wont set optional cookies unless you enable them. Are you interested in testing our business solutions? The source adds that this is calculated "before amortisation of non-operating intangibles, profits less losses on disposal of non-current assets and exceptional items." But that does not mean that it pushes you to make uneconomic decisions about changing a winning business model.. It set out a new vision for who we are as a business and our promise to change ourselves, and how we work, for the better. Weve worked with the Ellen Macarthur Foundation since 2018, drawing on their network, knowledge and expertise to help embed more circular practices within our business. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. The percentage is exceptionally high in developing countries like Myanmar (89%), Sri Lanka (78%), Vietnam (77%), and Cambodia (75%). This text provides general information. data than referenced in the text. Available: https://www.statista.com/statistics/383785/primark-revenue-worldwide/, Revenue of Primark worldwide from financial year 2007 to 2022, Immediate access to statistics, forecasts & reports, Global revenue of the apparel market 2014-2027, Apparel market revenue worldwide 2022, by country, Revenue of the apparel industry in the UK 2014-2027, Sales of the leading apparel/footwear retailing companies worldwide 2021, Leading UK retailers ranked by worldwide sales 2021, Associated British Foods retail division: sales growth worldwide 2012-2022, Number of employees in Associated British Foods' retail division worldwide 2014-2022, Primark: store numbers worldwide 2008-2022, Primark: retail area worldwide 2022, by country, Number of monthly visits to Primark.com worldwide 2023, Distribution of Primark.com traffic 2022, by country, Distribution of Primark.com traffic 2022, by source, Distribution of Primark.com social traffic 2022, by network, Primark brand profile in the United States 2022, Leading fashion and clothing retailers in Finland 2018, by turnover, Leading value clothing retailers ranked by market share in the UK 2016, Leading fashion and clothing retailers in Norway 2020, by turnover, Associated British Foods group revenue worldwide 2008-2021, FatFace: number of stores in the United Kingdom (UK) 2000-2017, Number of employees of River Island Clothing worldwide 2013-2021, by type, New Look like-for-like sales performance 2015-2019, Associated British Foods group revenue worldwide 2008-2020, by sector, Shopping: purchase decision for clothing guided by retailer UK 2015, Shopping: proportion of mentioned top ten clothing retailers UK 2016, Shopping: scenario with retailer suggesting measurements UK 2015, Chile: number of clothing retailers 2005-2015, Shopping: reasons for unwillingness to share personal information UK 2015, Shopping: shared personal data with retailers while shopping UK 2015, Share of generated revenue of WESC 2010/11-2011/12, per market, Number of jewellery retail stores in the UK 2022, by turnover, Revenue of Primark worldwide from financial year 2007 to 2022 (in million GBP), Find your information in our database containing over 20,000 reports, most customers of all mens clothes stores. Primark Cares . Primark Q4 underlying sales seen down 17% on two-year basis; UK sales hurt by 'pingdemic' Group still raises full year profit forecast; Shares down 3.4% 0000000016 00000 n As a subsidiary of Associated British Foods plc (ABF), Primarks ethical trade and environmental sustainability work is reported on in ABFs annual Corporate Responsibility Report. By contrast, online-only fashion retailers such as Asos and Boohoo saw sales boom by around 40% in the last four months of 2020. Primark opened its first store in Dublin in 1969 under the name Penneys and today operates in over 250 stores in eight countries in Europe and growing. Interviews conducted with 49 garment workers in these countries demonstrate that the Coronavirus-induced crisis continues to have a devastating impact on the wages . After the repayment of the furlough funds, this was 321m, falling by 11% year on year in actual currency. 0000123105 00000 n We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 0000003967 00000 n 0000011724 00000 n Meantime, the former owner of Edinburgh Woollen Mills is buying up a number of his former brands from administrators and billionaire Mike Ashley-owned Frasers Group,and others continue to circle department store group Debenhams. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 0000007286 00000 n Revenue of Primark worldwide from financial year 2007 to 2022 (in million GBP) [Graph]. As we launch thePrimark Sustainability & Ethics Progress Report we reflect on a foundational year, focused on developing the internal processes and programs that will underpin the changes needed within Primark, and throughout our value chain, to deliver on our Primark Cares strategy. 