Primark

The biggest phenomenon of the last decade comes from Ireland. The company, that is a benchmark for low cost and offers and offers a wide range of products, is owned by the group AB Foods, and has become a threat for big retailers of the industry.

The Irish fast-fashion powerhouse unveils its latest sustainability report, highlighting strides in emission reductions, recycled material usage, and garment recycling.

Primark Strengthens Supply Chain in Italy, Opens First Alessandria Center

Affordable fashion titan strengthens its footprint in Italy with the launch of a sprawling 872,000-square-feet logistics center in Alessandria and the opening of its 20th store, after allocating over €6.5 million in Biella.

Primark Pushes Ahead with German Expansion Amid Sales Slowdown

Irish fast-fashion brand expands its retail footprint with the opening of a new store at Ostsee Park Rostock, with another debut scheduled for December 3rd at Donau-Einkaufszentrum in Regensburg.

Primark Eyes Independent Expansion After Reporting Steady Sales Year

British fast-fashion giant reports a 0.4% increase in revenue and a 2.8% boost in operating profit. The company sets its sights on further expansion in the U.S. market and plans to grow its store footprint.

Primark Makes Middle East Debut Through Franchise Partnership with Alshaya Group

Irish fast fashion powerhouse opens its flagship store in partnership with Alshaya Group, following their 2024 strategic alliance. Upcoming launches are slated for Dubai and New York.

Primark’s New Strategy: Denim and Democratization to Capture Low-Cost Market

With an eye on expanding denim’s reach, the Irish label focuses on cost-effectiveness, diverse sizing, and extensive production to edge out competitors turning premium. Currently, denim ranks as their second top-selling womenswear category.

As one of the rare holdouts in major retail without an online shopping option, the Irish company is launching its app initially in Ireland and Italy, with a UK rollout to follow.

For the first time, the Irish low-cost fashion conglomerate is combining its customer and digital sectors, aiming for a ‘clear and consistent’ user experience. Houston takes over from Michelle McEttrick, who served for three years.

The company has assured that teams are more productive if they work in the offices face-to-face. Workers have until mid-September to get used to the idea, although Primark will maintain flexible working hours.

The company has closed all its stores in France, Spain, and Austria, which represent 20% of its commercial network and generate 30% of the company’s sales.

The Irish born retailer entered America’s market 46 years after its first launch. The chain unveiled more openings in the pipeline following the slow growths since its entry.

These types of fashion players have revolutionized the distribution map in the world, as well as how fashion is consumed worldwide.

The owner of the Irish chain expects margin for the full year to be “only a small reduction” on that achieved last year, on a lease-adjusted basis.

The company has improved its margin this year but is already anticipating a further decline next year due to currency fluctuations.

The expansion of its selling space has once again become the main driver of the Irish company: on a like-for-like basis, the group’s revenue decreased by 2%.

José Luis Martínez de Larramendi, current head of the group in the American market will lead the expansion in the new markets. He will also be in charge of the US.

The Irish group appointed Carlos Inacio in front of its Spanish business, second by revenue of the company. The executive will relieve Stephen Mullen, who has been promoted as retail director in Southern Europe.

The Irish low-cost fashion company opened its first American store in 2015 in Boston.

The new store of the company, that will be located in the city of Seville, will have a beauty salon and a cafeteria.

The low-cost distribution giant forecasts a 3% growth in its United Kingdom revenue while expects its sales in the European region to increase 5% in its fiscal year.

While the textile commerce in the world sank in 2018 with a descent of 2.38%, giants in Zara’s kingdom rose 2.17%.

The low cost fashion giant has explained that the growth of its turnover is due to the increase of its commercial space during the period of first nine months.

The company started half-century ago in Ireland, where it launched its first store in Dublin under the name of Penneys, and has becomed a global and world-known fashion company.

The low cost fashion company has chosen the capital, Ljubljana, to open its first establishment in the country.

The Irish company of low cost fashion, which has advanced the result of the first three months of exercise (period ended on January 5), increased its selling space by 27,871 square meters.

The Irish chain accelerated its expansion in full crisis, coinciding with the decrease of acquisitive power around Europe, its main market. Now, already settled in recovery, it keeps on trying to find its United States model and brands have gained it ground again.

1 2

Perfiles relacionados

Primark

Eoin Tonge

Mergers & Acquisitions

The Leadership Shuffle

Global Fashion Giants

Bernard Arnault

Luca de Meo

Óscar García Maceiras

Nicolas Bos

Richard Dickson

Elliott Hill