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Primark is known as one of the most popular retailers within the UK market with its low-price to value characteristic.

Their first
store in Dublin in 1969 called Pennys, now operating over 350 stores across 12 countries in Europe
and America.

To date the largest store that Primark operates worldwide is Birmingham High Street, which occupies a retail space of 160,000 sq ft (14,800 m2) spread over five floors. This store features three dining experiences including the first Primark Café with Disney. The store also features a beauty studio and barbers.

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Primark’s main goal is to become the biggest retailer in the UK.

Gaining a lot of
attention and well-deserved praise for providing the latest fashion at affordable prices.

Their current performance increased their market share to
7.1%, setting Primark to potentially become the leading retailer by overtaking M&S who currently
hold the largest market share.

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Primark's parent company Associated British Foods (AB Foods) is expecting to post a £20 million loss for the full year despite sales growth at the retailer.

In a trading update this morning the group, which also owns a grocery and sugar supply business, said that unfavourable exchange rates have taken a bite out of its margins and will results in a major loss for the full year.

Its budget fashion chain Primark will see sales for the full year rise 5.5 per cent on a constant currency basis, which reportedly offset a poorer performance in its sugar arm.

At actual exchange rates this figure rose to six per cent thanks to a 900,000sq ft increase in selling space across 15 stores, including four new stores in the UK.

Although this growth was offset by a two per cent decline in like-for-like sales internationally, Primark performed well in the UK seeing a like-for-like sales boost of 1.5 per cent, while total sales in the country also rose six per cent.

"With two thirds of the group's operating profit earned outside the UK, the strengthening of sterling against most of our trading currencies, other than the euro, will result in a loss on translation this year of some £20 million," AB Foods said.

"Strong profit performances this year from Primark, grocery, agriculture and Ingredients are expected to more than offset the adverse effect of lower EU sugar prices."

This follows news at the end of last month that Primark's five-storey flagship in Belfast, which it has called home since 1979, was destroyed by a fire.

None of the listed store's 300 staff were hurt in the fire, and the retailer has confirmed that the costs will be covered by its insurance, while losses incurred by not trading will be underwritten.

The company's full year results are due on November 6.
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Primark posts strong UK performance despite owner seeing £20m loss - Retail Gazette

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Primark's parent company Associated British Foods (AB Foods) is expecting to post a £20 million loss for the full year despite sales growth at the retailer. In a trading update this morning the group, which also owns a grocery and sugar supply business, said that unfavourable exchange rates have taken a bite out of its margins and will results in a major loss for the full year.

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In its 2018 annual report, ABF (owns Primark) reported that its retail subsidiary had generated a worldwide revenue of more than £7 billion that year, after showing a steady growth in sales over the last 6 years.

Primark’s performance in its primary market, the UK, has also seen consistent improvement, with stores in the country reaching a net worth of £841.8 million in 2018. This represented an increase of almost £250 million on the company’s net worth in 2016.

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Retail & Trade

Fashion & Accessories

Primark - Statistics & Facts

Overview

Key figures

Statistics

Primark is a leading retailer specializing in the sale of clothing, accessories and footwear. The company was started in Dublin, Ireland in 1969 by the Weston family. After its success as Penneys, it expanded into other countries. The retailer now has 398 stores located worldwide, including the UK, the Republic of Ireland, Portugal, Spain, Germany, the Netherlands, Belgium, Austria, France, Italy and the United States. Operating in the low-cost end of the market, the company is popular with shoppers seeking the latest fashion items at modest prices.

Associated British Foods retail division

Primark is owned by the British food processing company Associated British Foods (ABF). In its 2021 annual report, ABF reported that its retail subsidiary had generated a revenue worldwide of 5.6 billion British pounds that year, which was a staggering decline compared to revenue generated in the pre-pandemic period. Accordingly, the company's growth rate in sales was greatly impacted, with 2020 marking a sales decline of 24 percent. In addition to the pandemic, the main reason behind Primark's poor sales performance was the lack of online sales channel. Primark trades solely as an in-store retailer.

