Value fashion retailer Primark was founded in Ireland in 1969 under the name Penneys, a name it still trades under in Ireland. As of September 2019, all its product operations were consolidated at its Dublin headquarters. Its business model relies on quality fast fashion at unbeatably low prices. The retailer operates over 350 stores worldwide with international expansion as its priority. It does not operate a transactional website or app, setting it apart from other retailers. Its IT strategy is instead focused on international expansion and social media marketing, including its ‘Primania’ platform that launched in 2014. While the platform is no longer available, Primark still uses the same name as a hashtag. In 2019, Primark opened its biggest store in Birmingham, featuring cafés, a blow-dry bar, and personalisation station. Primark continues to open more stores and is seen as an anchor for new shopping centres.
William Reed has launched Retail Week x The Grocer LIVE 2024, a two-day gathering of the leading minds in retail and fast-moving consumer goods (FMCG).
Value fashion giant Primark said it expects growth in sales and profit despite the “unusually variable and unseasonable weather” in the fourth quarter ahead of its full-year results.
Primark has announced the expansion of its click-and-collect trial to include womenswear for the first time, in addition to its current childrenswear offering.
Frasers Group, Next, Marks & Spencer, JD Sports and Primark will be fashion’s big five within three years. Retail Week investigates why
Grocer Sainsbury’s and outdoor clothing specialist Mountain Warehouse have become the latest retailers to lend their support to a campaign to scrap VAT on period pants.
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