primark annual report 2021

We're also able to draw from intelligence and analysis of over 34,000 audits conducted on Primark's suppliers since 2007, which are held in our central audit database. Registered in England and Wales Foreign Affairs Committee - Xinjiang 11.10.20, 0.27MB, Download Foreign-Affairs-Committee-Xinjiang-11-10-20, Environmental Audit Committee 13.11.20, 0.34MB, Download Environmental-Audit-Committee-13-11-2020, Environmental Audit Committee 12.10.18, 1.06MB, Download Environmental-Audit-Committee-submission-12-10-18, Environmental Audit Committee 03.09.18, 2.19MB, Download Environmental-Audit-Committee-submission-03-09-18, Business and Human Rights Resource Centre (BHRRC). If you are an admin, please authenticate by logging in again. 0000123105 00000 n You only have access to basic statistics. statistic alerts) please log in with your personal account. As a subsidiary of Associated British Foods plc (ABF), Primarks ethical trade and environmental sustainability work is reported on in ABFs annual Corporate Responsibility Report. Please create an employee account to be able to mark statistics as favorites. Growing together 1.45m tonnes sold in domestic and regional African markets Primark Sustainability & Ethics Progress Report 2021/22. For the full year, the Board has proposed a final dividend of 20.5p per share giving a full year dividend of 26.7p per share. Chart. Were working in partnership with our sock suppliers to reduce energy and water consumption in China through the Clean by Design initiative. Are you interested in testing our business solutions? Statista assumes no It is classified as operating in the Legal Services industry. 0000044841 00000 n Wed like to set Google Analytics cookies to help us to Primark Cares . As we launch thePrimark Sustainability and Ethics Progress Report, we reflect on a foundational year, which was focused on developing the internal processes and programmes that will underpin the changes needed within Primark and across our value chain to deliver on our Primark Cares strategy. 0000001722 00000 n 0000002726 00000 n We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Use Ask Statista Research Service. That means only about 28% of the stores are open. The work is carried out by an independent third party and incorporates information such as how many audits we carried out in factories that year and what ethical rating factories were given in their latest audit. 0000006628 00000 n The owner of the clothing retailer Primark said annual profits would be higher than previously expected after Britons started shopping early for the . 0000007286 00000 n 0000097516 00000 n 0000122859 00000 n At Primark, we are committed more than ever, to make more sustainable fashion affordable for all. Then you can access your favorite statistics via the star in the header. Opinions expressed by Forbes Contributors are their own. Business Solutions including all features. They identify where progress has been made and where further action is required. Weare united by our purpose to provide safe,nutritious and affordable food, and clothingthat is great value for money. Moving towards more circular principles both within our own operations and across our supply chain is a key part of Primark Cares. 237 0 obj <> endobj 0000002902 00000 n Launching our Primark Cares commitments last year was a defining moment for Primark. The report includes updates on a number of corporate responsibility activities and strategic business objectives regarding ethical trade and environmental sustainability, including the progress being made by Primarks Ethical Trade and Environmental Sustainability Team. Our Ethical Approach|Our Sourcing Map|Our Global Reach. You need at least a Starter Account to use this feature. . - Primark's Ethical Trade and Environmental Sustainability (ETES) team of over 130 local . It set out a new vision for who we are as a business and our promise to change ourselves, and how we work, for the better. Under pandemic rules, 305 of Primarks 389 stores around the world are currently closed, including all its 190 U.K. shops, plus a further 115 stores across European markets including Germany, Ireland, and Spain. Read our latest case studies to see our businesses in action. 0000104738 00000 n Statista. Were committed to pursuing a living wage for workers in our supply chain and we continue to work within Action, Collaboration, Transformation (ACT) to help drive this target forward. Its determination to remain offline-only led the Irish-based retailer toopen some of its stores for 24 hours in Decemberand to continue its search for new store sites inRome and Miami. Get full access to all features within our Business Solutions. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). %PDF-1.7 % 0 liability for the information given being complete or correct. Statista. STAKEHOLDER CONSULTATION: External stakeholders are a vital source of information and guidance. ", Associated British Foods, Revenue of Primark worldwide from financial year 2007 to 2022 (in million GBP) Statista, https://www.statista.com/statistics/383785/primark-revenue-worldwide/ (last visited May 01, 2023), Revenue of Primark worldwide from financial year 2007 to 2022 (in million GBP) [Graph], Associated British Foods, November 4, 2022. Primark is our company name and identifies our entire company, while Penneys is a trading name that is used in the Republic of Ireland only. 0000001902 00000 n Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 0000004993 00000 n 0000098390 00000 n 293262 at Weston Centre, Primark Stores Limiteds Modern Slavery statements can be downloaded below. Search our report database . You can change your cookie settings at any time. (Photo by Matthew Horwood/Getty Images), Online fashion sales at retailers such as Asos and, Boohoo have boomed during the lockdown Fall and Winter. 