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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Mar- 2024 -5 MarchHigh Street
Greggs profits and sales soar in FY23
Greggs has reported pre-tax profits of £188.3m for the 52 weeks ended 30 December 2023, compared with £148.3m from the previous year. Its sales also increased 19.6% to £1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to £167.7m. The group opened a “record” 220 new…
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Feb- 2024 -8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
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8 FebruaryNews
Primark to upsize Metrocentre location
Primark is set to do an upsize of 14,100 sq ft of trading space for the Metrocentre location. The retailer first joined Metrocentre nearly 20 years ago, before relocating into its current site in 2010. Anchoring Exhibition Square, a key junction where Yellow, Blue, and Platinum Malls meet, the shopping…
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8 FebruaryClothing & Shoes
Primark to invest £100m into UK stores
Primark has announced it is to invest more than £100m in its UK stores in 2024, as it marks 50 years on the Great British High Street. The news includes more than £75m of new investment in UK retail this year, building on plans it announced back in November 2022.…
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Jan- 2024 -23 JanuaryNews
Today’s news in brief-23/1/24
Boohoo has changed its leadership as Shaun McCabe has stepped down as CFO, and Stephen Morana has been appointed as the new CFO. Morana, known for his ecommerce expertise, will assume the role on 19 February 2024. Boohoo highlighted Morana’s experience, including leading businesses through IPOs and creating significant shareholder…
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23 JanuaryClothing & Shoes
Primark sales jump 7.9% to £3.3bn amid strong Christmas
Primark has reported a 7.9% increase in sales to £3.3bn for the 16 weeks ending 6 January 2024. The sales increase was attributed to “slow start” given the unseasonably warm weather, and “strong Christmas trading”. Like-for-like sales grew by 2.1% driven by higher average selling prices. Primarks owner, Associated British…
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Nov- 2023 -8 NovemberNews
Today’s news in brief-8/11/23
JD Sports is facing scrutiny over a £3.5m non-compete deal with its former CEO, Peter Cowgill. This agreement, signed in September of the previous year, was intended to prevent Cowgill from working with or advising competitors for the next two years. However, it has come to light that Cowgill has…
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8 NovemberHigh Street
Poundland expands clothing offering across UK&I
Poundland owner Pepco Group has completed the transition to new clothing ranges at the discount retailer, bringing its family fashion offer to 560 stores across the UK and Ireland, including all 56 former Wilko locations that have now reopened. The transition, which took place over the last eight weeks, meant…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberClothing & Shoes
Primark sales jump 15% to £9bn
Primark owner Associated British Food (ABF) has revealed that Primark sales rose 17% to over £9bn, for the year ended 16 September 2023. Despite this, the company saw its adjusted operating profit drop 3% to £735m and its adjusted operating margin drop to 8.2%. The company put this down to…
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