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Primark increases in Spain

The Irish fashion chain has had a great succes in Spain. During the past year the turnover in Spain has increased by 20%.

Primark store in Boston, USA. Photo: Wikiklrsc - Wikipedia

Primark store in Boston, USA. Photo: Wikiklrsc – Wikipedia

They had a turnover of 1.17 billion euros between September 2014 and August 2015, an increase of 20% compared with the previous year.

Of this amount, 248 million euros were products sold from the Spanish stores to the headquarters in Ireland. That means Primark’s sales in Spain was 919 million Euro during this period.

The figures consolidates Primarks position as Spain’s second-largest fashion chain after the Inditex group consisting of Zara, Zara Home, Massimo Dutti, Pull & Bear, Bershka, Oysho, Kiddy’s Class, Stradivarius Uterqüe etc. Inditex has a turnover of around 4 billion euros per year.

Primark’s growth in Spain is significantly higher than in other countries where the owner Associated British Food operates with Primark. Their stores are located in 10 other countries but their revenue growth was only 8%.

Primark did not open any new stores during this period, but had 40 stores on August 31st last year. Their flagship located in the Gran Via in Madrid, which has received much media coverage, was inaugurated in October 2015 and this store’s figures are not included in the above numbers.

See also: Primark opens in Madrid

Primark Gran Via in Madrid, the world's second largest Primark store. Photo: Wikimedia Commons

Primark Gran Via in Madrid, the world’s second largest Primark store. Photo: Wikimedia Commons

Last year Primark paid 7.8 million euros in taxes to Spain on a gross profit of EUR 54.4 million.