0000003403 00000 n 2 Associated British Foods plc Annual Report 2021 Associated British Foods plc Annual Report 2021 3. Currently, you are using a shared account. You can only download this statistic as a Premium user. financial year 2022 ended September 17, 2022). 0000004696 00000 n As a Premium user you get access to background information and details about the release of this statistic. 0000005216 00000 n Learn more about how Statista can support your business. These reports provide an overview of our work in this area to address the six focus areas across our supply chain that are outlined in our Environmental Policy. Adjusted operating profit. PRIMARK SUSTAINABILITY AND ETHICS PROGRESS REPORT 2021/22 Download Primark Sustainability and Ethics Progress Report here: Download Report, 7.20 MB MODERN SLAVERY ACT STATEMENT The aim of the 'Modern Slavery Act 2015' is to tackle human trafficking and modern slavery. 0000098320 00000 n 0000123128 00000 n Get in touch with us. (Photo by Paul Marotta/Getty Images for Primark). January 14 2021 . Media Library Media Inquiries Primark Cares News Media Library Media Inquiries. . you use it. Using this In 2021 we launched Primark Cares, which outlines our key strategic sustainability commitments. November 4, 2022. The German Partnership for Sustainable Textiles is a multi-stakeholder initiative that brings together companies, associations, non-governmental organizations, trade unions, standard organizations and the German Government. Access to this and all other statistics on 80,000 topics from, Show sources information When we became a member in 2006, we signed up to the ETIs Principles of Implementation. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2010-2022, Research expert covering apparel industry and general merchandise, Profit from additional features with an Employee Account. . Download Primark_Environmental-Sustainability-Performance-Report_2020, Download Primark_Environmental-Sustainability-Performance-Report_2019, Download Primark-Detox-Environmental-Performance-Report-2018, Download Primark-Environmental-Performance-Report_2017, Download PrimarkChemicalManagementProgrammeStatusonProgressandRoadmap20152016. Associated British Foods. Explaining the stories behind the headlines, Primark won't shift strategy despite the absence, of online channels costing it over a billion dollars already. Data for 2014 to 2020 is collated from figures published in previous year annual reports. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. improve our website by collecting and reporting information on how No. 0000002556 00000 n 0000013805 00000 n Financial Publications 02. Data for 2007 to 2020 collated from figures published in previous year annual reports. Accessed May 01, 2023. https://www.statista.com/statistics/490869/primark-operating-profit-worldwide/, Associated British Foods. Primark US's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. Our way of operating entrepreneurial but also financially prudent and focused on the long term has achieved growthover many years and creates long-term value for ourshareholders and other stakeholders alike. The aim of the 'Modern Slavery Act 2015' is to tackle human trafficking and modern slavery. Please do not hesitate to contact me. The economic effects of the measures taken by governmentsto restrict the COVID-19 pandemic were evident in the financial results for our last financial year and in the results for this financial year. However, shop closures and other restrictions in Primarks main U.K. and European markets resulted in a 30% drop in sales to $2.8 billion across the 16 weeks to 2 January 2021, compared with Christmas holiday period sales in 2019 totaling $4 billion, prompting it to revise its forecasts for the six month trading period to 27 February 2021 from an $896 million loss to more than $1.38 billion, assuming all its locked-down stores remain shuttered. We also provide detailed annual performance data, as below. Regarding Primark's China sourcing strategy, on the one hand, Primark sources from as many as 475 suppliers located in China, far more than any other Asian country. 305 of Primark stores are closed at this time, mostly due to the pandemic raging in and around the UK. Data for 2007 to 2020 collated from figures published in previous year annual reports. 0000009099 00000 n Weve worked with the Ellen Macarthur Foundation since 2018, drawing on their network, knowledge and expertise to help embed more circular practices within our business. Currently, you are using a shared account. You may have noticed that when we used the name . However, most of Primark's China factories . 0000006753 00000 n %%EOF 286 0 obj <>stream As we launch the Primark Sustainability and Ethics Progress Report, we reflect on a foundational year, which was focused on developing the internal processes and programmes that will underpin the changes needed within Primark and across our value chain to deliver on our Primark Cares strategy. In a hard-hitting new research report, Clean Clothes Campaign finds that H&M, Nike and Primark have driven factory workers in their supply chains in Bangladesh, Cambodia and Indonesia into desperation during the COVID-19 pandemic. Get the best reports to understand your industry, Apparel market in the United Kingdom (UK), High street retail in the United Kingdom (UK), Retail Trade in the UK - Industry Insights & Data Analysis. You've rejected analytics cookies. 