Discount clothing chain Primark is opening more stores in the U.S. and Europe and rolling out new concepts, underscoring its commitment to brick-and-mortar retail.
The company, which Associated British Foods Plc owns, will open an additional 1 million square feet of selling space next year, Bloomberg reports. Meanwhile, a concept store that Primark opened five months ago in Birmingham, England, and which features a cafeteria and a beauty salon, is performing well, the company says. Primark is introducing the model to Spain, through a store at a mall in Seville.
Primark's first U.S. store opened in Boston in September 2015
Primark is a store-only retailer, selling nothing over the Internet.
“We are the people investing in the high street and in the U.K. That distinguishes Primark from our competitors,” said John Bason, finance director of AB Foods, as Bloomberg reports.
Primark was established in 1969 and operates about 350 stores across Europe and the U.S. today.
By Edmund Mander