Primark has announced a £140 million investment that will lead to the opening of four new stores and the creation of at least 850 jobs.
The retailer said it plans to invest in its UK operations over the next two years.
As part of that investment, according to the company, “at least” four news outlets will be opened.
The locations announced Friday are:
• Bury St Edmunds in Suffolk
• Craigavon in Northern Ireland
• Salisbury in Wiltshire
• Teesside Park in Durham
The new stores increase the sales area by more than 160,000 square meters.
Investments are also being made in existing locations and a dedicated one Primark Home space opens in Liverpool.
In addition to the new stores, Primark will expand and invest in existing stores and will relocate the Bradford and High Wycombe stores to more central locations. In Bradford, Primark is moving from its existing Kirkgate Shopping Center site to The Broadway in the city centre, and in High Wycombe, Primark is moving from its existing Chilterns Shopping Center site to the Eden Centre.
Existing shops in shopping streets, shopping centers and retail parks will be refurbished and modernized with the financing.
The retailer has boosted its retail offerings in recent years by adding beauty treatments, home ranges and cafes to stores. Collaborations with Greggs are in Primark stores in Birmingham and London.
Starting this week, Primark customers will be able to buy products online and collect them in store as a click and collect trial was launched in 25 stores in the north of England and Wales.
That’s what the retailer said earlier this month would not increase further prices despite significant costs as it heralded a return toCOVID sales and market share in the UK.
Commenting on Primark’s full-year results, the CEO of Primark’s parent company, Associated British Foods, said: “We have decided to maintain pricing for the new financial year at levels already implemented and planned and to assist our customers. instead of pricing against these highly volatile input costs and exchange rates.”
Next year will mark the 50th anniversary of Primark opening its first store in England, in Derby in 1973. Today it has 190 stores and employs more than 30,000 colleagues across the UK.