Primark's performance in its primary market

Despite the negative sales performance in 2020 and 2021, the net worth of Primark in the UK, its primary market, did not suffer as much. Over the past decade, Primark’s net worth has seen consistent improvement, with stores in the country reaching a net worth of over one billion pounds in 2019. In 2020, this figure slightly decline, but still remained over the one billion mark. For comparison, this represented an increase of almost 250 million pounds on the company’s net worth in 2016.

Among the clothing products offered by Primark, women's wear is the most popular category, with 11.1 million consumers in 2020. In comparison, men’s wear and children’s clothes were purchased by a respective 10.3 and 6.1 people that year.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

Interesting statistics

In the following 4 chapters, you will quickly find the 21 most important statistics relating to "Primark".

Statistics on the topic

Overview

Primark in the UK apparel market

Primark employee and store numbers

Primark.com traffic

Leading fashion & clothing retailers ranked by turnover in Europe 2020

Associated British Foods retail division revenues worldwide 2007-2021

Associated British Foods retail division: sales growth worldwide 2012-2021

Net worth of Primark in the United Kingdom (UK) 2010-2020

Associated British Foods retail sector: adjusted operating profit worldwide 2007-2021

Primark products purchased in Great Britain 2013-2020, by clothing product type

Primark: number of manufacturing factories 2021, by country

Leading UK retailers ranked by worldwide sales 2020

Most popular value apparel brands in the UK based on Buzz scores 2021

Change of online visibility of high street fashion brands in UK 2021

Leading ladies clothes stores in Great Britain 2020, by number of customers

Leading men's clothes stores in Great Britain 2020, by number of customers

Number of employees in Associated British Foods' retail division worldwide 2014-2021

Associated British Foods retail division: store numbers worldwide 2008-2021

Associated British Foods: store numbers worldwide 2014-2021, by country

United Kingdom: top retail customers of Landsec 2021

Number of stores of leading fashion & clothing retailers in Europe 2020

Number of monthly visits to Primark.com worldwide 2021

Distribution of Primark.com traffic 2021, by country

Distribution of Primark.com traffic 2021, by source

Distribution of Primark.com social traffic 2021, by network

Contact

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Find the most up-to-date statistics about Primark

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Primark is the only retailer that doesn't offer an online shopping service but rather a website that showcase's their products which they have in store.

They do however have a page called Primania where Primark fans can upload their favourite "Primark Look" and show it off to the world. This is one way that they market to their customers, using Primark fans to promote their look to their audience to bring up their ratings and sales in stores.

Though, Primark has proven that it doesn't need an online website with the high sales and a 22% revenue jump from the previous year.

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Strength:
A major strength of Primark is their low prices on the latest fashion trends due to their value proposition, Primark has been able to consistently attract consumers from low economic backgrounds.

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Weakness:

Primark has one major weakness which is that the brand is labelled as unethical. With majority of Primark’s factories in Asia, this lowers their cost due to cheaper labour and transportation costs.

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LONDON, Feb 7 (Thomson Reuters Foundation) - Cut-price fashion chain Primark published details on Wednesday of factories in its supply chain to prove it had nothing to hide in its push to sell products that are free of slave labour.

The budget retailer, which has 350 stores across Britain, Europe and the United States, has published an online map showing more than 600 suppliers' factories in 30-odd countries, including information about the number and gender of workers.

"We are opening up about our suppliers to boost transparency and visibility in our supply chain," Primark's head of ethical trade, Katharine Stewart, told the Thomson Reuters Foundation.

A growing number of big brands, from sportswear giant Adidas to fashion retailers H&M and ASOS, are sharing information about their supply chains amid mounting regulatory and consumer pressure on companies to ensure their products are slavery-free. Supply chains are often complex as a product is manufactured, packaged and distributed in a process linking multiple suppliers in many countries, making it difficult to spot forced labour.

About 25 million people worldwide were estimated to be trapped in forced labour in 2016, according to the International Labour Organization (ILO) and rights group Walk Free Foundation.

