Nigel Jones Appointed as Primark’s New COO
Primark, a leading name in high street fashion, has announced a significant appointment within its executive team.Nigel Jones, an experienced leader from Tesco, has been named as the new chief…
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Primark Expands Portuguese Presence with Major Investment
High street retailer Primark is expanding rapidly in Portugal.The company plans to inject €40m into its Portuguese operations.Primark will increase its store count to 14 within the country.New stores will…
Primark Launches its First Outlet in Hungary
Primark has launched its inaugural store in Hungary, marking a significant milestone in the company's expansion into Central and Eastern Europe. Located in Budapest's Arena Mall, the store showcases Primark's…
Primark Owners Maintain Place in UK Rich List 2024
In an ever-shifting economic landscape, the owners of Primark have managed to maintain a coveted spot in the UK's wealth rankings, as reported in the Sunday Times Rich List 2024.Despite…
Primark owner ABF raises outlook after ‘resilient’ consumer spending
Food, ingredients and retail group Associated British Foods plc (ABF), which owns Primark, has upgraded its full-year outlook after stronger than expected sales growth in the first half. ABF said…
Primark’s profit margin impacted by weak pound
Primark expects its profit margin to fall next year after a strengthening US dollar raised its purchasing costs. The fashion chain also cited inflation in raw material and energy costs…
Primark to trial click-and-collect
In its first move towards online sales, Primark is planning to trial a click-and-collect service. The high street retailer has long resisted selling its products online, which meant that when…
Leisurewear demand boosts sales at Primark
Primark saw strong sales of "comfort wear" this summer, but lower than expected sales overall. The discount chain's owner, Associated British Foods plc (ABF), said that sales in late June…
Budget retailer Primark achieves 22% growth in sales in 2013
A rise in sales for budget clothing retailer Primark has boosted the profits of its owner Associated British Foods, the BBC reported today. Primark's revenue increased by 22%, to GBP4.27bn,…
Primark exceeds expectations and plans expansion
Further Primark stores will continue to open, despite the retail giant seeing a dip in full-year profits. However although the stores profits are thought to have fallen 8 per cent,…
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