All Primark articles
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News briefs
Primark plans to double its store network in Italy by 2030
Primark plans to invest €150 million in Italy by 2030 in order to double its store network to about 34 to 35 locations. The investment is expected to create some 2,500 jobs. With the opening on Dec. 12 of a store in Pontecagnano Faiano, in the southern province of Salerno, ...
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ArticlePrimark sees 2025 sales up by about 5%
Primark is targeting a mid-single-digit sales growth rate in the fiscal year ending in September 2025 as it continues to open stores in growth markets in Europe and the US and to focus on an increase in like-for-like sales in more mature markets. ”This will be supported by investment in ...
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ArticleSoggy British summer hits second-half sales at Primark
Like‐for‐like sales at Primark were expected to fall by around 0.5 percent year-over-year in the six months to Sept. 14 due to wet weather in the UK and Ireland, driven by a 0.9 percent decline in the final three months compared with 0.2 percent growth in the third quarter. Overall ...
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ArticleIntersport, Decathlon are the main resellers of clothing in France
Over the past 24 years, the sporting goods chains Intersport and Decathlon have become the main retailers of fashion clothing in France, overtaking hypermarkets, which used to control a combined 20 percent of the clothing market in 2000, according to the study Référenseigne Fashion carried out by Kantar. In 2000, ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
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ArticlePrimark does not expect severe disruption due to Red Sea tension
Primark’s sales grew by 2.1 percent on a like-for-like basis over the Christmas quarter despite a warm autumn, however they were down from an 8 percent rise in the previous three months. The British fast-fashion retailer added it did not expect severe supply disruptions from attacks on commercial shipping in ...
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ArticlePrimark expected to grow sales and earnings in 2024
Primark, the fast-fashion retailer owned by Associated British Foods (ABF), posted sales of £9.0 billion (€10.4bn) in the full year ended Sept. 16, up by 17 percent at actual exchange rates and 15 percent at constant currency rates. Like-for-like sales growth was 8.5 percent for the year. ”Trading was much ...
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ArticlePrimark recovery to boost annual profit at parent, but stock theft rising
A strong recovery at the retail chain Primark has helped its parent company Associated British Foods (ABF) to lift annual guidance again, although it warned about a sharp increase in stock theft and abuse against staff in its stores around the world. ABF said it now expected adjusted operating profit ...
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ArticlePrimark’s Q3 sales up 13%
In the 12 weeks to May 27, corresponding to its third fiscal quarter, Primark’s sales rose by 13 percent at constant currency rates to £1,998 million (€2,327m), with like-for-like sales up by 7 percent, thanks to higher average selling prices. In the first nine months of the fiscal year, revenues ...
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News briefs
Primark has room to expand its store network - financial analyst
Primark, the fast fashion retailer owned by Associated British Foods, has room to expand its store network given the low-single-digit market share in European markets and the opening of a second warehouse in the U.S., according to Richard Chamberlain, a financial analyst at RBC Capital Markets. “Our store potential ...
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ArticleInterim sales rise at Primark, but caution sounded on outlook
Primark reported a sharp rise in half-year sales, driven by higher prices and a return to physical stores after the Covid-19 pandemic, but remained cautious about its future performance amid the cost-of-living crisis and persistent inflation affecting European and U.S. clients. Associated British Foods (ABF), the parent company of the ...
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ArticlePrimark lifts guidance as consumers start shopping early for summer
Primark’s parent company, Associated British Foods (ABF), has lifted full-year guidance as consumer spending proved to be more resilient in the first half, with Britons buying early for the summer holidays and inflation easing. The group now expects adjusted operating profit in the 24 weeks to March 4 to ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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News briefs
Primark on track to open 27 stores in its fiscal year
Associated British Foods, the conglomerate that owns Primark, said that so far in the fiscal year, which started on Sept. 18, 2022, the trading performance of the clothing retailer “has been encouraging.” Primark is on track to open 27 new stores in the fiscal year, ten of them opening in ...
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Primark unveils €100m Spanish investment plan
Primark plans to invest €100 million in opening new stores and refurbish existing ones in Spain. The Irish clothes retailer, owned by Associated British Foods, will open eight new stores throughout the country, including the island of Lanzarote and the enclave of Melilla, Primark said in a statement. As part ...
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News briefs
Primark unveils £140m investment to open 4 new stores, create jobs
Primark plans to invest £140million (€163.1m) as it looks to increase footfall during the cost of living crisis hitting the U.K. The program will result in the opening of four new stores and the creation of at least 850 jobs. Associated British Food, the parent company of the fast fashion ...
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News briefs
Primark’s ‘click & collect’ trial crashes due to bigger-than-expected demand
Primark’s long-awaited online ordering trial has crashed after going live as it faced bigger than expected demand. Having resisted a move to internet shopping, the Irish fast fashion retailer decided to trial a “click & collect” service offering kids clothing, toys and nursery goods at 25 stores. However, shoppers are ...
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ArticlePrimark freezes prices and writes down German business
Primark is freezing prices despite soaring inflation and is also taking a writedown and reviewing its store estate at its German business. The British clothing retailer recorded total sales of £7.7billion (€8.83bn) for the year to Sept. 17, up by 43 percent on last year, as U.K. like-for-like sale and ...
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ArticleManagement changes at Primark aim at boosting international expansion, digital sales
Associated British Foods (ABF), the parent company of Primark, has poached the finance chief of Marks & Spencer (M&S) and reinforced the management structure of its apparel retailing subsidiary. The two moves are expected to help Primark in its international expansion, especially in the U.S., and improve its online offering. ...
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ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
