DUBLIN – British fast fashion retailer Primark says it will invest more than £100m in its UK stores in 2024, as it marks 50 years on the British High Street. The news marks a contrast to other players in the fast fashion space, where the focus has been on the consolidation of bricks and mortar store space and, in many cases, store closures.
This year Primark will open new stores in Bury St. Edmunds as well as Teesside Park and Glasgow Fort later in the year. Alongside these, Primark will open some of its biggest ever store extensions across the country: London’s Westfield Stratford store will almost double in size to more than 81,000sq. ft to become the second largest Primark in the capital, while Metrocentre in Gateshead, Tyneside, will grow to almost 80,000sq. ft.
The new stores and major extensions will result in almost 700 new jobs across these stores this year, ranging from retail assistants to store manager positions.
Kari Rodgers, UK Retail Director at Primark said: “We’ve changed a lot in the 50 years since we opened the doors on our first store in Great Britain in Derby back in 1974, but at our heart, we are still the same. We’re as committed as ever to offering the very best value on the high street and making great fashion more affordable and accessible for everyone. This latest investment will mean bigger and better stores, hundreds of new jobs across the country and shows our ongoing commitment to the UK high street.”
Since the retailer first opened the doors to its Derby store back in September 1974, Primark has expanded nationwide. Today, the business employs more than 30,000 people in the UK and has 192 stores across country
Outside of the UK, Primark can now be found in 15 other countries and has an ambition to reach 530 stores across its markets by the end of 2026.