Primark news and archive

Primark Q3 sales up 81 percent

Primark continued its pandemic recovery in the third quarter of the year as it reported a surge in sales as shoppers returned to physical stores. Parent company Associated British Foods (ABF) said all Primark stores were open during the quarter in contrast to last year when most were closed until the middle of April due to lockdowns. It meant...

Jun 20, 2022

Retail

Primark is raising its prices this autumn, to regret of execs

The rising cost of goods is impacting high street retailers, but shoppers will be paying the price. Global supply chain disruptions, increased shipping and fuel costs and a Ukraine war now its fourth month, are all compounding inflation. Primark, one of the UK’s leading value fashion retailers, this week told the BBC it is raising prices in...

May 31, 2022

Business |Interview Featured

Primark Germany head: “We are not immune to inflation”

Since its founding in 1969, Primark has stood for affordable clothing. In this context, the Irish clothing retailer often faces criticism, especially when it comes to the issue of sustainability. The company wants to get rid of this rather bad reputation and introduced its sustainability strategy in September. It stipulates, among other things,...

May 11, 2022

Business

Primark to expand sustainable cotton programme with new partnerships

Budget retailer Primark has announced plans to grow its Sustainable Cotton Programme, pledging to add 125,000 more smallholder farmers to the initiative. The expansion will take the total of participating farmers across India, Pakistan and Bangladesh to over 275,000 by the end of 2023, which the retailer said would increase the availability of...

May 6, 2022

ManagementFeatured

Primark to raise prices amid inflation as pandemic recovery continues

Primark owner Associated British Foods (ABF) revealed Tuesday that the fast fashion retailer continues to recover from the pandemic, but warned it will raise prices to offset inflation pressure. In the 24 weeks to March 5, Primark sales came in at 3.54 billion pounds, a 59 percent increase from a year ago and just 4.6 percent below pre-Covid...

Apr 26, 2022

Business

Primark reveals new UK website

Budget retailer Primark has unveiled its new website in the UK, allowing users to easily browse its products and check stock availability. Designed as a “virtual shop window”, the site features a wider selection of Primark products spanning homeware, fashion, lifestyle and beauty. Despite still not being able to purchase online, an activation...

Apr 8, 2022

Business

Primark mulls potential click-and-collect services for its revamped website

Budget fashion retailer Primark is reportedly mulling the idea of adding a click-and-collect service to its new website, which is set to be launched in the UK this month. The global apparel chain has previously dismissed the potential use of home delivery services for its soon-to-be-launched site, which will also be available across its 13 other...

Mar 15, 2022

ManagementFeatured

Primark continues to bounce back from pandemic

Primark owner Associated British Foods (ABF) was upbeat on Monday as the fast fashion giant showed continued recovery from the pandemic. In its interim results for the 24 weeks to March 5, ABF said it expects Primark sales to be “well over” 60 percent ahead of last year, with almost all its stores remaining open during the half-year period. That...

Feb 28, 2022

Fashion

Greggs to partner with Primark on collection and in-store experiences

British bakery giant Greggs has revealed a collaboration with fashion retailer Primark, which is set to include an in-store café and official clothing range. The partnership was revealed through a video across both of the brands’ social media channels, unveiling the apparel line and a ‘Tasty by Greggs’ café experience. The duo dropped hints of...

Feb 8, 2022

Retail

Primark says it won't raise prices

British retailer Primark has said they will not raise their prices for spring/summer despite inflation. “Primark prices for the consumer will remain here they are,” John Bason, finance chief of Primark’s parent company Associated British Foods, said to Reuters. “It’s locked and loaded.” Primark’s competitors, including Next and Marks & Spencer,...

Jan 21, 2022

BusinessFeatured

Primark to cut 400 jobs across UK stores

In another hit to the UK high street, Primark owner Associated British Foods (ABF) has warned of hundreds of job cuts at the fast fashion retailer to mitigate rising cost pressures. The company said it will cut around 400 management jobs in the UK as it looks to “simplify” its in-store retail management structure. Primark is “proposing removing...

Jan 20, 2022

Management

Primark current trading 'ahead of expectations'

Primark owner Associated British Foods (ABF) has said the fast fashion giant has been trading “ahead of expectations” and expects year to date sales to be “significantly better” than a year ago. “Primark trading year to date has been ahead of expectations with improved like-for-like sales compared to the fourth quarter of our last financial...

Dec 10, 2021