01. Fiscal 2020 highlights, year-over-year Sales increased 2.0 percent to $139.5 billion, up 2.5 percent on a constant currency basis Operating income decreased 73.7 percent to $1.3 billion; Adjusted operating income decreased 24.9 percent to $5.2 billion, down 24.8 percent on a constant currency basis It set out a new vision for who we are as a business and our promise to change ourselves, and how we work, for the better. 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Add this topic to your myFT Digest for news straight to your inbox, Values guide German consumers shopping choices, Medium-term growth prospects justify bullish view of the shares, Associated British Foods cautions on consumer outlook for second half of year, Parent company ABF says stronger US dollar and price rises helped boost its profits, Discount clothing retailer says ecommerce would damage profitability as it remains committed to stores, The 25-store trial marks the retailers potential foray into online shopping, Fashion chain must contend with frugal shoppers, cultural differences and tough labour laws, Retail chain warns of substantial and volatile cost inflation in year ahead, Weakness of sterling and euro against greenback raises costs for retail chain, Retailer will trial UK click-and-collect service as it reports quarterly sales growth 4% higher than pre-Covid, ABF seeks to mitigate impact of rising costs across its businesses, Plus, why Lloyds cannot be sentimental about its iconic City building, OwnerAssociated British Foods remains cautious over tightening Covid restrictions, Plus, Evergrandesoverseas bonds in default, says Fitch and SEC prepares Spac crackdown, New capital allocation policy will return more cash to investors, Group plans to increase stores in America to 60 from 13 over five years, Retailer says its pledges signal the pace and scale of change in fashion, Plus, Antnio Horta-Osrios Credit Suisse power grab and Mohamed El-Erian, Fashion-chain owner Associated British Foods says profits to beat expectations as lower costs offset earlier sales decline, Fast-fashion chain bounces back with revenues above pre-pandemic levels while US rival retreats with closure of all UK stores, Europes C&A says it is unwilling to make new purchases from garment suppliers at this stage, Discount fashion retailer to continue with new store openings and repay furlough cash, Discount fashion chain to lose 1.1bn of sales in first half due to coronavirus-related store closures, Performances highlight gulf in UK retail as lockdowns hit store-based groups, For three decades, much of retail has been led by numbers people who squashed creatives, Long-lived rivals: actuaries say Biden and Trump are not too old for office, Singapore deepens US defence ties despite Chinese financial inflows, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Inflations legacy hits European households even as price growth ebbs, EU law to restore nature stokes debate that jobs will go to China, Charlie Munger: US banks are full of bad commercial property loans, JPMorgan, Citizens and PNC submit bids for First Republic, US regulator asks banks including JPMorgan and PNC to bid for First Republic, Airlines dispute adds headwinds to US-China relationship, Mercedes-Benz chief says cutting China ties would be unthinkable, Investors bet on shrinking pool of tech stocks as rally narrows, Building society chief warns deposit-scheme reform will hit lending, Totals chief tells investors European listing to blame for oil groups trading discount, Capita hack prompts watchdog to warn pension funds over data, A gruesome episode tells a painful story about corporate Japan, The costs of entrenched high inflation cannot be ignored, Inside the elite British college for the worlds best nannies, Travels through Cretes ancient history without the crowds, In Kolkata, Indias new bankruptcy law is put to the test, Premier Inn/Primark: discerning Germans set test for incomers, ABF/Primark: fast-fashion group enjoys shoppings speedy recovery, Primark owner expects higher profits as consumer spending holds up, Fashion chain Primark posts record Christmas sales, Primark resists move online despite pandemic shock, Primarks site crashes after it launches click-and-collect service, Primark/Germany: Europes biggest market proves hard to crack, Primark struggles to restore sales growth in Europe, Primark owner ABF warns on profits as strong dollar bites, Primark to test first move into online shopping, Primark to lift prices as inflation dents owner profits, Primark sales stuck below pre-Covid levels, Fast-fashion chain Primark says trading is better than expected, ABF says Primark trading ahead of