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Primark

From Wikipedia, the free encyclopedia
Irish multinational fast-fashion company
"Penneys" redirects here. For the American retailer, seeJCPenney. For the unrelated Philippine community mall chain, seePrimark Town Center.

Primark Limited

The original shop on Mary Street, Dublin
Penneys (in Ireland)
Company typeSubsidiary
IndustryRetail
Founded13 June 1969; 56 years ago (1969-06-13) inDublin, Ireland
FounderArthur Ryan, Micaela Mitchell[1]
HeadquartersArthur Ryan House, 22–24 Parnell Street,
Dublin
,
Ireland
Number of locations
476[2] (2025)
Area served
  • Ireland
  • United Kingdom
  • Spain
  • The Netherlands
  • Portugal
  • Germany
  • Belgium
  • Austria
  • France
  • Italy
  • United States
  • Slovenia
  • Poland
  • Czech Republic
  • Romania
  • Hungary
  • Slovakia
  • Kuwait
Key people
Eoin Tonge (interimCEO)
Products
RevenueIncrease £9,448 million[3] (2024)
Number of employees
Increase 82,000 (2024)
ParentAssociated British Foods
Websiteprimark.com
Footnotes / references
[4][5][3][6]

Primark Limited[7][8] (/ˈprmɑːrk/; trading asPenneys in Ireland)[9][10] is an Irish multinationalfashion retailer with headquarters inDublin, Ireland,[11] with outlets across Europe and in the United States. The originalPenneys brand is not used outside of Ireland because it is owned elsewhere by American retailerJCPenney.

History

[edit]
The company's original logo introduced in 1969

The company's first shop, namedPenneys and still in operation today, was established at 47 Mary Street inDublin byArthur Ryan and his business partner Micaela Mitchell[1] in June 1969 on behalf of theWeston family, who had founded Allied Bakeries Limited in 1935, which was later renamedAssociated British Foods (ABF).[5][12] A second Penneys shop on Main Street,Finglas, was opened the following month.[13] The first major shops outside of Dublin were opened in the cities ofCork andBelfast in 1971, both under the name ofPenneys.[14][15][16]

The company subsequently expanded outside of Ireland and into Great Britain, opening a shop inDerby in 1973.[14] By 1974, the business had 24 shops, including three in Scotland and two in England, all operating under thePenneys brand.[15][17]

The American company,JC Penney, opposed the use ofPenneys as a business name. JC Penney registered the various business names ofPenneys' parent company in countries throughout Europe, in order to put pressure on it to relinquish its registration of thePenneys brand, and issued court proceedings disputing the use of the brand. Following an injunction granted by theHigh Court of England in June 1974, the two shops in England were rebranded asPrimark, named after the in-house clothing brand that had been introduced by the business early on.[18] However, thePenneys brand continued to be used in Ireland and Scotland, and in 1975–1976, four morePenneys-branded shops were opened in Scotland and Northern Ireland.[15]

Eventually, the two companies settled their dispute. Penneys/Primark agreed that from 27 August 1976 onward, it would only use thePenneys brand in the Republic of Ireland, with its shops elsewhere, including inNorthern Ireland, to be rebranded asPrimark. In exchange, JC Penney agreed to relinquish its registration of the various business names of Primark's parent companies throughout Europe, and agreed not to trade under thePenneys brand in the Republic of Ireland.[15] Since that date, the business has been known asPenneys in the Republic of Ireland and asPrimark elsewhere.[5][19]

The company's first Primark-branded logo introduced in 1974

In 2005, Primark bought UK retailerLittlewoods's retail shops for £409 million, retaining 40 of the 119 shops and selling the rest.[20]

In May 2006, the first Primark shop in mainland Europe opened inMadrid, Spain. In December 2008, Primark opened in the Netherlands, followed by Portugal, Germany and Belgium in 2009.[21][22]

In 2009, having led the business since its foundation in 1969, Arthur Ryan retired as Chief Executive and became Chairman instead. He was replaced as Chief Executive by the company's Chief Operating Officer, Paul Marchant.[23][24]

The business expanded into Austria in 2012, France in 2013, and Italy in 2014.[21][22]

On 24 April 2013, theRana Plaza clothing factory, which manufactured goods for Primark and other international brands, collapsed, killing 1,134. Primark went on to become the largest contributor of compensation, paying over US$10 million for deceased, missing, and injured claims.[25][26][27]