"Primark joins the select but growing group of leading companies that disclose details of their supplier factories," said Peter McAllister of the Ethical Trading Initiative (ETI).

"It is one more step in meeting consumer expectations and we hope that other brands and retailers will follow this example," said the executive director of the ETI, a global alliance of trade unions, firms and charities promoting worker rights.

Primark had previously withheld the factory breakdown, saying it gave the high-street chain a commercial edge.

But the company said it had decided to divulge the details as most of its suppliers were also contracted by rival companies, many of which had already made the details public.

Following accusations it used "sweatshops" and "modern-day slaves" to produce clothes sold for just a few pounds, Primark says it has ramped up efforts to tackle the risk of forced labour, with worker hotlines and a rise in audits.

The retailer keeps down costs by spending very little on advertising and buying materials in bulk, Stewart said.

"We want to challenge the wrongly held perception that price and ethics are entwined," she said. (Reporting By Kieran Guilbert, Editing by Lyndsay Griffiths. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women's rights, trafficking, property rights, climate change and resilience. Visit http://news.trust.org)

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retailers excl food and drug specialists (trbc)

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cyclical consumer goods and services (trbc)

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No hiding place for slaves as Primark maps its suppliers

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LONDON, Feb 7 (Thomson Reuters Foundation) - Cut-price fashion chain Primark published details on Wednesday of factories in its supply chain to prove it had nothing to hide in its push to sell products that are free of slave labour.

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Opportunity:

Primark has a major opportunity in the market, with the rise in obesity levels, the UK being in the top 10 countries with rapid increase in obesity levels. This opens a new type of consumer in the market for Primark to address the needs of these consumers.

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Threat:
With almost every market becoming computerised and technology based, Primark has not adapted to this trend. The company is under threat from direct and indirect competitors as they all have utilised this new tool.

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Political:
Brexit has caused instability in financial markets and business environments. This has caused a lot of uncertainty for Primark who have operations in Europe too.

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PRIMARK's owner has promised that the company will take a hit to profits rather than raise prices for shoppers when costs jump after Brexit.

John Bason is the finance director of Associated British Food (ABF), the company which owns Primark.

Yesterday he said he was confident that customers won't see prices rise in Primark stores.

He said: "Consumers can comfortably expect no price increases."

"We are managing the decline in the pound and we accept it will affect margin and take that on board ourselves."

Bason also added that the retail chain had a "history" of keeping prices low and will try its best to shield customers from Brexit price hikes.

The value of the pound has collapsed because of Brexit uncertainty, which is causing an increase in the price of goods for British shops and businesses.

Luckily, Primark's owner is safe from much of this drop as two-thirds of its profits are made outside of the UK.

In fact, Bason said he expects the company will make £10million out of the declining pound - so shoppers need not worry about rising prices.

The company that owns Primark, ABF, also owns brands such as Ryvita, Silver Spoon and Twinings.

They also own sauce brands Pataks and Blue Dragon.

Profits in these businesses are much higher, meaning Primark's owners can afford to take a hit when Brexit comes.

In fact, the falling pound has meant more shoppers are heading to Primark's London shops as tourists take advantage of cheaper goods.

"London stores are trading really well. Brexit is not a big deal for Primark, it is more of an event for other people," Bason said.

The company has opening plenty of new stores recently including its biggest ever store in Birmingham, UK earlier this year which has 160,000sq ft m of shopping space over five floors.

It may not be quite as big as the world's biggest Primark, but Starbucks is opening its largest ever four-floor store in Chicago.

Something else that could rise in price is supermarket alcohol, but there's a very good reason for it.

You're safe from Primark price rises, but here's how to protect your money if Corbyn gets into Number 10.
We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk

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Primark boss says prices will NOT rise after Brexit despite rising costs

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PRIMARK's owner has promised that the company will take a hit to profits rather than raise prices for shoppers when costs jump after Brexit. John Bason is the finance director of Associated British Food (ABF), the company which owns Primark. Yesterday he said he was confident that customers won't see prices rise in Primark stores.

