Primark agrees to take £370m of finished and unfinished goods

Primark has announced that it will commit to pay for £370m of additional orders for product over and above the £1.5bn of stock in stores, depots and in transit. This means it will now take all products that was both in production and finished, and planned for handover by 17 April.

The new commitment follows extensive one-to-one conversations with suppliers, and Primark’s product and sourcing teams will continue to work with suppliers to implement the plans.

Primark also hopes to re-commence placing future orders for Autumn/Winter stock once there is further clarification of the reopening of stores.

Paul Marchant, CEO, Primark said: “This announcement represents a further ongoing commitment to our relationships with our suppliers. We have been in close and regular contact with our suppliers over the last few weeks to find a way forward, and to pay for as much of the previously ordered product as possible. Transparency and clarity have been at the heart of our longstanding relationships with our supply base and we were obviously disappointed that we were not initially able to commit to this stock. Our partnerships with our suppliers are invaluable and we want to continue to support them as we navigate our way through this global crisis.”

The news follows Primark’s donation of packs for NHS frontline staff working at the Nightingale Hospital in London, boxed and delivered by Primark volunteers, and across the world. Recipients of Primark care packs already include the London Ambulance Service, Spanish Red Cross, INEM (National Institute of Medical Emergency) in Portugal, a number of hospitals across Ireland and a partnership with the Mayor of Boston’s Medical Intelligence Centre in Massachusetts.

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