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Primark plots US launch

Primark is considering opening stores in the US on the back of strong growth in the UK and Europe.

The value giant, which recently revealed plans to launch in France with five stores set to open from December this year, is in the early stages of considering expansion in the US as well as further countries, according to The Sunday Times.

The newspaper said Allan Molloy, Primark’s programme director for new markets, was spearheading the potential move. Sources said America was a “long-term ambition” for the retailer, owned by Associated British Foods (ABF).

Primark has 256 stores across eight countries including the UK, Germany, Spain and the Netherlands. Of the 256 stores, 160 are in the UK and 38 in the Republic of Ireland.

Primark sales grew 20% in the 16 weeks to June 22, thanks to an increase in retail space and strong like-for-likes.

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