forecasts, ABF: Primark rollout says less than ramped up dividends, Discount retailer Primark plans aggressive US expansion, Primark seeks to woo eco-conscious consumers with sustainability drive, Primark-owner AB Foods raises profit target, Primark sales recover despite Delta variant and pingdemic hit, Primark and Gap show diverging fortunes on UK high street, H&M and Primark resume Myanmar orders for first time since coup, Primark raises estimate of Covid-driven lost sales as profit plunges, Primark expects strong recovery once lockdowns are lifted, Pandemic wipes out 540m of Primark sales as Boohoo charges ahead, Covid didnt kill Topshop: a lack of creativity did. At Primark, we're committed more than ever to making more sustainable fashion affordable for all. 0000004464 00000 n [Online]. In, Associated British Foods. 0000013263 00000 n Primark is our company name and identifies our entire company, while Penneys is a trading name that is used in the Republic of Ireland only. Associated British Foods plc 0000002094 00000 n No. 2023 Primark Stores Limited . Moving towards more circular principles both within our own operations and across our supply chain is a key part of Primark Cares. Penneys . Read more about our Environmental Insights intoCarbon,ChemistryandWater. In 2021 we launched Primark Cares, which outlines our key strategic sustainability commitments. The Ethical Trading Initiative (ETI) is an alliance of companies, trade unions and voluntary organisations that promotes respect for workers rights globally. The Principles include: demonstrating a clear commitment to ethical trade; integrating ethical trade into core business practices; driving year-on-year improvements to working conditions; and supporting suppliers to improve working conditions. analyse how our Sites are used. 0000009099 00000 n At Primark, we are committed more than ever, to make more sustainable fashion affordable for all. "Adjusted Operating Profit of Primark Worldwide from Financial Year 2008 to 2022 (in Million Gbp). Primark US's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. GET HELP. Read our latest case studies to see our businesses in action. Profit from the additional features of your individual account. 0000097516 00000 n You've accepted analytics cookies. You can change your cookie settings at any time. Primark expects strong recovery once lockdowns are lifted. Statista. to incorporate the statistic into your presentation at any time. If you are an admin, please authenticate by logging in again. - Primark's Ethical Trade and Environmental Sustainability (ETES) team of over 130 local . Download Primark-Sustainability-and-Ethics-Report-2021-22. This statistic is not included in your account. Read more about our Environmental Insights intoCarbon,ChemistryandWater. 305 of Primark stores are closed at this time, mostly due to the pandemic raging in and around the UK. Use Ask Statista Research Service. 0000002726 00000 n Next has partneredwith the U.S. hedge fund Davidson Kempner and is pitted against Authentic Brands, which has been linked to a joint bid with JD Sports. Launching our Primark Cares commitments last year was a defining moment for Primark. Launching our Primark Cares commitments last year was a defining moment for Primark. This more than doubled in 2022, reaching 756 million pounds. startxref 0000044911 00000 n directly identify anyone. For businesses, the Act states that any organisation in the UK with a turnover of over 36m is required to publish an annual statement setting out what steps it has taken during its financial year to ensure that modern slavery and human trafficking is not taking place in its own business and its supply chains. 0000003403 00000 n 3. to incorporate the statistic into your presentation at any time. Are you interested in testing our business solutions? 0000003455 00000 n We Regarding Primark's China sourcing strategy, on the one hand, Primark sources from as many as 475 suppliers located in China, far more than any other Asian country. PRIMARK SUSTAINABILITY AND ETHICS PROGRESS REPORT 2021/22 Download Primark Sustainability and Ethics Progress Report here: Download Report, 7.20 MB MODERN SLAVERY ACT STATEMENT The aim of the 'Modern Slavery Act 2015' is to tackle human trafficking and modern slavery. We use cookies to make our services work and collect analytics information. Opinions expressed by Forbes Contributors are their own. It is classified as operating in the Legal Services industry. like to set optional analytics cookies to help us improve it. Weve worked with the Ellen Macarthur Foundation since 2018, drawing on their network, knowledge and expertise to help embed more circular practices within our business. STAKEHOLDER CONSULTATION: External stakeholders are a vital source of information and guidance. Currently, you are using a shared account. Cookie policy. Download Modern Slavery Act Statement here: Download primark-modern-slavery-statement-2022. Visit ABFs website to access the ABF Corporate Responsibility Report. