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.
Changes in consumer browsing behaviour are wreaking havoc on visitor numbers to retail ecommerce websites, with nearly two-thirds of major UK retailers facing falls in unique visitors last year.
Budget-conscious Brits are keen to cut down on discretionary spending in the new year and the number one target for cutting down on budgets is fashion purchases, according to new data from Barclays.
Despite tough conditions, the UK was the standout performer as Primarkās overseas business slumped. Applying lessons learned at home internationally should help the retailer recover, believes George MacDonald
Value clothing giant Primark has reported tough trading overseas, prompting it to cut sales growth expectations and hit profitability.
Value fashion giant Primark has curated what it claims is its āmost technicalā and biggest activewear range to date, encompassing 240 pieces.
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