Neil Saunders’ Post

Great to see brand licensing called out specifically in this as a way in which Primark stays relevant and draws people into store - including in new stores in the US. #retail #brandlicensing #licensing #fandom https://lnkd.in/epSQmaf6

Major growth alert! Primark is planning a £100m re-fit programme for new and existing UK stores, expected to reach 195 stores by the end of 2024. This includes substantial extensions, exciting relocations, and the opening of new stores. Find out which locations made the list and learn more about this ambitious project here: #Primark #retailmanagement #businessgrowth

Primark is an Irish-based chain known for its strategic brilliance and low-cost corporate culture. The parent company of Primark is Associated British Foods, a $25 billion public company with operations in 55 countries. Primark has been expanding in the U.S. market since 2015 and currently has 27 stores, with plans to reach 60 by 2026. The company follows a fast-fashion model with a focus on everyday low prices and no advertising or marketing gimmicks. Primark offers a wide range of products at very affordable prices, including licensed goods from popular properties like Disney and Marvel. While Primark has sustainability initiatives, it faces criticism for its disposable product model. Despite having fewer stores compared to major retailers, Primark's expansion plans and strategic approach make it a serious player in the specialty store space. European retailers that have successfully entered the U.S. market started slowly and ramped up expansion, which is a strategy Primark seems to be following. While competitors like H&M, Zara, and Ikea may not be overly concerned about Primark yet, the company's growth and business model could pose a threat in the future. #primark #fastfashion #usretail https://lnkd.in/dxgAmeEi

Following a robust first half, in which Associated British Foods plc. witnessed 39% growth in profit, they were projecting huge growth in its full-year profit. That performance was driven mostly by strong margin recovery in both the Primark fashion retail business and food operations. This is only the beginning of the Primark outperformance story, with revenues up 7.5% at £4.5 billion and like-for-like sales growth of 2.1%. They see further success as new store openings continue and thus maintain sales growth. Furthermore, Primark has forecasted an improved adjusted operating margin of moderate nature in the second half, reflecting the better product costs and a reduction in the shipping cost. On the grocery side, the division continues robustly with brands such as Twinings, Jordans Dorset Ryvita, Kingsmill, and Ovaltine. In this area, too, a strong improvement in their profitability is expected. Strategic initiatives in place across their business units are paying off despite a soft consumer environment. As usual, Primark will be vigilant towards global market conditions, which now include monitoring the situation in the Red Sea but are not expected to experience serious disruptions. #BusinessGrowth #RetailSuccess

Do you shop with huge but trusted retailers or opt for independent business? Primark's £100m investment in UK stores for 2024 underscores its massive growth, yet it also highlights challenges for independent brands. While Primark dominates with its scale, smaller brands possess a unique edge: sustainability and personalised experiences.🤝 Today's consumers crave authenticity and connection, making room for smaller players to shine. Economic consciousness further amplifies this trend. Small brands can leverage storytelling and direct interaction to stand out in a crowded market of retail giants. Your size doesn't limit your impact—embrace it and engage with your audience on a personal level.🔐 You can read the full article here: https://bit.ly/3P8YgUq 💥 If you want to take advantage of being a small business and find out how customer centric you are and ways to improve further, click the link and do my free, 5 minute quiz. https://bit.ly/3Pa2T0E #SmallBrandBigImpact #Sustainability #CustomerConnection

