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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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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6 NovemberNews
Today’s news in brief-6/11/23
The future ownership of the iconic London department store, Selfridges, is reportedly in question as co-owner Signa grapples with a financial crisis. Restructuring experts have been enlisted to help Signa raise funds amidst rising borrowing costs and falling property valuations. The sale of Signa’s 50% stake in Selfridges is likely,…
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6 NovemberNews
UK retailers join forces to sign Wrap’s Textiles 2030 initiative
More than 30 retailers have signed up to Wrap’s Textiles 2030 initiative to reduce the carbon impact of the textiles they produce. Textiles 2030 was launched last year by climate action NGO Wrap, which stands for Waste & Resources Action Programme, in an effort to accelerate the UK fashion industry…
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Sep- 2023 -12 SeptemberClothing & Shoes
Primark owner ups guidance after 15% sales surge
Primark owner Associated British Foods (ABF) has raised its profit guidance after seeing better than expected results. The company now expects an adjusted operating profit “slightly better” than its previous expectation of “moderately ahead” of its £1.4bn profit last year. It also expects Primark sales to be around £9bn for…
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8 SeptemberClothing & Shoes
Primark to offer womenswear online as it expands click and collect
Primark is set to offer womenswear online for the first time as it expands its click and collect trial. From 13 September, some 57 trial click and collect stores across Greater London, the North West of England and North Wales will be able to buy a selection of womenswear online.…
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