Primark gears up for flurry of H2 openings
Primark has planned a strong store opening programme for the second half of the financial year as it works towards increasing its selling space by 1.2m during the period.
The retailer, owned by Associated British Foods, said the new stores planned for the remainder of this financial year would be in Toulouse, France; Munich and Ingolstadt, Germany; Antwerp, Belgium; Valencia, Spain; Brooklyn, US; Tilburg, the Netherlands; Burnley, UK; and in the Westfield London shopping centre at White City.
The firm added that it also expected to reach an agreement shortly to open a store in late 2019 in Florida, US.
Primark has planned a strong store opening programme for the second half of the financial year as it works towards increasing its selling space by 1.2m during the period.
The retailer, owned by Associated British Foods, said the new stores planned for the remainder of this financial year would be in Toulouse, France; Munich and Ingolstadt, Germany; Antwerp, Belgium; Valencia, Spain; Brooklyn, US; Tilburg, the Netherlands; Burnley, UK; and in the Westfield London shopping centre at White City.
The firm added that it also expected to reach an agreement shortly to open a store in late 2019 in Florida, US.
As at 3 March it was trading from 14.3m sq ft across 352 stores, up from 13.1m sq ft a year earlier, according to a first-half trading update, which also reported sales at 7% ahead of last year.
A total of 1.2m sq ft of new selling space is still expected to be added in its current financial year, as well as the “strong programme” planned for the second half.
Seven new Primark stores opened in the 24 weeks to 3 March 2018, including two UK stores, in Charlton, south-east London, and Staines in Berkshire.
