Primark
This coverage explores Primark’s strategy and performance in the UK retail sector, focusing on store operations, product assortment, pricing, marketing campaigns, sustainability initiatives, and leadership decisions. Reporting highlights how Primark balances value positioning with volume growth and operational efficiency — offering insight for executives, managers, and professionals in fast‑fashion and large‑format retail.
-
Jan- 2020 -28 JanuaryHigh Street
Over 31,000 retailers report signs of ‘significant financial distress’
The number of retail businesses in “significant financial distress” grew to 31,615 in the fourth quarter of 2019, according to research by corporate restructuring firm Begbies Traynor. The firm also reported a 8% year-on-year increase in the number of online retailers facing financial distress. Begbies Traynor’s Red Flag Alert research,…
Read More » -
16 JanuaryHigh Street
Primark sales jump in first-quarter results
Associated British Food (ABF) has reported a 4% increase in group revenue for the 16 weeks ended 4 January 2020, driven by strong trading from Primark over the festive period. Primark saw sales increase by 4.5% compared with the same period last year, and the group said the sales growth…
Read More » -
Nov- 2019 -28 NovemberHigh Street
Primark owner could face shareholder opposition to new bonus scheme
Fashion retailer Primark could face a shareholder revolt next week, after a new bonus scheme could see CEO George Weston receive up to £7m in bonuses. According to The Telegraph, Primark’s parent company Associated British Foods (ABF) is “under fire” from shareholder advice group Pirc over a new long-term bonus…
Read More » -
5 NovemberClothing & Shoes
Primark profits top £900m in 2019
Fashion retailer Primark has reported an 8% increase in operating profits to £913m, for the year ended 14 September 2019. The fashion chain also saw a 4.2% increase in year-on-year sales to £7.79b, and Primark’s owner ABF hailed the year of “resilient performance” from the high street retailer. Despite like-for-like…
Read More » -
Sep- 2019 -9 SeptemberEconomy
H&M battles with landlords over rents
Fashion retailer H&M is battling with landlords over rent reductions, which could potentially see property owners bear the cost of the rising number of returned clothes. According to a report from The Times, the retailer is pushing for “total occupational deals” where it discusses with landlords a sum linked to…
Read More » -
9 SeptemberHigh Street
Primark expects like-for-like sales dip in FY results
Clothes retailer Primark, which is owned by Associated British Foods (AB Foods), has revealed it expects a 2% decline in like-for-like sales for the year to 14 September 2019. Despite this, sales for the full year are expected to be 4% ahead of last year at constant currency and actual…
Read More » -
4 SeptemberComment
Inventive independent retailers attract cautious customers
We’ve been hit with a barrage of reports that suggest big box retail is struggling to keep up with changes to the high street. In July, the British Retail Consortium released data that found retailers experienced their worst month of trading since records began, as Brexit, consumer spending and discounting…
Read More » -
3 SeptemberAdvice
Fast fashion and the role that retailers have to play in tackling it
The fashion industry has never been without its critics, but today it seems to be drowning in them. PETA’s iconic ‘I’d rather go naked than wear fur’ billboard campaign of the early nineties, when the likes of Kim Basinger, Pamela Anderson and Christy Turlington were persuaded to get their kit…
Read More » -
Aug- 2019 -27 AugustHigh Street
Clarks seeking rent reductions of up to 30%
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times. The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told…
Read More » -
Jul- 2019 -29 JulyHigh Street
Primark to push for reduction in rent
Fashion brand Primark is pushing for a reduction in rents at stores, after a number of competitors have secured rental reductions via CVAs this year. The retailer is pushing for a 30% reduction in rates on stores where leases have several years left to run, and is offering to invest…
Read More »
