(Sharecast News) - UK discount clothing retailer Primark said it planned to invest £140m, including the opening of four new stores and the creation of at least 850 jobs as it looks to increase footfall during the cost of living crisis.
Parent company Associated British Food will make the investment over the next two years in its UK operations, Primark said in a statement on Friday.
Existing high street, shopping centre and retail parks stores are to be refurbished and upgraded with the funding.
The retailer has been boosting its in store offering in recent years by adding beauty treatments, home ranges and cafes to shops. Collaborations with Greggs are in Primark shops in Birmingham and London.
Having missed out on the online shopping boom during the Covid pandemic, Primark has now launched a trial click and collect programme across 25 stores across the North of England and Wales.
"The UK is our biggest market and, as we continue to grow and expand our business internationally, we remain as committed as ever to investing in our stores to offer more customers our great value clothing, beauty, homewares and much more," Paul Marchant, Chief Executive at Primark.
"Busy towns and cities benefit us all - we want to see thriving high streets and shopping centres."
AB Foods (ABF)