Primark to invest over £100m into store estate in 2024
Primark is to invest over £100m into its UK store estate in 2024, as the retailer celebrates 50 years on British high streets.
This includes a new investment of £75m, building on plans the clothing retailer announced in November 2022.
In 2024, Primark will open new stores at Bury St. Edmunds, Teesside Park, and Glasgow Fort. The retailer will also be undertaking store extensions across the country, including at Westfield Stratford where it will double its footprint to over 81,000 sq ft. The retailer will also increase its presence at Gateshead’s Metrocentre, growing its store in size to almost 80,000 sq ft.
By the end of the year, Primark is expected to reach a total estate of 195 stores and almost 8 million sq ft of trading space in the UK.
A further 15 stores will be refurbished as part of Primark’s ongoing refit programme, with more to follow.
Stores in Epsom, Surrey, and Newbury, Berkshire, are also confirmed and are set to open from 2025. The new locations will contribute in excess of 55,000 sq. ft of new retail space once open.
Kari Rodgers, UK retail director at Primark said: “We’ve changed a lot in the fifty years since we opened the doors on our first store in Great Britain in Derby back in 1974, but at our heart, we are still the same. We’re as committed as ever to offering the very best value on the high street and making great fashion more affordable and accessible for everyone. This latest investment will mean bigger and better stores, hundreds of new jobs across the country and shows our ongoing commitment to the UK high street.”
Internationally, Primark trades in 15 other countries and aims to reach 530 stores by the end of 2026.