Primark
Apparel and textile industry company news
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Low-price focus drives profitable 50th year for Primark
Value fashion giant Primark has marked its 50th year of trading with better buying and favourable exchange rates helping to deliver an 8% increase in profit.
Primark warns customers over online products
Value fashion giant Primark has warned its customers not to buy its products online after it emerged some of the retailer’s items were being sold on Amazon at inflated prices.
Primark mulls Central America suppliers in US foray
Value fashion retailer Primark has confirmed plans it is planning to grow its presence in the US and that it will look at closer locations to source from for the US market.
Store growth helps drive Primark FY sales rise
Full-year sales at Primark are expected to rise 4%, helped by increased selling space, but the value fashion retailer has also warned it expects a reduced margin next year.
Primark expands sustainable cotton scheme to China
Value fashion chain Primark is preparing for a five-fold increase in the number of farmers enrolled in its Sustainable Cotton Programme by the end of 2022, including expanding the initiative to China for the first time.
Primark probe suspends several Bangladesh factories
Primark has confirmed it is suspending sourcing with several of its supplier factories in Bangladesh following allegations that workers' contracts were terminated unfairly
Store growth boosts Primark sales
The expansion of its store portfolio both at home and abroad has helped UK value clothing retailer Primark to higher sales in the first ten months of the year.
Investors press brands for more workforce transparency
A coalition of more than 120 institutional investors with combined assets of more than US$14 trillion is renewing its demand for companies across the world to come forward with better data on their staff and supply chain workers, with the aim improving the quality of jobs globally.
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.
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