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Primark to open four new stores in Spain
09 September 2020 @ 19:38

CUT-PRICE clothing chain Primark is set to open another 14 stores worldwide next year, of which four will be in Spain.

Associated British Foods, which owns the budget label, says its company financial year ends on September 12 and it expects its profits for the period to be in region of £300 to £350 million (about €334 to €390m) – a considerable drop on that of the previous year, when declared annual profits came to £913m (around €1.02 billion).

This is largely because Primark stores were closed due to lockdown and did not reopen in most countries until June.

But the shrinking turnover caused by the pandemic has not put the holding company off the decision to open another four branches in Spain, which will bring its national total up to 40.

As yet, the location of these new stores has not been revealed.

To date, the firm – which was originally founded in Ireland – has stores in the capital cities of the provinces of Alicante, Albacete, Almería, Badajoz, Barcelona, A Coruña, Cádiz, Castellón, Córdoba, Huelva, Murcia, Málaga, Sevilla, Tarragona, Valencia (where it has two – one in the city and one in Bonaire shopping centre), Valladolid, Zaragoza, Vizcaya province (Bilbao city), Guipúzcoa province (Vitoria-Gasteiz being the capital), Santa Cruz de Tenerife, Las Palmas de Gran Canaria (which also has two), as well as in the regional capitals of Asturias, La Rioja and Navarra – Oviedo, Logroño and Pamplona - plus Algeciras (Cádiz province), Armilla (Granada province), Camargo (Cantabria, near Santander), Churra (Murcia), Majadahonda (Madrid), Orihuela (Alicante), Roquetas de Mar (Almería), Palma de Mallorca, and Santiago de Compostela (Galicia).

Read more at thinkSPAIN.com

 



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