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Economic:
Due to Brexit there has been a fall in the value of £. However this benefit Primark, due to the fact that the low exchange rates will mean translation benefits for Primark.

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Social:
Rising obesity levels present a major gap in the market for Primark to accomdate for plus-size consumers.

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PRIMARK has updated its clothing range to make it more inclusive for shoppers - and people have taken to Twitter to share their support.

The store has switched from numbered sizing to S, M, L options, and is now expanding this to include 2XS (a UK size 4) to 2XL (a UK size 24).

A Primark spokesperson told the Sun Online: "Primark is launching new improved sizing across selected products in our womenswear, lingerie and nightwear departments.

"Selected products across womenswear, lingerie and nightwear that are single sized (e.g. 8,10,12) as well as those that are dual-sized (e.g. 8-10, 10-12) will be updated for a more comfortable fit and to ensure consistency across our ranges for all our customers.

"Within these departments, single sizes and dual sizes will now be denoted with a letter conversion such as S, M, L. All labelling on products and in store will therefore include numeric and letter conversions.

"Customers will see increased point of sale guides within our stores and on our website. Our updated size scale also now ranges from 2XS to 2XL for selected product areas."

The topic of a wider range of sizes was brought up on Good Morning Britain, and viewers were asked for their opinion on the rise of plus size fashion.

The TV show posted on Twitter: "Some experts are saying that the rise in plus size fashion ranges and models is fuelling the obesity crisis by 'normalising' being overweight.

"Do you agree?"

Of course, shoppers had a very mixed reaction to the query.

One Twitter user wrote: "No matter what size, everyone has a right to feel pretty and be comfortable. Educate on food, not how to dress."

No matter what size, everyone has a right to feel pretty and be comfortable. Educate on food, not how to dress.
- Aimée Flanagan (@aimeeflan) June 29, 2018

Certainly not normalizing obesity. But plus size people should have the right to wear nice and comfortable clothing too - not too small jeans! The problem is with nutrition/exercise. #GMB #gmb #plussizefashion
- Ruth Andrew (@Ruthless1984) June 29, 2018

wouldn't say that it's "fuelling" a "crisis" but I would say that it is normalising being overweight.
I'm not saying people shud aspire to be catwalk skinny but I am saying that people need to take ownership of them being overweight and take measures to tackle it.
- Nichola Hughes (@nichola_hughes) June 29, 2018

Another added: "What a load of rubbish , it didn't seem that long ago that they was saying that skinny models was causing people especially young girls to be anorexic."

However, one social media user commented: "wouldn't say that it's "fuelling" a "crisis" but I would say that it is normalising being overweight. I'm not saying people shud aspire to be catwalk skinny but I am saying that people need to take ownership of them being overweight and take measures to tackle it."

Primark isn't the only brand to champion plus size shoppers.

There are not many brands that support model diversity in the fashion industry, so ASOS has been getting a virtual round of applause for taking the leap.

Not only have they completely stopped retouching models, they're also using models of all shapes and sizes.

ASOS are standing up against the world where retouching is the norm, and showing everyone what real women look like in their clothes.

One model in particular has been in the limelight, and that's Vivian Eyo-Ephraim after a picture of her in a yellow ASOS bikini went viral on Twitter.

Around 45 per cent of British women are a size 16 or bigger.

In other news, Primark is selling a £2 copy of Meghan Markle's ring.

Would you try out the side split jeans that everyone is talking about?

Also, here's how to wear this season's slip dress.

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Primark has expanded its clothing sizes for a 'more comfortable fit' - and the range now goes from a size four to 24

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PRIMARK has updated its clothing range to make it more inclusive for shoppers - and people have taken to Twitter to share their support. The store has switched from numbered sizing to S, M, L options, and is now expanding this to include 2XS (a UK size 4) to 2XL (a UK size 24).

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Technological:
The growth of online commerce offers Primark new sales opportunities to sell to new or existing customers in the future.

