Primark news and archive

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...

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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...

Retail

Primark to open first store in Texas in December

Value fashion retailer Primark has confirmed that its first store in Texas, US, will open at the La Plaza Mall in McAllen on December 12. The store will span 37,000 square feet and will offer the retailer’s value fashion for the whole family, including everyday essentials such as denim starting at 10 US dollars and T-shirts at 4 US dollars,...

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Primark to open first store in Manhattan

Value fashion and lifestyle retailer Primark has confirmed it will open its first store in Manhattan, New York City, as it continues to push forward with ambitious plans of opening 60 stores in the US by 2026. The Manhattan store will be located in Herald Square, directly across the street from Penn Station, the most highly trafficked train...

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Primark debunks the myth that price equals quality and durability

Value fashion retailer Primark, part of Associated British Foods, has launched a new durability framework, as it states it is possible to create affordable fashion that lasts, debunking the myth that price equals quality, with research showing five pound T-shirts can last as long as, or longer than, their pricey counterparts. The durability...

Fashion |Beauty

Primark launches biggest ever Breast Cancer Awareness collection

Value fashion retailer Primark has launched its biggest-ever range of products to provide support and comfort for those affected by breast cancer in the UK to mark Breast Cancer Awareness month this October. The 37-piece Breast Cancer Awareness collection is made up of two ranges, with prices starting at 4 pounds. The post-surgery range includes...

Retail

Primark continues to expand its click-and-collect service

Value fashion and homeware retailer Primark is continuing to expand its successful click-and-collect service to another 50 stores by year-end, as well as adding menswear and homeware to the offering for the first time. Primark will expand click-and-collect to 54 more stores before the end of this year, as the retailer marks its 50th year on the...