Discount clothing chain Primark announced Monday.ambitious growth planFor France, with the planned opening of seven new stores, an expansion in Lyon and the creation of 800 jobs.
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The brand will open these seven new stores between the end of 2022 and the end of 2023 (in Brest, Nantes, Angers, Rouen, Mulhouse, Saint-Etienne and Grenoble). The group will also expand its sales area in Lyon at the Part-Dieu shopping center, he said at a press conference. Established in France for 10 years, Primark currently has 20 stores, employing 5,820 employees, covering 100,000 square meters of sales space, explained France General Manager Christine Loisy.
In total, the brand employs more than 70,000 people in 14 countries in Europe and the United States. Primark, which is owned by UK group Associated British Foods (ABF), achieved turnover of £7.7bn (€8.9bn) in its 2021-2022 financial year, a 43 per cent jump in a year.
Responding to the question about the possible impact of inflation on the cost of goods, Christine Loisy admitted that “on the adult winter collectionglobally the group hasundertook to raise the prices of certain products (…) by approximately 3 to 4%;“. The executive director, however, noted that “for over 1000 linksThe prices of children’s clothes have not changed in order not to penalize families at the beginning of the school year.
Source: Le Figaro
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