Primark
Apparel and textile industry company news
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Primark delivers 25% jump in interim profit
Value fashion retailer Primark has booked a 25% jump in first-half operating profit thanks to the addition of new selling space and improved margins, which were driven not only by favourable exchange rates but also by better buying.
Increased selling space boosts Primark H1 sales
Value fashion retailer Primark has sounded an optimistic note for the first half of the financial year as a 0.3m sq ft increase in selling space is expected to drive revenue in the period.
Primark Q1 sales jump as Christmas surpasses expectations
Increased retail selling space and better than expected sales over the Christmas trading period helped drive a 4% sales rise at Primark in the first quarter, with the value fashion retailer significantly increasing its share of the total UK clothing market in the period.
Primark warns of tough trading in run-up to Christmas
The owner of value fashion retailer Primark has warned of challenging trading in the run-up to Christmas – but says it expects earnings outlook remains unchanged.
UK fast-fashion retailers asked to justify their low prices
Making the sums add up on ultra-cheap fast fashion was one of the lines of questioning pursued during a parliamentary hearing last week, with British lawmakers asking retailers how they can justify selling dresses and T-shirts for just a couple of pounds.
Primark expands sustainable cotton programme to Pakistan
Value fashion chain Primark has expanded its sustainable cotton programme into a second major sourcing country – Pakistan – as the company looks to build on its work to trace the raw material through every stage of the supply chain and improve the lives of farmers.
Boohoo taps Primark's John Lyttle as new CEO
Online fashion retailer Boohoo has tapped rival Primark's chief operating officer, John Lyttle, as its new CEO.
UK expected to drive Primark FY sales rise
Primark's full-year sales are expected to rise 5.5% on last year, as a strong profit performance from the value fashion retailer helps parent company Associated British Foods Plc (ABF) maintain its full-year guidance.
Adidas, C&A, Esprit set out new sustainability roadmaps
Brands and retailers including Adidas, C&A, Esprit, Hugo Boss, KiK, Lidl, Primark and Puma are among 116 members of the German based Partnership for Sustainable Textiles who have submitted roadmaps outlining concrete steps to increase sustainability in their textile supply chains.
M&S tops UK high street indexMarks & Spencer has topped a new UK high street fashion ranking for brand health, which assesses consumer satisfaction, impression, and brand reputation.
Primark tops Hot 100 Retailers list, beats Amazon
Value clothing retailer Primark has seen off competition from internet behemoth Amazon and accessories business Tapestry to top the list of Hot 100 Retailers.
Warm weather knocks Primark H1 sales
Unseasonably warm weather last autumn is expected to have taken its toll on like-for-like sales at Primark in the first half of the financial year, but the value fashion retailer remains optimistic of a jump in profit growth for the second half.
Top stories this week on just-style...
Top stories this week on just-style include a look at how to build a balanced sourcing strategy, the publication by Primark of its global supplier list, Trump goes to Davos while NAFTA grinds on, and Lululemon Athletica's CEO, Laurent Potdevin, exits over misconduct.
Primark Christmas sales jump as retail space grows
Retailer Primark has proved it is adept at capitalising on shoppers trading down to its value fashions as it revealed record sales in the week before Christmas.
Primark taps ex-Zara product chief to lead womenswear
Value clothing retailer Primark has confirmed to just-style former Zara product boss, Paula Dumont López,is to join the company as head of its womenswear division.
Why Primark is working to do "the right thing" – Interview
Unlike many other major apparel firms, value fashion chain Primark chooses not to openly set targets for its sustainability and ethical commitments, but instead "just get on and do it," as Katharine Stewart, Primark's director of ethical trade, tells just-style. Yet in recent years the retailer has started to open up about its work to engage more closely with its supply chain: in particular, turning its focus to ensuring all the cotton in its products is sourced sustainably.
Primark FY sales tipped for double-digit rise
Primark full-year sales are expected to rise 13% on last year, as the value fashion retailer has helped to boost parent company Associated British Foods Plc (ABF) full year outlook.
Primark launches 100% sustainable cotton pyjama line
Primark is this week launching its first line of clothing made using 100% sustainable cotton – marking a first for the British value clothing retailer in being able to track its cotton through the supply chain from farm to store.
Primark recalls flip-flops on cancer chemical fears
British value clothing retailer Primark has recalled thousands of men's flip flops found to contain the cancer-causing chemical chrysene.
Primark sales jump on sales and store growth
Value clothing retailer Primark saw sales jump in the first ten months of the year thanks to the expansion of its store portfolio both home and abroad and strong trading in the run-up to Easter.
Primark H1 trading boosted by expansion
Value clothing retailer Primark has increased earnings in its first-half thanks to higher sales, particularly in the UK, and a "substantial" increase in selling space.
US apparel retail shifts reveal misconceptions
The death of the department store, the exaggerated rise of Amazon as an apparel retailer power, and the threat of European fast-fashion specialists to US retail are among a number of misconceptions currently bedevilling the retail industry, a new report explains.
Primark maintains trading momentum in H1
Value clothing retailer Primark has maintained its trading momentum over the last six months, despite concerns of a slowing market, with sales expected to be up thanks to expansion both at home and abroad.
Primark challenges critics with India cotton initiative
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices on the high street is not at odds with efforts to improve ethical standards in its supply chain. just-style's deputy editor Michelle Russell found out more during a trip to northern India where the company's sustainable cotton programme is taking shape.
Primark Q1 sales climb on network expansion
Primark saw sales climb in its first-quarter thanks to increased selling space, but the value fashion giant warned of falling margins as a result of impending inflationary pressures.
Brands urged to tackle child slavery in India spinning mills
Various forms of modern slavery, including child slavery, have been found in around 90% of spinning mills in South India producing yarn that makes its way into garment factories in India, Bangladesh and China supplying western brands and retailers, a new report claims.
Eight factors set to shape European retail in 2017
Many of the key themes that dominated the European retail scene in 2016 are expected to continue into this year, analysts believe, as retailers prepare for more currency headwinds, unseasonal weather, a continued shift to e-commerce and whatever hurdles Brexit will bring.
Top 20 news stories on just-style in 2016...
Instead of our regular roundup of the most-read stories on just-style during the week, we thought a fitting end to the year would be to take a look at the top news stories on just-style in 2016. Cutting edge innovations, Africa growth, Brexit, worker safety, key apparel and footwear trends, and minimum wages were just some of the issues that made the headlines.
2016 – A year in review – Retail winners and losers
A local-for-local manufacturing vision, expansion in Asia, robotic warehousing and automated delivery systems helped lift some retailers during 2016, but concerns over conditions and working practices, store closures and bankruptcies weighed on others.
Primark among first to sign up to textile waste project
Value fashion giant Primark is among the first five companies to sign up to a EUR3.6m (US$4.1m) initiative that will work with clothing brands, retailers and manufacturers and recycling organisations to reduce textile waste across Europe.
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