0000000016 00000 n to incorporate the statistic into your presentation at any time. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Download Primark-Sustainability-and-Ethics-Report-2021-22. November 4, 2022. The percentage is exceptionally high in developing countries like Myanmar (89%), Sri Lanka (78%), Vietnam (77%), and Cambodia (75%). directly identify anyone. [Online]. 3. Chart. Primark's parent company Associated British Food plc (ABF) has an annual Corporate Social Responsibility report which includes information on the latest work of Primark's Ethical Trade and Environmental Sustainability Team. xref As we launch the Primark Sustainability & Ethics Progress Report we reflect on a . It set out a new vision for who we are as a business and our promise to change ourselves, and how we work, for the better. startxref This text provides general information. Register in seconds and access exclusive features. Each financial year ends mid September of the respective year (e.g. Every year key data from our Ethical Trade and Environmental Sustainability Programme is independently assured. Primark Ltd. Modern Slavery Statement 2021 6. Gender-based violence in the workplace remains a risk for women working in the garment industry. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Primark revenues worldwide 2007-2022 Supply Chain Primark: number of manufacturing factories 2021, by country + Fashion & Accessories Primark: store numbers worldwide 2022, by country +. Add this topic to your myFT Digest for news straight to your inbox, Values guide German consumers shopping choices, Medium-term growth prospects justify bullish view of the shares, Associated British Foods cautions on consumer outlook for second half of year, Parent company ABF says stronger US dollar and price rises helped boost its profits, Discount clothing retailer says ecommerce would damage profitability as it remains committed to stores, The 25-store trial marks the retailers potential foray into online shopping, Fashion chain must contend with frugal shoppers, cultural differences and tough labour laws, Retail chain warns of substantial and volatile cost inflation in year ahead, Weakness of sterling and euro against greenback raises costs for retail chain, Retailer will trial UK click-and-collect service as it reports quarterly sales growth 4% higher than pre-Covid, ABF seeks to mitigate impact of rising costs across its businesses, Plus, why Lloyds cannot be sentimental about its iconic City building, OwnerAssociated British Foods remains cautious over tightening Covid restrictions, Plus, Evergrandesoverseas bonds in default, says Fitch and SEC prepares Spac crackdown, New capital allocation policy will return more cash to investors, Group plans to increase stores in America to 60 from 13 over five years, Retailer says its pledges signal the pace and scale of change in fashion, Plus, Antnio Horta-Osrios Credit Suisse power grab and Mohamed El-Erian, Fashion-chain owner Associated British Foods says profits to beat expectations as lower costs offset earlier sales decline, Fast-fashion chain bounces back with revenues above pre-pandemic levels while US rival retreats with closure of all UK stores, Europes C&A says it is unwilling to make new purchases from garment suppliers at this stage, Discount fashion retailer to continue with new store openings and repay furlough cash, Discount fashion chain to lose 1.1bn of sales in first half due to coronavirus-related store closures, Performances highlight gulf in UK retail as lockdowns hit store-based groups, For three decades, much of retail has been led by numbers people who squashed creatives, Long-lived rivals: actuaries say Biden and Trump are not too old for office, Singapore deepens US defence ties despite Chinese financial inflows, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Inflations legacy hits European households even as price growth ebbs, EU law to restore nature stokes debate that jobs will go to China, Charlie Munger: US banks are full of bad commercial property loans, JPMorgan, Citizens and PNC submit bids for First Republic, US regulator asks banks including JPMorgan and PNC to bid for First Republic, Airlines dispute adds headwinds to US-China relationship, Mercedes-Benz chief says cutting China ties would be unthinkable, Investors bet on shrinking pool of tech stocks as rally narrows, Building society chief warns deposit-scheme reform will hit lending, Totals chief tells investors European listing to blame for oil groups trading discount, Capita hack prompts watchdog to warn pension funds over data, A gruesome episode tells a painful story about corporate Japan, The costs of entrenched high inflation cannot be ignored, Inside the elite British college for the worlds best nannies, Travels through Cretes ancient history without the crowds, In Kolkata, Indias new bankruptcy law is put to the test, Premier Inn/Primark: discerning Germans set test for incomers, ABF/Primark: fast-fashion group enjoys shoppings speedy recovery, Primark owner expects higher profits as consumer spending holds up, Fashion chain Primark posts record Christmas sales, Primark resists move online despite pandemic shock, Primarks site crashes after it launches click-and-collect service, Primark/Germany: Europes biggest market proves hard to crack, Primark struggles to restore sales growth in Europe, Primark owner