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Primark plans more than 100 new stores worldwide in Covid rebound
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Primark owner, Associated British Foods, has set out ambitious expansion plans as it bets on a strong sales rebound from the Covid-19 pandemic, with customers returning in large numbers in countries where vaccines have been rolled out.
The fast-fashion retailer is planning to open more than 100 new shops over the next five years, as it pushes into the US, France, Italy and Spain. It would take the number of stores worldwide to 530 from 398 at present.
In the US, where Primark opened its first store in Boston six years ago, it plans to go from 13 to 60 outlets over the period.
Paul Marchant, the Primark chief executive, said: “With our current portfolio trading really well, it feels like we’ve established a strong foundation from which to
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