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Primark seeks space to store excess stock

Primark has appointed real estate company Savills to search for temporary storage space for excess stock ordered before the Covid-19 coronavirus lockdown. 

The retailer is searching for up to 400,000 sq ft of warehouse space in the Midlands on a short-term lease to help store £1.5bn worth of stock from overseas. 

Primark is understood to have already leased up to 40% more warehouse space due to the coronavirus

A spokesperson for Primark said: “We have made clear our intention to secure additional space to house product we are receiving from our suppliers. We don’t comment on commercial arrangements.”

Drapers has contacted Savills for comment.

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Readers' comments (1)

  • Starting point should be the NEC. Does anyone expect concerts or major events anytime soon?

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