Irish clothing discounter Primark has doubled the size of its best performing store worldwide, at the Rue Neuve in Brussels.
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Irish Primark saw its profit rise by no less than 25 % in the past six months. The fashion discounter now accounts for two thirds of the profit of parent holding company Associated British Foods, which also distributes sugar and Twinings tea.
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Primark's second Brussels store - the seventh in Belgium - can only be described in superlatives. With 5,500 sqm of retail floor space, 48 cash registers and 60 changing rooms, the Irish fashion retailer has certainly spared no expense.
This week, Primark's biggest store opened in Birmingham. Besides the store's vast size, its integrated customer experience should turn it into a major success.
Irish fashion discounter Primark has seen its turnover grow 4 % in the fourth quarter as Christmas sales went surprisingly well.
Sneaker brand Vans has accused Primark of plagiarism. Since 2017, the Irish clothing discounter has been distributing two pairs of sneakers that look a lot like Vans' famous skaters' shoes.
Thousands of people queued to get into the new Primark store in Antwerp as soon as they could. At 5900 sqm, it is the Irish chain's largest store in Belgium.
Irish fashion chain Primark will open a new store in Antwerp on 30 April. The store will be much larger than its current Belgian stores and serves as its flagship store in the country.
Following the example of a number of other fashion companies, Irish fashion chain Primark has released its list of manufacturers and suppliers: it contains more than 900 factories across 31 countries.
Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.
Irish fashion chain Primark’s turnover grew nearly 20 % in the past fiscal year, largely thanks to expansion. Primark opened an astonishing thirty new stores in nine different countries.
Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.
Irish fashion chain Primark has finally announced another like-for-like turnover growth in its third quarter, its first in 18 months. Low prices and good weather helped the chain outperform expectations.
Irish fashion chain Primark has seen its turnover grow more than 20 % in the past six months, but that was only thanks to new store openings and positive exchange rate fluctuations.
Roland Berger’s consultants have highlighted five important trends for the future: digital competitors can become partners; low-cost chains are growing; the customer experience is becoming more important; big data’s potential is underestimated and robots are taking over stores.
Irish fashion chain Primark has seen its labour policy come under scrutiny again in two countries: Dutch employees do not feel they get the respect they deserve, while French employees are on strike demanding higher wages.