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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 square-foot shop in Boston in Massachusetts. 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.