Today news
About the same in other media
Why Primark’s American dream won’t be as ill-fated as Tesco’s
Reading now: 675
The US is the graveyard of UK retailers, runs ancient retailing wisdom that was reinforced when Tesco fell flat on its face, and lost the thick end of $2bn, by backing a venture called Fresh & Easy a decade ago.
Primark, AB Foods’ discount clothes retailer, is actually Irish, so won’t count towards the tally even if its new US push fails. But there are at least a couple of reasons why this stateside adventure, which will take store numbers from 13 to 60 over five years, looks a more credible proposition than Tesco’s ego-driven expansion.
First, ABF opened its first Primark in the US almost five years ago and spent time tweaking the format for local tastes. The chief conclusion, perhaps counterintuitive, is that stores should be smaller than
Read more on theguardian.comAbout this in other media
Greensill: British Business Bank’s ‘woefully inadequate’ checks put £335m at risk, say MPs theguardian.com /3 years ago
Hillary Clinton Argues Crypto Could Destabilize Nations, Currencies cryptonews.com /3 years ago
Why a Fed official says stablecoins can match the stability of fiat currencies fnlondon.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
