mobile gaming app, Primark Legends. “Primark Legends is a fun, fast-paced, shop assistant simulator where you’ll take the role of a new member of the Team in Primark’s first digital shop and attempt to stay on your feet as a busy day unfolds,” Primark said. The goal of the shop assistant is to help customers find an...

Aug. 28, 2020