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Latest Retail Technology News From Across The Globe - Charged

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Primark is understood to be considering making the jump to online retail for the first time since its inception in 1969.

During the opening of the largest Primark store in the world earlier this week, its chief executive Paul Marchant informed analysts that the budget fashion giant was considering trialing a click-and-collect service.

Marchant said that the move would allow the retailer to supply its full range to customers at smaller stores in its UK estate, but added that it was likely to be a limited trial by region and product group.

This marks a significant shift for Primark which has historically steered clear of online sales due to its low-price points making delivery difficult to achieve.

READ MORE: Spotlight: Primark's new Birmingham megastore

However the finance director of Associated British Foods (ABF), which owns Primark, John Bason said that if there were any opportunities for Primark online "it would be click and collect".

It also already has a strong online presence on social media, boasting 7 million Instagram followers and 236,000 Twitter followers.

Its budget price point would put it in direct competition with online giants like Boohoo, and Missguided.

Despite these hints, Primark has remained clear that it will continue to focus on its bricks-and-mortar presence, with executives adding that it could add a further 1 million sq ft to its existing 7 million sq ft UK estate.
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Primark is understood to be considering making the jump to online retail for the first time since its inception in 1969. During the opening of the largest Primark store in the world earlier this week, its chief executive Paul Marchant informed analysts that the budget fashion giant was considering trialing a click-and-collect service.

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Legal:
New workplace pensions legislation forces "automatic enrollment for companies. This makes it compulsory for all companies to contribute 3% to their employees’ workplace pension for eligible British workers.

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The law now obliges every workplace to offer a workplace pension scheme that fulfils certain criteria, and to make contributions to the pension plans of employees who are paying into the scheme.

Pension Auto Enrolment

The law on workplace pensions has changed. Under the Pensions Act 2008, workplace pensions have become 'opt-out' rather than 'opt-in', which means most employees are automatically enrolled into a pension provided by their employer. The law also requires employers to pay into their employees' pension schemes.

The law has been brought into force gradually, beginning with big employers before rolling out to smaller workplaces. As of early 2018, Auto Enrolment rules now apply to all employers in the UK.

Who does the workplace pension law apply to?

Generally, if you're a UK-based employee aged between 22 and State Pension age and you earn at least £10,000 per year, you will be automatically enrolled into your workplace pension scheme.

How much do employers and employees need to contribute?

Currently, the minimum employee contribution into an Auto Enrolment pension scheme is 5% of your annual 'qualifying earnings', which includes tax relief of 1%. The law also requires your employer to pay at least 3%.

About PensionBee

PensionBee combines and transfers all your old pensions into one new online plan. Find out more about PensionBee or sign up now.
Risk warning As always with investments, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice.
Last edited: 28-03-2019

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The law now obliges every workplace to offer a workplace pension scheme that fulfils certain criteria, and to make contributions to the pension plans of employees who are paying into the scheme. The law on workplace pensions has changed.

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Enviromental:
The rise of ethically and enviromentally concious and friendly consumers leading to new trends of use of cotton and recyclable materials.

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As an international retailer with a complex supply chain we make a real effort to reduce our impact on the planet wherever we can. The work of Primark's Environmental Sustainability team covers many things; how raw materials such as cotton are sourced, the environmental impact of manufacturing processes in factories, the efficiency of Primark stores and our commitment to recycle wherever possible. It all makes a difference.

Some things we've been doing for longer than others. For example, our customers have been showing off our brown paper bags for years. We also have a longstanding partnership with the children's charity Newlife in which we donate unsold items from our European stores, and our buying samples. In doing so, we're able to reduce the number of unsold items that could end up in landfill, whilst helping Newlife to raise money.

Our work with partners is an important part of how we make progress in tackling big sustainability challenges. For example, we are reviewing the type of chemicals used to dye materials that our clothes are made from through the Zero Discharge of Hazardous Chemicals programme. We're also a member of industry-wide initiatives such as the Sustainable Apparel Coalition (SAC) to work together to improve supply chain sustainability.

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