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Primark to invest £140m to boost high street presence

Primark is to invest £140m in new stores and the creation of 850 new jobs across the UK. Primark said the investment was proof it’s “committed… View Article

FASHION

Primark to invest £140m to boost high street presence

Primark is to invest £140m in new stores and the creation of 850 new jobs across the UK.

Primark said the investment was proof it’s “committed as ever” to the UK where it wants to see “thriving high streets”.

The retailer will create at least four new outlets in the next two years, while upgrading and refurbishing existing stores, over a two year process.

It will open four stores in Bury St Edmunds, Craigavon, Salisbury and Teesside Park, increasing its selling space by more than 160,000sq ft.

It will also invest in its existing stores, relocating outlets in Bradford and High Wycombe to higher profile sites and while refurbishing and upgrading other high street and shopping centre stores.

Chief executive Paul Marchant said: “The UK is our biggest market and, as we continue to grow and expand our business internationally, we remain as committed as ever to investing in our stores to offer more customers our great value clothing, beauty, homewares and much more.”

“Busy towns and cities benefit us all – we want to see thriving high streets and shopping centres where people come together and enjoy spending time. “

“Through today’s investment, we’re playing a part in ensuring that UK retail continues to grow and thrive and give people another reason to visit their local high street.”

Primark currently have 130 stores employing more than 30,000 staff in the UK.

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