Primark is UK's second biggest clothes store
Primark has risen to become Britain’s second biggest selling clothes store, and is set to overtake M&S if it continues its rapid rate of growth.
A clear sign that the popularity of disposable fashion is showing no sign of waning, Primark yesterday announced a 25% rise in takings over the half-year period.
Already overtaking George at Asda, the store now boats a 10% share of the UK’s clothing sales by volume, and is fast closing in on Marks and Spencer, which holds a 12% share. This means that £1 in every £10 spent on clothing in Britain is going into Primark’s tills.
With the credit crunch taking its toll of the public’s wallets, budget-clothing stores continue to see rising sales, with New Look, H&M and TK Maxx also seeing the benefit.