Spain Emerges as Primark's Second Economic Powerhouse: The Changing Landscape of Retail Marking another milestone in its expansion journey, Primark is set to unveil its newest store in the heart of Madrid's La Vaguada shopping center next Thursday. This move not only underscores Spain's pivotal role as Primark's second-largest market but also signals a notable shift in dynamics within the retail sector. With Madrid at its focus, Spain has become a vital market for Primark, led by the continuous wave of store openings, resulting in a significant reshuffling amongst industry players. As Primark solidifies its position as a low-cost retail giant, it is stepping in to fill the voids left by other operators, as evidenced by the takeover of prime locations previously occupied by El Corte Inglés. This forthcoming inauguration marks Primark's 61st store in Spain, aligning with its ambitious roadmap announced in late 2022. With a commitment of €100 million investment and the creation of 1,000 new jobs by 2024, the brand is steadfast in its dedication to the Spanish market's growth and prosperity. The expansion into La Vaguada sees Primark repurposing a vast commercial space, once under the helm of El Corte Inglés. This strategic maneuver highlights the evolving landscape of retail, where adaptability and efficiency are paramount for sustained success. Primark's expansion plans extend beyond La Vaguada, with four additional openings slated for the Community of Madrid this year alone. With each new venture, Primark not only reinforces its foothold in Spain but also revitalizes local economies and job markets. Despite facing challenges exacerbated by the pandemic, Primark's resilience shines through, as evidenced by its commendable growth of 33% in the Spanish market in 2022. As the company continues to thrive, its commitment to fostering employment and economic vitality in Spain remains unwavering. As Primark charts its course for sustained growth and innovation, Spain emerges as a cornerstone of its success story, embodying the essence of collaboration, resilience, and forward momentum in the ever-evolving retail landscape. #primark #primarni #spain #retail #ecommerce #fashion

Today’s results from Primark defy the retail industry's year-end slump with revenue up 7.5% to £4.5bn, marking a robust performance in H1. Despite prevailing market headwinds, the retailer’s prudent pricing strategy, marked by selective increases and steadfast value proposition, continues to resonate with cost-conscious consumers and underpins the business’s long-term resilience. Strategic measures including careful stock management and cost containment have helped to significantly improve Primark’s operating profit up 46% to £508m, marking a close to the business’s battle with inflation, and an impressive recovery of margin to 11.3%. Furthermore, the expansion of click-and-collect services underscores Primark's adaptability to the evolving digital landscape, promising further growth opportunities. The outlook for Primark remains promising, fuelled by continued store expansions to drive volume and investment in digital advancements. With a firm grip on its operational levers and unwavering consumer appeal, Primark stands poised for a bright future in the fast-fashion realm.

👚 Primark: 5 Fun Facts! From its modest origins to its current global stature, Primark offers a wealth of intriguing facts Discover five of these interesting facts below... Delve into the world of Primark with us and share your thoughts in the comments below! 💬 Know any more Primark facts? Share them down below 💬 #PrimarkRevelations #PrimarkDiscoveries #PrimarkUnveiled #FashionInsights #RetailGems #PrimarkSpotlight #RetailInsight #Retail

Retail Today / Retail Renaissance: So not all mall retailers are struggling, some have transformed themselves into the hottest brand in years. Abercrombie is on 🔥🔥🔥🔥! Their stock performance last year up 285% 💥💥💥! $4 Billion in sales, +10% growth! Why? They went from hated just a few years ago to loved, by transforming their marketing, appealing to a different demographic and audience. Good old fashion merchandising, product design, fashion, style that appealed to #millennials. This is how you get beyond Fast-Fashion, by building demand for quality products. Under the radar, hundreds of Specialty Retailers are taking a different approach to the demand of cheap products and low prices. Opportunity? Was this what Gap missed? #retail #retailindustry #retailtrends #retailstrategy #retailexperience #merchandising #fashion #style #marketing #stores #shoppingexperience #brandexperience #sales #quality #millenials #genz #abercrombie #gap Abercrombie & Fitch Co.

This week’s retail recap: Walgreens disclosed plans to close a “significant” portion of its underperforming stores, Shein filed for an initial public offering on the London Stock Exchange, and Nothing Bundt Cakes announced plans to open 120 new locations in 2024. The Wall Street Journal: Walgreens Plans Major U.S. Store Closures; Shares Tumble 💊 Walgreens announced plans to close a significant portion of its ~8.6k stores, and reduce its stake in VillageMD, a primary care provider https://lnkd.in/eYn3Cirw The Wall Street Journal: Fashion Empire Shein Files for London IPO 👗SHEIN filed a confidential application for an initial public offering on the London Stock Exchange https://lnkd.in/eXMGrVk4 Restaurant Dive: Nothing Bundt Cakes Plots Path to 1k Units by 2027 🍰Nothing Bundt Cakes disclosed plans to open 120 new locations in FY’24, as the company works towards its goal of operating 1k stores by FY’27 https://lnkd.in/eYB3yEn4