Primark has revealed its plans to expand and open at least four more UK locations, creating around 850 jobs.
The retail giant pledged to invest £140 million in its UK stores over the next two years to help support thriving high streets and shopping centres. It comes after numerous retailers reported weakening customer demand as shopper cut back on non-essential spending in the face of the cost of living crisis sweeping the nation.
However, Primark affirmed that it was committed to offering customers good value across clothing, beauty, and homeware products. It also pledged to freeze prices in its stores until next autumn.
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New stores will be opened in Bury St Edmunds in Suffolk, Salisbury in Wiltshire, Teesside Park in Thornaby-on-Tees, and Craigavon in Northern Ireland. The company will also invest in its existing locations by upgrading stores in high streets, shopping centres, and retail parks with cash injections.
Primark chief executive Paul Marchant said: “The UK is our biggest market and, as we continue to grow and expand our business internationally, we remain as committed as ever to investing in our stores to offer more customers our great value clothing, beauty, homewares and much more.
“Busy towns and cities benefit us all – we want to see thriving high streets and shopping centres where people come together and enjoy spending time.
“Through today’s investment, we’re playing a part in ensuring that UK retail continues to grow and thrive and give people another reason to visit their local high street.”
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