Primark opened its current headquarters in 2015 in a redeveloped Dublin building, Arthur Ryan House, formerly Chapel House.[6][28][29][4]

In 2015, Primark opened its first United States shop inBoston, later expanding intoNew York City,Philadelphia,Danbury andChicago.[30][31][32][33] Having built a chain of around 40 shops in Spain, Primark opened a second outlet in Madrid in October 2015, its second-biggest in the world.[34] The largest Primark shop opened inBirmingham on 11 April 2019, occupying the former Pavilions Shopping Centre of 161,000 sq ft (15,000 m2), with five floors including a beauty salon,Disney-themed café and a barbershop, and adding the largestGreggs fast-food outlet in the world in February 2022.[35][36] On 13 June 2019, Primark expanded to Slovenia with a shop inLjubljana.[37]

On 23 March 2020, Primark temporarily closed its 189 UK shops, as a result of government restrictions during the COVID-19 pandemic.[38] Its 153 shops in England re-opened on 15 June 2020.[39] As a result of the lockdowns, the company reported a sales loss of £430 million.[40]

On 10 August 2020, Primark opened its first shop in Poland in the Galeria Młociny shopping centre inWarsaw, later expanding intoPoznań,Kraków,Katowice,Wrocław andŁódź. In June 2021, Primark opened the first shop in the Czech Republic inPrague, occupying the area of 50,590 sq ft (4,700 m2) and serving as a flagship for the region of Central and Eastern Europe.[41]

In 2021, Primark unveiled a sustainability strategy that set targets to reduce textile waste, halvingCO2 emissions and improving the life of Primark workers.[42]

On 15 December 2022, Primark opened its first shop inRomania, inBucharest.[43][44] On 20 June 2023, Primark opened its second shop in Bucharest.

In November 2022, Primark announced it was going online with a new click-and-collect service. This announcement came after the company lost more than £1 billion in sales during the COVID-19 pandemic, when its shops had to be temporarily closed, while the competitors with online shops had smaller or no financial losses.[45] The click-and-collect service was launched as a trial in 25 shops in north-west England,Yorkshire and north Wales for children's products only. However, on the day of launch of the new service, the company's website crashed, causing issues for people trying to access it.[46]

On 8 February 2024, as part of expansion plans, Primark announced a major scheme in which five shops would open and 15 (including its shop onOxford Street) would be renovated. Primark also opened a distribution centre inJacksonville, Florida.[47][48]

On 21 May 2024, Primark unveiled a new brand identity, revealing a more curved and bold logo based on its 2005 logo, along with changing the colour slightly.[49]

On 28 May 2024, Primark opened its first Hungarian shop in the Arena Mall inBudapest. On 20 June 2024, it was announced that the business intended to invest more than €40 million on its Portuguese business, including opening four further shops in Portugal, as part of its plan to have 530 shops internationally by 2026.[50] On the day after, theColombo shop extension, inLisbon, was inaugurated. With a 40% increase in size to 6,038 square metres (64,990 sq ft), it became the largest single-floor Primark shop in the world.[51][52]

On 6 March 2025, the business opened its first ever standalone homeware shop, in Belfast.[53]

On 31 March 2025, Paul Marchant resigned asCEO of Primark following an investigation into inappropriate behaviour towards a woman in a social setting. Marchant admitted to an error in judgement, apologised to the individual, the ABF board and his colleagues, and accepted that his actions fell below the company's expected standards. Eoin Tonge, ABF's finance director, was appointed as interim CEO.[54][55]

On 9 May 2025, Primark announced it was doing a franchise partnership withAlshaya Group in opening four stores inthe Gulf. This would consists of one store inThe Avenues shopping centre inKuwait opening in October 2025,[56] and three stores inDubai opening in 2026, at theDubai Mall,Mall of the Emirates, andCity Centre Mirdif.[57]

