Primark is investing in its UK retail network.
The Irish textile discounter plans to invest 75 million British pounds (around 87 million euros) by 2024 and push ahead with a number of new openings and expansions, Primark announced on Thursday. This follows on from previous financing and increases its total investment in the region to £100 million for 2024.
The investments coincide with Primark’s 50th anniversary on Britain’s high streets and will expand the discounter’s network to a total of 195 stores. The new openings include a branch in the English city of Bury St. Edmunds as well as the Teesside Park and Glasgow Fort shopping centers. New locations will also open in Epsom, Surrey, and Newbury, Berkshire from 2025.
In addition to new openings, Primark is also focusing on expanding existing branches. The sales area of the location in the Westfield Stratford shopping center will almost double to 81,000 square meters and the branch in the city of Gateshead will also be expanded to almost 80,000 square meters. A further 15 existing stores will be renovated this year as part of the company’s ongoing modernization program.