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.
Lefties is landing on British soil at the end of the month, promising to shake up the retail market with its affordable fashion and homeware ranges.
Lefties sits within a tight group at the lower end of the market, with a median dress price of ÂŁ18, just ÂŁ2 more than Primark and ÂŁ0.50 less than Shein.
The most disruptive retailers of the future wonât simply be those offering the lowest prices. Theyâll be the ones that fundamentally change what customers can expect to get for those prices, maintains Eoin Tonge
Primark has lowered the prices across hundreds of its bestselling womenswear, menswear and kidswear styles.
Superdrug owner AS Watson, books specialist Waterstones, and furniture retailer Dusk are among those looking at floating in London, where their presence would be a welcome boost, says George MacDonald
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