British fashion retailer Primark is planning to invest more than £100m ($126.14m) in UK retail this year with new store openings lined up in England and Scotland.
Along with opening new stores, Primark will also refurbish 15 existing stores this year as part of its ongoing refit programme, with more stores to follow. Credit: Photograph by Jason Alden/Bloomberg via Getty Images.
Primark said the investment will include 700 new jobs across three new stores as well as relocations and refurbishments of existing sites.
The retailer highlighted that its new store locations and extensions combined will take it to 195 stores and almost 8m sqft of selling space by the end of 2024.
The three new stores include Bury St. Edmunds, due to open on 6 March, as well as Teesside Park and Glasgow Fort later in the year.
Primark will refurbish 15 existing stores this year as part of its ongoing refit programme with more stores to follow.
This includes upgrading décor and store fixtures, alongside the continued rollout of LED lighting as part of Primark’s progress towards its commitment to halve its carbon footprint by 2030.
Primark is also planning some of its biggest store extensions, including London’s Westfield Stratford store almost doubling in size to more than 81,000sqft to become the second largest Primark in the capital.
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