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Primark and its odd property acquisition



The Primark, one of the UK’s rapidly growing fashion chains, is represented around the globe by its 269 stores that adds up to about 10m sq ft of shopping space.

The company has spread its network into France, Spain and Germany. This year, it announced plans to put another store into operation in Boston, Massachusetts, which is projected to open its doors to the public by the end of the following year. The Fashion retailer also negotiates expansion in other places, The Telegraph says. 

Primark has recently announced an acquisition of a 250,000 sq ft shopping area from the UBS Triton Property Fund. Both parties are willing to seal the deal in the nearest future. As of now, the negotiated shopping center features other brands’s stores such as Marks & Spencer, H&M and Waterstones. Primark makes quite an odd business decision, since only supermarkets, unlike clothing stores, usually purchase large-scale shopping pavilions, but in Primark’s case, it might be justified by the sales figures of 14pc year-on-year, estimated by the parent company Associated British Foods. 

Primark is not an only example of the growing confidence regarding the retail market and economy in general. One of the major players of US fashion, American Eagle Outfitters, should be expected to expand into the UK.

The following sites are under consideration for possible retail spots by the fashion industry giant: at Westfield London in the west of the city and at Westfield’s Stratford City shopping center, as well as at Bluewater in Kent.

American Eagle incorporates over 1,000 stores in the US targeting a 15-25 yearl old age group, offering goods at affordable prices. 



More about shopping malls in the United Kingdom



Aug 14, 2019, USA:
The flagship store in NYC presents an updated global concept of The North Face retail stores.
Aug 14, 2019, United Kingdom:
Crew Clothing and independent retailer Starlings Toy Outlet are set to open shops in the East Midlands.
Aug 13, 2019, USA:
Nike announced the launch of the sneaker subscription service for children.
Aug 13, 2019, Russia:
The brand has entered Russia for the first time through Ingka Centres’, formerly IKEA Centres, MEGA mall in Moscow.
Aug 12, 2019, Italy:
WRM Group and Conad signed an agreement to acquire Auchan Retail Italia, announced by the financial community.
Aug 9, 2019, Hong Kong:
An American fast-food chain has announced the opening of its flagship restaurant in an updated concept in Hong Kong.
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