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Primark

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Primark places GBP1bn in new orders as stores reopen

2 July 2020 | Michelle Russell

Primark is pressing ahead with new store openings and is placing GBP1bn (US$1.25bn) worth of orders for the autumn/winter season after reporting an "encouraging" start to post-lockdown trading.... read more


Retailers begin to outline store reopening plans – Update

16 June 2020 | just-style

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.... read more


Primark reopening likely to be marred by cautious consumers

9 June 2020 | Beth Wright

The reopening of Primark stores in the UK will be met with consumer caution in the long-term, as more than 60% of shoppers in the country are buying less clothing, new figures from data and analytics firm GlobalData show.... read more


Markdowns not part of the plan as Primark to reopen in UK

1 June 2020 | Beth Wright

Primark-owner Associated British Foods (ABF) says the value fashion retailer has begun placing "substantial" orders for autumn/winter stock and will seek to avoid markdowns on excess inventory as it prepares to reopen stores in England on 15 June.... read more


Global retail staff and salary reductions amid Covid-19 – Update

1 May 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more


How brands are tracking labour and safety violations

24 April 2020 | Hannah Abdulla

Seven years after the deadly Rana Plaza factory building collapse in Bangladesh, research suggests that while there has been progress in factory safety, there have also been deteriorations in labour rights and the abuse of female ready-made garment (RMG) factory workers. Here we explore how brands and retailers can ensure workers in factories overseas are being treated fairly – and how predictive analytics can help manage social and labour compliance.... read more


Primark owner takes GBP284m unsold stock hit

21 April 2020 | Beth Wright

Primark-owner, Associated British Foods (ABF) has written down the value of its clothing stock by GBP284m (US$349.3m) as the fashion retailer has gone from making sales of GBP650m each month to nothing following the closure of all stores in March amid the Covid-19 pandemic.... read more


Primark extends supplier support by GBP370m

20 April 2020 | Michelle Russell

Value fashion retailer Primark has extended support to its suppliers by committing to pay for GBP370m (US$461m) worth of additional orders, over and above the GBP1.5bn of stock already in stores, depots and in transit.... read more


Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. ... read more


Primark to pay wages at factories of cancelled orders

3 April 2020 | Beth Wright

UK value fashion retailer Primark has set up a fund to cover the wages component of orders that it cancelled in Bangladesh, Cambodia, India, Myanmar, Pakistan, Sri Lanka and Vietnam because of the coronavirus pandemic.... read more


Primark cancels all orders as UK stores close

23 March 2020 | Michelle Russell

UK value fashion retailer Primark has cancelled all orders with its suppliers and closed all of its stores – including the 189 it operates in the UK – as countries around the world go into lockdown to try to halt the spread of coronavirus.... read more


Primark sounds warning over H1 sales on Covid-19 fallout

16 March 2020 | Hannah Abdulla

Primark-owner, Associated British Foods (ABF) has sounded a warning on its half-year sales as traffic in its stores slows with the impact of the coronavirus outbreak intensifying.... read more


Primark in vegan fashion product certification first

13 March 2020 | Beth Wright

Retailer Primark has become the first company in the world to receive the Vegan Certification mark from German inspection services group TÜV Rheinland for fashion products.... read more


Coronavirus could risk supply shortages at Primark

24 February 2020 | Beth Wright

The owner of value fashion retailer Primark has warned that prolonged delays to factory production in China increase the risk of supply shortages on some lines later in its financial year.... read more


Store growth continues to drive Primark sales

16 January 2020 | Beth Wright

Value fashion giant Primark has again credited the continued expansion of its store portfolio both at home and abroad for a rise in first-quarter sales but cited a "marginal" decline in UK like-for-like sales during the period.... read more


Low-price focus drives profitable 50th year for Primark

5 November 2019 | Beth Wright

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.... read more


Primark warns customers over online products

16 October 2019 | Michelle Russell

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.... read more


Primark mulls Central America suppliers in US foray

24 September 2019 | Hannah Abdulla

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.... read more


Store growth helps drive Primark FY sales rise

9 September 2019 | Beth Wright

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.... read more


Primark expands sustainable cotton scheme to China

28 August 2019 | Beth Wright

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.... read more


Primark probe suspends several Bangladesh factories

5 August 2019 | Hannah Abdulla

Primark has confirmed it is suspending sourcing with several of its supplier factories in Bangladesh following allegations that workers' contracts were terminated unfairly ... read more


Store growth boosts Primark sales

4 July 2019 | Beth Wright

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.... read more


Investors press brands for more workforce transparency

3 July 2019 | Beth Wright

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. ... read more


Primark delivers 25% jump in interim profit

24 April 2019 | Beth Wright

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.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Increased selling space boosts Primark H1 sales

25 February 2019 | Beth Wright

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.... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more


TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more


Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more


Primark Q1 sales jump as Christmas surpasses expectations

17 January 2019 | Beth Wright

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.... read more


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