All Primark articles – Page 7
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NewsRetail 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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Retail Navigator AnalysisPrimark (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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Retail Navigator AnalysisPrimark (Strategy)
Primark’s main strategy is to offer quality fashion at unbeatable, low prices. It takes its value credentials very seriously and when necessary, will take a hit on margins rather than pass on increased costs to customers.
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Retail Navigator 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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Retail Navigator AnalysisPrimark (Financials)
Total Primark sales rose 17.0% to £9.0bn in the year to 16 September 2023, with UK sales up 11.0% and international revenues 22.3% ahead. While sales were bolstered by the retailer’s decision not to pass all of its rising costs onto customers through price increases, this impacted the bottom line.
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AnalysisDeep 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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NewsPrimark 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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NewsPrimark 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.
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AnalysisAnalysis: Five ways that W Galen Weston changed retail
Retail Week looks at how the entrepreneur and philanthropist built a transatlantic empire and changed the face of the industry.
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NewsW Galen Weston, retail tycoon behind Primark and Selfridges, dies at 80
The UK-born retail entrepreneur and philanthropist W Galen Weston, whose empire spanned food, retail and real estate, has died at the age of 80.
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DataData: The top five retailers consumers want on high streets
The future of UK High Streets is at stake as the country emerges from the grips of the pandemic, but it is important to understand what consumers want from it if they are to return in greater numbers. Read Retail Week’s High Street Rebooted report to find out what 1,000 UK consumers said
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AnalysisFootprint calculator and sustainable labelling: what Textiles 2030 means for fashion
The UK government has unveiled several initiatives in a bid to tackle the environmental issues surrounding the fashion industry and support a sustainable future – but what will it mean for retailers?
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GalleryStore gallery: Primark’s first Chicago store
Primark has opened its first store in Chicago, Illinois, marking the retailer’s debut in the US midwest.
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NewsPrimark positive over plans for April 12 reopening with 'worst behind us'
Primark finance boss John Bason has said the retailer believes it is “more than likely” it will reopen stores on April 12.
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NewsPrimark loses £1.1bn in sales due to lockdowns
Primark estimates that non-essential retail closures across its global store estate cost the business £1.1bn in lost sales in the first half of its financial year, but expects the period after lockdown ends to be “highly cash generative”.
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DataData: Shoppers most excited to return to Primark after lockdown
Consumers feel more comfortable now about returning to stores than they did last May, exclusive research for Retail Week has shown, and shoppers are most excited to return to Primark.
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NewsSell online? Not likely, insists Primark finance chief
As sales were decimated and shoppers flocked online during lockdown, many might think Primark would reconsider whether to trade online – far from it.
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NewsStore closures hammer Primark sales as Boohoo exceeds expectations
Primark has recorded a sharp downturn in sales over Christmas with its stores forced to close, while digital pureplay Boohoo’s sales soared.
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GalleryIn pictures: New stores that brought the wow factor in lockdown year
2020 may be more synonymous with shuttered stores but it did bring us some eye-catching new shops. Retail Week rounds up some of the best to whet your appetite
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NewsPrimark’s Paul Marchant: Anyone who thinks shopping in person is over is naïve
Primark boss Paul Marchant has launched a passionate defence of physical retail and called for more investment to be ploughed into Britain’s high streets in the wake of the coronavirus crisis.
