Primark Borrowed Sears's Department Store To Enter The United States.

　　 Britain The recent development of cheap clothing brand Primark is unstoppable. Following the announcement in October last year that Allan Molly, the brand project director, was responsible for the US expansion plan, its specific market development plan was finally released: Primark will help the North American Department Store Group Sears Holdings Corp (Sears limited company) retail space to open up the US market.

According to the agreement between the two sides, Primark has already leased 7 independent stores to Sears Co., with a total area of 520000 square feet, or about 48309 square meters, with a net retail area of 400000 square feet, or about 37161 square meters. These stores will be delivered in full ~18 months in the next 12 months. The 7 retail spaces currently identified include Prussian King shopping center in Philadelphia, Staten Island Shopping Center in New York, and 5 other Sears stores. Primark's first store in the United States will be located in Philadelphia's Prussian King shopping center and occupy. Market The bottom floor is about 100000 square feet, about 9290 square meters of space.

Amid the uncertainty of the global economy and the difficult retail environment, Primark, a cheap clothing brand of United Food Group, is thriving and its sales performance has maintained a high growth. The group released the latest full year forecast in mid September. It expects sales growth of 17% under the fixed exchange rate of Primark and 16% in real terms. ABF said that the excellent results of Primark came from the expansion of the retail area, while the same store sales forecast also increased by 4.5%. This year, Primark acquired in Spain. Sale Outstanding performance. ABF chief financial officer John Bason said in the three quarter of this year's earnings report that Primark has surpassed the world's largest fast fashion group Inditex brand in terms of revenue and brand influence in the Spanish market.