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Economy12:31 · Jul 21

Primark Cuts Prices by Up to 25% Across All Countries to Benefit International Shoppers

By ענת סימן טוב
Translated & summarized from Now 14 by baba
Primark Cuts Prices by Up to 25% Across All Countries to Benefit International Shoppers
Editorial illustration generated by baba News — not a photograph of the event.
The story · English

Primark, the popular Irish fashion retailer, is launching a major price reduction campaign that will lower prices by up to 25% on hundreds of products for women, men, and children across all 19 countries where it operates. The initiative, named "Iconic Value," will begin in the coming days and also includes discounts on the upcoming fall-winter collection. This move aims to address rising living costs and increased consumer price sensitivity.

The price cuts come after Primark reported a 3% sales increase in the last quarter, mainly driven by new store openings, while sales in existing stores declined. To attract more customers and boost demand, the company decided on this aggressive pricing strategy. Products with reduced prices will be clearly marked in stores to help shoppers identify the discounts.

For many Israelis traveling abroad, visiting Primark stores in popular destinations such as London, Madrid, Barcelona, Dublin, Rome, Milan, Lisbon, Paris, and Brussels has become a routine part of their trips. The price reductions mean that Israeli tourists shopping at Primark in Europe or the United States may find even better deals. However, shoppers are advised to compare prices, especially on branded items and cosmetics, as prices abroad are not always lower than those available in Israel during sales.

This development offers a significant opportunity for travelers looking to purchase affordable fashion and lifestyle products during their international trips, enhancing Primark's appeal as a key shopping destination abroad.

Read the original at Now 14
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