ABF warns on profits as strong dollar bites, Primark to test first move into online shopping, Primark to lift prices as inflation dents owner profits, Primark sales stuck below pre-Covid levels, Fast-fashion chain Primark says trading is better than expected, ABF says Primark trading ahead of forecasts, ABF: Primark rollout says less than ramped up dividends, Discount retailer Primark plans aggressive US expansion, Primark seeks to woo eco-conscious consumers with sustainability drive, Primark-owner AB Foods raises profit target, Primark sales recover despite Delta variant and pingdemic hit, Primark and Gap show diverging fortunes on UK high street, H&M and Primark resume Myanmar orders for first time since coup, Primark raises estimate of Covid-driven lost sales as profit plunges, Primark expects strong recovery once lockdowns are lifted, Pandemic wipes out 540m of Primark sales as Boohoo charges ahead, Covid didnt kill Topshop: a lack of creativity did. Primark Limited has achieved the following goals in the year 2018: Already achieved goals: 11Not achieved, continued goals: 1 Mandatory and recommended targetsof the year 2018 Sustainable new wool policy Target demand: Publication of a written policy for new wool, incl. As a Premium user you get access to the detailed source references and background information about this statistic. Show publisher information 2023 Primark Stores Limited . Were working hard to reduce our carbon emissions and are committed to halving our carbon footprint across our value chain by 2030. For businesses, the . 0000004464 00000 n positioning against mulesing ent As we launch thePrimark Sustainability & Ethics Progress Report we reflect on a foundational year, focused on developing the internal processes and programs that will underpin the changes needed within Primark, and throughout our value chain, to deliver on our Primark Cares strategy. Both report to ABF's Director of Legal Services and Company Secretary. We use some essential cookies to make our services work. Were working hard to reduce our carbon emissions, and are committed to halving our carbon footprint throughout our value chain by 2030. Primark , , ABF. Launching our Primark Cares commitments last year was a defining moment for Primark. Click on the list below, to see some of our stakeholder responses. You can view the latest report on our performance by clicking on the following links: We respond to requests from NGOs and other stakeholders to demonstrate how we are meeting our commitments and addressing specific issues. (Photo by Jeremy Moeller/Getty Images), Primark Downtown Crossing marked the retailer's, American debut on September 9, 2015 in Boston, Massachusetts. As part of its international expansion, Primark opened its first U.S. store in Boston in 2015 and has since added a further 11 outlets including locations in Brooklyn, Burlington, Danbury, King of Prussia, and Staten Island, plusAmerican Dream in New Jersey, Sawgrass Millsin Florida, and State Street, Chicago. people in the Primark supply chain 39m invested in safety risk management, of which 24% was dedicated to COVID-19 safety measures About us . If you are an admin, please authenticate by logging in again. To use individual functions (e.g., mark statistics as favourites, set Road Map:.css-aj63bv{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-color:rgba(0, 0, 0, 0.4);cursor:pointer;color:inherit;font-weight:inherit;font-style:inherit;}.css-aj63bv:hover{text-decoration-color:inherit;}.css-29ik5z{margin:0;color:#000000;-webkit-text-decoration:underline;text-decoration:underline;text-decoration-color:rgba(0, 0, 0, 0.4);cursor:pointer;color:inherit;font-weight:inherit;font-style:inherit;}.css-29ik5z:hover{text-decoration-color:inherit;}201920182017. Interviews conducted with 49 garment workers in these countries demonstrate that the Coronavirus-induced crisis continues to have a devastating impact on the wages . Annual Publications 03. (November 4, 2022). You need at least a Starter Account to use this feature. Read about the positive role we play, both socially and environmentally, in our latest responsibility update. The source adds that this is calculated "before amortisation of non-operating intangibles, profits less losses on disposal of non-current assets and exceptional items." You only have access to basic statistics. We have been ranked as a leader by the ETI since 2011,in light of our commitment, implementation and progress, and are committed to continue working with the ETI to continuously drive improvements. "Revenue of Primark Worldwide from Financial Year 2007 to 2022 (in Million Gbp). 0000003744 00000 n Read more about our Environmental Insights intoCarbon,ChemistryandWater. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. analyse how our Sites are used. 0000104927 00000 n Clicking on the following button will update the content below. As part of our commitment to make clothes that can be recycled by 2027, this year weve piloted a program for some of our Product team and suppliers, designed to embed circular design thinking throughout all levels of the business. Primark Cares - how real change looks. Download Primark-Sustainability-and-Ethics-Report-2021-22. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. For its part, Primark had quickly abandoned its one limited-product experiment with online player Asos a couple of years back and a year ago the retailer affirmed it hadswitched its focus to growing overseasrather than in the highly competitive U.K. market.

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