Company profile primark

FSP Retailer Profiles Primark

FSP Retailer Profiles - Primark About Founded in Dublin in 1969 as Penneys, Primark is a childrens wear, menswear and womens wear retailer. As of June 2010, Primark/ Penneys had 177 outlets in the UK and Ireland, 139 of them in the UK (including 8 in Ulster) and the History remainder in the Republic of Ireland. The company continues to trade under the Penneys fascia in Republic of Ireland and also trades in Holland and Spain. As with • 1969 - The first Penneys store opened in Mary Penneys, Primark is positioned in the Lower Middle/Value sector of the general Street, Dublin merchandising market, with its main focus on Family Safe fashion. Primark targets • 1971 - The first large store outside Dublin was young, fashion-conscious under 35s, providing fashion basics at value for money prices. opened in Cork Primark is a member of the Ethical Trading Initiative. • 1971 - 11 more stores open in Ireland and one Primark is a private limited company whose holding company is Associated British Foods in Northern Ireland plc. According to its own publicity, Primark is the 2nd largest clothing retailer in the UK • 1973 - The number of stores had reached 18 in overall in volume terms and leads the highly competitive and still expanding - value Ireland and Primark began trading in Great clothing segment. Britain with four out-of-town stores. • 1984 - The first multiple acquisition took place with the purchase in Ireland of five Woolworth stores Recent News Primark Trading Countries • 1992 - A flagship store was purchased in • 18/02/2011 - Former Primark buying boss joins UK, Ireland, Spain, The Netherlands, Portugal, • 1995 – Development of the UK business with New Look Germany & Belgium the addition of 16 stores • 15/02/2011 - 50% off at New Look as private • 2001 – 2005 continued UK and Ireland equity backer cuts valuation expansion • 2006 – Expansion into Spain • 05/02/2011 - White is new man at New Look • 2008 - Expansion into Netherlands, Portugal, • 21/01/2011 - New Look is looking to widen its Germany and Belgium offer • 13/01/2011 - New Look suffered a 9.1% plunge in like-for-likes Year BIS Guide • 05/01/2011 - Business Review - Year ended 272002 Very strong March 20102003 Very strong • 19/11/2010 - New Look hires former Selfridges2004 Very strong marketing director for new role2005 Very strong • 12/11/2010 - New Look launches inquiry into2006 Very strong supply chain2007 Healthy • 11/11/2010 - New Look like-for-likes slump2008 Fairly healthy against strong comparatives2009 Fairly healthy ©FSP 2010. BIS © Department for Business Innovation and Skills. 2 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk

FSP Retailer Profiles - Primark Primark Sales Primark Financial Health Primark P2 200 1800000 1600000 190 1400000 180 1200000 170 Millions 1000000 160 P2 800000 Sales Exc Vat 150 P2 600000 UK Sales Exc Vat 400000 140 200000 130 0 120 2002 2003 2004 2005 2006 2007 2008 2009 2002 2003 2004 2005 2006 2007 2008 2009 Year Year ©FSP 2010. BIS © Department for Business Innovation and Skills.3 The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk

FSP • 19 Manor Courtyard • Hughenden Avenue High Wycombe • HP13 5RE • UK T +44 (0) 1494 474740 F +44 (0) 1494 474262 E fspretail@fspretail.co.uk W www.fspretail.co.uk & www.snap-shop.co.ukFripp Sandeman and Partners Limited, trading as FSPG Nicholson (Managing Director) J H Fell J Hewson K GunnRegistered Number 1284879Registered Office 19 Manor Courtyard Hughenden Avenue HighWycombe Buckinghamshire HP13 5RE

Company profile primark

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