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 low-cost fashion chain has ended its fiscal year (concluded the 15th of September) with a revenue of 7.47 billion British pounds (8.53 billion euros).

Primark forecasts like-for-like sales to fall 2% in 2018

The company expects to increase its revenues by 6%, fuelled by the store openings carried out throughout the fiscal year. The fashion retailer, owned by AB Foods, has blamed its negative performance in northern Europe to altered weather conditions.

Primark surpasses Amazon as the fastest growing retailer

Although its turnover in the country is much lower than the ecommerce group, the Irish low-cost fashion company tops the list Hot 100 retailers, elaborated by Kantar Consulting.

Primark’s growth slows down in first nine months of fiscal 2018

The Irish low cost retailer revenues went up 7% at constant change rates, while like-for-like sales registered a better evolution than in first year half due to better trade in the Eurozone, said the group.

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Primark: 5 years in America with just 9 stores

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.

Inditex, H&M and Primark dominate 38% of fashion sales

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

Primark Ends Telework Policy; Staff to Return to Office Four Days Weekly

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.