Primark news and archive

Primark opens first store in Czech Republic

International retailer Primark has unveiled its first-ever Czech Republic shop, expanding its footprint across Eastern Europe. The store in Prague spans 49,800 square feet across three levels and offers a range of fashion, homeware, kidswear, and beauty products. The contemporary design also features 35 cash desks, over 50 fitting rooms, and...

18 Jun 2021

Business

Why Bestseller, H&M and Primark are resuming sourcing in Myanmar

After a military coup on 1 February 2021 caused a state of emergency to be declared in Myanmar and protests by the population against the military junta’s seizure of power were met with violence, quite a few buyers withdrew from the Southeast Asian country for the time being. After a temporary pause, some apparel companies like Bestseller, H&M...

28 May 2021

Fashion

Primark teams up with Recover on sustainable leisurewear

Fast fashion retailer Primark has partnered with innovative sustainable textile producer, Recover on a new leisurewear collection for women made using recycled materials as part of its Primark Cares range. The new sustainable women’s leisurewear collection consists of eight pieces of classic and on-trend pieces including hoodies, joggers,...

25 May 2021

Business

Primark revenue and profits hit by store closures

Primark has reported a drop in half-year sales and profit as Covid-19-related store closures continue to impact the retailer. The fast-fashion giant’s revenue fell 40 percent to 2.23 billion pounds for the six months to February 27, with the majority of its stores closed for more than half of the period. Unlike many of its rivals, Primark doesn’...

20 Apr 2021

Retail

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...

31 Mar 2021

Retail

Retailers are anticipating a post lockdown baby boom

Retailers in the UK are anticipating a baby boom post lockdown. Back in March 2020 social media was rife with jokes about an imminent explosion of lockdown babies. Whilst the “boom” has yet to reach the heights of anticipation, maternity ranges have been popping up in the UK’s fast fashion retailers as expectant mothers do not want to compromise...

12 Mar 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...

25 Feb 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...

14 Jan 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...

14 Dec 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...

4 Dec 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...

30 Nov 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...

3 Nov 2020