Value fashion retailer Primark was founded in Ireland in 1969 under the name Penneys, a name it still trades under in Ireland. Its business model relies on quality fast fashion at unbeatably low prices. The retailer operates over 450 stores worldwide. It does not operate a transactional website or app, though it does provide a click-and-collect service, setting it apart from other retailers. Retail Week provides news, analysis, features and opinion about Primark and the fashion sector.
Value fashion giant Primark is making its Middle Eastern debut as it gears up to open the doors to its first-ever store in the region later this year.
Initiatives such as M&S’ Straight to Stuart suggestion scheme can help unlock smart business ideas from retail’s frontline. George MacDonald looks at how they can be used most effectively.
After Primark posted a trading update for the 24 weeks to March 1 earlier today, Retail Week spoke to parent company ABF’s boss George Weston about consumer caution in the UK, the uncertainty in the US as a result of Trump’s tariff turmoil, opportunity in a review of the UK’s ‘de minimis’ loophole and what he’s looking for in a replacement for ex Primark chief executive Paul Marchant.
Primark has reported a sales decline in the UK and Ireland, but the rest of its key markets showed growth.
Primark has unveiled its latest value campaign in a bid to change the perception of “value” and its association in terms of price and quality
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