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). A note from our Primark Cares Director Lynne Walker on our Primark Cares strategy and commitments. Associated British Foods. The most important key figures provide you with a compact summary of the topic of "Primark" and take you straight to the corresponding statistics. That makes us different. Every year key data from our Ethical Trade and Environmental Sustainability Programme is independently assured. Due to varying update cycles, statistics can display more up-to-date Gender-based violence in the workplace remains a risk for women working in the garment industry. Save. "Adjusted operating profit of Primark worldwide from financial year 2008 to 2022 (in million GBP)." ", Associated British Foods, Adjusted operating profit of Primark worldwide from financial year 2008 to 2022 (in million GBP) Statista, https://www.statista.com/statistics/490869/primark-operating-profit-worldwide/ (last visited May 01, 2023), Adjusted operating profit of Primark worldwide from financial year 2008 to 2022 (in million GBP) [Graph], Associated British Foods, November 4, 2022. (November 4, 2022). Primark Stores Limiteds Modern Slavery statements can be downloaded below. Penneys-Primark owner Associated British Foods has today reported a 3% fall in first-half profit and kept its guidance for a flat outcome in the full year, staying cautious about the resilience of . For more detailed information about the cookies we use, see our 0000123128 00000 n Were working in partnership with our sock suppliers to reduce energy and water consumption in China through the Clean by Design initiative. The Board recognises that a Group of our scale and significance has responsibilities to many stakeholders. Download Primark-Sustainability-and-Ethics-Report-2021-22. Were committed to pursuing a living wage for workers in our supply chain, and we continue to work within Action, Collaboration, Transformation (ACT) to help drive this target forward. personalising content and ads, providing social media features and to 0000002556 00000 n Download Primark Sustainability and Ethics Progress Report here: Download Primark-Sustainability-and-Ethics-Report-2021-22. Contact Financial Publications Year 2022 Sales and results 2022 Q1 Q2/H1 Q3 Q4/FY Releases PDF 992 KB PDF 1384 KB PDF 208 KB PDF 781 KB Presentations PDF 379 KB PDF 1223 KB PDF 413 KB PDF 881 KB Accounts - PDF 1830 KB - PDF 2505 KB Annual Publications Download all publications When we became a member in 2006, we signed up to the ETIs Principles of Implementation. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 0000004993 00000 n A paid subscription is required for full access. We have been ranked as a leader by the ETI since 2011,in light of our commitment, implementation and progress, and are committed to continue working with the ETI to continuously drive improvements. cookies You can view the latest report on our performance by clicking on the following links: We respond to requests from NGOs and other stakeholders to demonstrate how we are meeting our commitments and addressing specific issues. Why are they waiting? Click on the list below, to see some of our stakeholder responses. However, in 2020 and 2021 operating profit took a dive, decreasing to 321 million British pounds in 2021. We use necessary cookies to make our site work. Adjusted operating profit at Primark, before the repayment of subsidies from the Coronavirus Job Retention Scheme, for the 53 weeks to 18 September 2021 was 415m, an increase of 15% year on year. Learn more about how Statista can support your business. 0000003070 00000 n INSIDE PRIMARK. To use individual functions (e.g., mark statistics as favourites, set Last modified on Mon 27 Feb 2023 17.04 EST. Research expert covering apparel industry and general merchandise. Parent company ABF argued that a 14% same-store sales decline atPrimarkwhile stores remained open was strong, given a significant decline in commuters and tourists in city-centers. 0000098320 00000 n Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Accessed May 01, 2023. https://www.statista.com/statistics/490869/primark-operating-profit-worldwide/, Associated British Foods. We use some essential cookies to make our services work. A paid subscription is required for full access. As part of our commitment to make clothes that can be recycled by 2027, this year weve piloted a program for some of our Product team and suppliers, designed to embed circular design thinking throughout all levels of the business.