All Primark articles – Page 3
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DataData: Primark and H&M results show fashion’s fortunes are on the up
After a tough year for the fashion industry, strong updates from Primark and H&M show that the category is beginning to emerge from the Covid doldrums.
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News
Primark expects profits to be in line with last year following strong reopening
Primark owner ABF has said the fashion giant’s stores have performed exceptionally well since reopening and predicted full-year profits will be in line with the previous year.
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Gallery
Store gallery: Primark extends to 14th market with first Czech store
Primark has opened its first ever Czech store on Prague’s Wenceslas Square.
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News
Primark launches recycled loungewear collection
Primark has launched a new sustainable collection certified by circular fashion business Recover.
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News
Retail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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Prospect Analysis
Stores at Primark
While UK expansion is slowing due to its maturing presence, Primark continues to see expansion opportunities in the UK. The retailer is achieving this through larger store openings, with a service-led proposition, and extensions to existing outlets – raising its average store size to almost 40,000 sq ft.
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Prospect Analysis
Primark (SWOT)
Primark’s value-oriented stance continues to chime with customers. Its supply chain has been a key asset in its ability to source cheap, yet fashionable, clothing.
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Prospect Analysis
Technology strategy at Primark
The details of Primark’s store IT are a closely guarded secret, but it’s clear that it is focused on developing a lean and efficient way to open stores quickly and run them smoothly. There is also a big focus on economies of scale, logistics and reliability.
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Prospect Analysis
Primark (Strategy)
Primark is the market leader in the UK value fashion sector and, despite its extensive presence, it is continuing to expand its store network through existing store extensions and the addition of larger outlets. The retailer stands out from many other value retailers through its well-designed stores, which include the use of in-store technology such as video screens.
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Prospect Analysis
Primark (People)
Primark has been headed up by Paul Marchant as chief executive since 2008. His strategy since taking the helm has focused on international expansion and improving the retailer’s ethical and sustainability credentials.
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Prospect Analysis
Primark (Overview)
Primark is a value-oriented fashion retailer that has a strong reputation for good quality, stylish fashion and basics at very competitive prices.
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Prospect Analysis
Primark (Financials)
Sales and profits were battered at Primark in the year to 12 September 2020, impacted by the closure of its entire store estate during the third quarter.
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Prospect Analysis
Ecommerce at Primark
While Primark had remained staunch on its position to not sell online, the retailer launched a new customer-facing website in April 2022 which showcases around 70% of its products and allows customers to see what products are in stock at their local store.
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Prospect Analysis
Customer and marketing at Primark
Primark refers to itself as a value retailer rather than a discounter, reflecting a strategy that has up-to-the-minute, quality fashion at its heart as well as ‘unbeatable’ low prices.
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Prospect Analysis
Supply chain at Primark
Primark’s supply chain, and indeed business strategy, is based on a highly efficient sourcing model whereby it aims to get products from initial design concept onto shelves in as little as six weeks, with merchandise sourced from all four corners of the globe.
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Deep dive
Deep dive: Understanding your new target shoppers – their favourite stores revealed
Where and how will the post-pandemic consumer want to shop? Retail Week unpacks the data.
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News
Primark boss insists ‘fashion is back’ as lockdown easing takes effect
Shoppers filled their baskets with the latest styles as well as staples at Primark when the retailer reopened, signalling hopes of a return to more normal life post-pandemic.
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News
Primark owner to repay furlough cash as reopened stores deliver record sales
Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
