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Primark to open its first US stores | Primark to open its first US stores |
(35 minutes later) | |
Clothing retailer Primark is to open its first US stores, beginning with a 70,000 sq-ft shop in Boston in Massachusetts. | |
Primark plans to open the store towards the end of 2015. | Primark plans to open the store towards the end of 2015. |
Negotiations are under way to open further shops in the north-east of the US by the middle of 2016. | Negotiations are under way to open further shops in the north-east of the US by the middle of 2016. |
Primark owner Associated British Foods said half-year operating profits at its retail operations, which include Primark, rose 26% to £298m. | Primark owner Associated British Foods said half-year operating profits at its retail operations, which include Primark, rose 26% to £298m. |
"After extensive research, it has been decided to take the [Primark] concept to consumers in the USA," Associated British Foods said. | |
The group, which also owns Penneys-branded stores in Ireland, said that operating profits for the half-year rose by £7m to £463m. |