Tuesday, November 8, 2016

Primark Steps Up U.S. Expansion

Image result for primarkPrimark owner Associated British Foods PLC said awareness of the Primark brand has grown in the U.S., where its offerings include $10 women’s jeans and $3 men’s cotton T-shirts. It now has five stores, most recently opening in regional malls in Connecticut, New Jersey and Pennsylvania. A spokeswoman said Primark plans to open three new U.S. stores, in Burlington, Mass., Braintree, Mass., and New York’s Staten Island borough, and will expand its Boston store by 31%, to 92,400 square feet.

The U.S. expansion is part of a steady rollout of new stores by Primark, which now has stores in nine countries outside the U.K. and Ireland and doesn’t sell clothing online. Overall, the company said it plans to open a further 1.3 million square feet of space in fiscal 2017, an acceleration from last year, when it opened 1.2 million square feet.. . . more

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