Primark is expanding its retail portfolio in the UK, saying it will invest 140 million pounds and create 850 jobs over the next two years. In a press release, Primark said the expansion will add more than 160,000 square feet of retail space, which will benefit local shopping areas.
Primark said it will open at least four new stores in Bury St Edmunds, Craigavon, Salisbury and Teesside Park, in addition to planned upgrades and refurbishments at its UK stores. New fixtures, lighting and decorations will be installed in the retail spaces.
Paul Marchant, Chief Executive at Primark, 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.”
According to Springboard data, footfall at UK retail destinations is still 15 per cent lower on an average this year compared to pre-pandemic levels, owing to rising costs.
Primark will celebrate the 50th anniversary of the opening of its first store in Derby, England in 2023. The company continues to drive its international expansion, opening 27 new stores and 1 million square feet of new retail space in this fiscal year