Corporate affairs

[edit]
Key trends for Primark (financial years ending 17 September)[58]
YearRevenue
(£m)
Adjusted
operating
profit
(£m)
Number of
employees
(1000s)
Number
of shops
Number of
served
countries
Selling space
(million
sq ft)
20146,95066254278910.2
20155,347673612931011.1
20165,949689683151112.3
20177,053735733451113.8
20187,477843753601114.8
20197,792913783731215.6
20205,895362703841316.2
20215,593321713981416.8
20227,697756724081417.3
20239,008735764321618.1
20249,4481,108824511718.7
Primark shops by country
CountryNumber
of shops
England157[59]
Spain63[60]
Republic of Ireland38[61]
Germany32[62]
US28[63]
France27[64]
Scotland21[65]
Netherlands21[66]
Italy16[60]
Portugal10[60]
Northern Ireland9[67]
Belgium8[68]
Wales8[69]
Poland7[70]
Austria5[71]
Romania3[72]
Czech Republic3[73]
Slovenia1[74]
Hungary1[75]
Slovakia1[76]
Kuwait1
Total460

Products

[edit]

Primark offers a diverse range of products, including: baby, children's, women's and men's clothing, accessories and footwear; beauty products; housewares and confectionery. The chain sells clothing at prices below those typically charged by other retailers.

From 2014, Primark began selling makeup products.[77] Primark started selling vegan snacks from January 2018.[78]

Along with retailers such asZara andH&M, Primark contributes to the contemporary fast fashion trend. According to an article about Primark inThe Economist, "For many shoppers, Primark has an irresistible offer: trendy clothes at astonishingly low prices. The result is a new and even faster kind of fast fashion, which encourages consumers to buy heaps of items, discard them after a few wears and then come back for another batch of new outfits."[79]

In 2020, Primark launched their Wellness collection which includes 80 eco-conscious products.[80] All of the products are made of organic, sustainable or recycled materials. This is part of the retailer's commitment to be more responsible for its footprint.[81]

Media

[edit]

In early 2024,RTÉ broadcast a six-part documentary, entitledInside Penneys, exploring the workings of the business.[82][83]

Working practices

[edit]

In 2006, Primark joined theEthical Trading Initiative (ETI), a collaborative organisation bringing together businesses,trades unions andNGOs to work onlabour rights issues in their supply chains.[84] ETI members commit to working towards the implementation of a code of conduct based on theInternational Labour Organization's core conventions.

In December 2008, the UK charityWar on Want launched a new report, Fashion Victims II, that showed conditions had not improved in Bangladeshi factories supplying Primark, two years after the charity first visited them.[85]

On 9 January 2009, a supplier was forced by ETI to remove its branding from Primark shops and websites following aBBC/The Observer investigation into the employment practices. The investigation alleged the use of illegal immigrant labour and argued that the workers were paid less than the UK legal minimum wage.[86]

On 16 June 2011, the BBC Trust's Editorial Standards Committee (ESC) published its findings into aPanorama programme[87] "Primark: On the Rack", broadcast in June 2008. The programme was an undercover investigative documentary examining poor working conditions in Indian factories supplying Primark. Although Primark subsequently stopped doing business with the Indian supplier, the ESC concluded that footage in the programme was 'more likely than not' to have been fabricated.[88] The ESC directed the BBC to make an on-air apology and to ensure that the programme was not repeated or sold to other broadcasters. Primark created a specific website to deal with the issues around the programme.[89]

In 2011 and 2012, Primark achieved 'Leader' status in the Ethical Trading Initiative.[90]

In June 2013, two labels both stitched with allegedSOS messages were separately found in garments purchased from a shop in Swansea, Wales. Primark argued the supply chain showed these label messages were a hoax.[91]

Also in June 2014, a customer from Ireland allegedly found an SOS note wrapped in a prison ID card in the pocket of trousers purchased from a Primark shop several years earlier.[92] The letter was written in Chinese and said to report that prisoners were forced to work "like oxen" making fashion clothes for export for 15 hours per day and that the food they were given would not be fit for animals.[93]

A year and a half later an alleged SOS note from a Chinese torture victim was found in socks purchased from Primark.[94]

In 2020, it was reported that Primark joined the United Nations’ Fashion Charter and committed to reducing greenhouse gas emissions by working across its value chain, beyond Primark operations.[95][96]

In 2025,Primark opened their first branch in the Middle East with the avenues mall in Kuwait opening its first Middle East branch on October 23.It replacesDebenhams after the agreement from theAlShaya group in September 2024 and being publicly announced in May 2025.

Gallery

[edit]

References

[edit]
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  2. ^https://www.irishtimes.com/your-money/2025/11/10/penneys-moment-could-a-long-awaited-spin-off-finally-pay-off/
  3. ^ab"Annual Report and Accounts".Associated British Foods. 2024. Retrieved8 August 2025.
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External links

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