Index number 5 Industry sectors and competitors analysis 6 Financial strengths and weaknesses of Primark 8 Where Primark would be ranked financial within its sector on the LSE 9 Forecast Primark’s 2011 post tax profits 10 Techniques (ratio analysis) evaluation 12 Corporate governance recommendations 13 Conclusion 16 Appendix 17 References 31 Background At present‚ the Primark Ltd has 162 stores located in the UK‚ Spain and Ireland. They are subsidiary of Penney Brand Company
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[pic] Primark stores ltd is a major retail group employing over 10‚000 people. A company which has achieved superior performance in recent years is an associated British Foods plc subsidiary called primark. Primark opened its first store in june 1969 in Ireland‚ where it operates at Penneys. Today it has a total of more than 193 stores operating in Ireland‚ Spain‚ UK‚ the Netherlands‚ Portugal and Germany and is till aggressively expanding . in the UK‚ where primark has its maximum numbers of
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Introduction – Primark. In June 1969‚ the first Penneys store opened in Mary Street‚ Dublin. Within a year‚ four more stores were added – all in the Greater Dublin area. By 1973‚ the number of stores had reached 18 in Ireland and Primark began trading in Great Britain with four out-of-town stores. The following year saw the opening of the first UK High Street stores in Derby and Bristol In May 2006‚ Primark opened its first store in Spain – in Plenilunio (Madrid)‚ followed by a second store in
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PRIMARK CASE STUDY INTRODUCTION For those of you not in the know‚ Primark is a department store chain that specialises in clothing for men‚ women and children/babies. They also include a home section and ladies...ahem...err...yes. Unmentionables‚ in other words. They have been operating for several years and they are currently buying out the Littlewoods stores‚ several of the best of which will be turned into Primarks and the rest sold for a tidy sum to other retailers. It’s a good move that
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Strengths • Primark‚ being a subsidiary company of Associated British Foods‚ increased rate of growth earned 3.5bn more than double the amount in the last 5 years. (Primark 2013) contributes to the employment of more than 700‚000 workers across three continents (Primark‚ 2013). Game Changer Award in recognition of work in ethical sourcing. (Primark‚ 2012). Member of the ETI (Ethical Trading Institute). Strong link in loyalty and uniqueness to their customers. Primark has over 125 stores located
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Introduction Primark Primark is a clothing retailer‚ operating in Ireland‚ the United Kingdom‚ the Netherlands‚ Germany‚ Spain‚ Portugal and Belgium. It operates a total of 196 stores with 38 in Ireland‚ 138 in the UK‚ 14 in Spain‚ 2 in Germany‚ 1 in the Netherlands‚ 2 in Portugal and 1 in Belgium. Whilst the company’s main headquarters are based in Ireland where it trades as Penneys‚ the chain is a subsidiary of Associated British Foods plc (ABF)‚ and is ultimately controlled by the Weston family
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References: 1. www.primark.com 2. www.selfridges.com 3. www.marksandspencer.com 4. www.duedil.com 5. Human Resource Management 10th edition by Devid A. DeCenzo 6. http://en.wikipedia.org/wiki/Marks_&_Spencer 7. http://en.wikipedia.org/wiki/Primark 8. http://en.wikipedia.org/wiki/Selfridges 22
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affected How these stakeholders are affected (positive or negative and why) Costs to business (D1) Benefits to business (D1) Long term impact on business and stakeholders (D1) Unfavourable working environment /conditions Workers who sew the clothes for Primark in Bangladesh. Primark’s top employees such as managers and board of directors are affected as well. They are affected because they are the ones making the clothes in these unfavourable working conditions. The managers are affected because it is their
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Executive Summary 150 words Introduction • Introduction of Primark brief introduction of company history (Owned by ABF‚ originally started in Ireland as “Penneys” and expanded into the uk…) • Analysis of fashion industry change in retailers size and scope in the last 20 years – small description of the budget fashion retailers concept • Allocate Primark in the industry with mentioning direct competitors (grocery retailers as well) introduce major competitors and illustrate the market
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Primark and Ethical Business Introduction Primark the leading clothing retailer Rapid changes in media‚ transport and communications technology have made the world economy more interconnected now than in any previous period of history. Nowhere is this more evident than in the world of textile manufacture and clothing distribution. Consumers want fashionable clothes at affordable prices. Much of high street fashion is produced in various countries across the world. Businesses source clothes
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