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.
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Feb- 2025 -21 FebruaryHigh Street
Primark to open first standalone homewares store in March
Primark has announced that it is set to open its first standalone homewares store in Belfast on 6 March 2025. The 8,700 sq ft one floor store is located in the iconic Fountain House building on Donegall Place in Belfast. Primark’s homeware offering will move out of the Bank Buildings,…
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7 FebruaryPeople Moves
M&S recruits John Lyttle as clothing MD amid leadership reshuffle
M&S has announced that John Lyttle, the former CEO of Boohoo, will be joining as managing director of clothing, home and beauty on 3 March. The news comes as the retailer’s current MD of clothing, home and beauty, Richard Price, who has held the role since 2020, will be leaving…
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6 FebruaryShopping Centres
Metrocentre sees 9.2% footfall increase in 2024
Metrocentre has announced a “record-breaking” year as it saw a 9.2% year-on-year footfall increase in 2024. During the year, the destination welcomed 15.8 million visitors, a 10% increase on 2023. Sales performance also surpassed the previous year by 5.3%, with F&B, sports fashion, and health and beauty experiencing the biggest…
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Jan- 2025 -24 JanuaryShopping Centres
Glasgow Fort sees 10% footfall increase in December
Glasgow Fort retail park has ended the year on a high, with December footfall increasing by 10.3% compared to the same period in 2023. The busiest trading day for the centre was Saturday 23 December, when Glasgow Fort welcomed 89,000 visitors, with footfall up 16% compared to the same date…
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23 JanuaryNews-In-Brief
Today’s news in brief-23/1/25
Primark has revised its sales forecast for 2025 downwards following a challenging autumn trading period in the UK and Ireland. The company reported a 6% decline in like-for-like sales in these regions, largely attributed to cautious consumer sentiment and mild weather affecting seasonal clothing purchases. Despite a modest recovery during…
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23 JanuaryClothing & Shoes
Primark lowers FY guidance amid weak UK autumn trading
Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over the autumn period. In the UK and Ireland, which accounted for 45% of trading, like-for-like sales fell by 6% in the 16 weeks to 4 January 2025. In the UK…
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7 JanuaryComment
Strategic market entry: when to follow and when to challenge
The decision of how to enter a new market represents one of the most critical strategic choices a retailer can make. While conventional wisdom often suggests avoiding direct competition with established market leaders, the reality is more nuanced. Success depends on carefully analysing market conditions and choosing an approach that…
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Nov- 2024 -5 NovemberNews-In-Brief
Today’s news in brief-5/11/24
Primark’s profits surged by 51% to £1.1bn in FY24, as its parent company, Associated British Foods, credited a significant rise in profitability and returns amid ongoing investment efforts. Total group sales grew by 6% to £9.4bn, despite summer fashion sales being dampened by poor weather in H2. Notably, Primark reported…
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5 NovemberClothing & Shoes
Primark profits rise by 51% to £1.1bn in FY24
Primark has seen its operating profits soar by 51% to £1.1bn in the year ended 14 September 2024, as the group hailed a “substantial” improvement in profitability and strong returns amid ongoing investment. Associated British Foods reported that sales for the group rose by 6% to £9.4bn over the year,…
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Oct- 2024 -9 OctoberNews-In-Brief
Today’s news in brief-9/10/24
Shein’s UK arm reported robust financial results for 2023, with revenues climbing 38% to £1.55bn and pre-tax profits doubling to £24.4m. These figures surpass rival Boohoo’s latest annual revenues. The company also announced plans for an IPO in London, pending regulatory approval, to capitalise on its growth momentum and expand…
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