| [ Web Proxy ] |
| Viewing: https://www.dailystar.co.uk/news/latest-news/major-uk-high-street-chain-37479111 | [Back] [Original] |
A major UK retailer has claimed they are slashing prices across the board in order to wrestle back customers lost to online rivals.
Primark are looking to decrease the prices of hundreds of its best-selling items to win back bargain hunters who have been flocking to cut-price online rivals such as Shein and Temu, boasting a 29% decrease in hundreds of womenswear, menswear and kids' clothes.
In a blog announcing the shake-up, Primark chief executive Eoin Tonge admitted "value has never mattered more" as shoppers are bombarded with "different brands, new marketplaces, endless promotions" and claims about quality and style. He said: "The simplest question has become much harder to answer: what does value really look like, and where can you find it?"
Tonge insisted Primark was "the original value disruptor" and vowed to "redisrupt expectations of value", adding: "Today we're announcing that we have lowered prices on hundreds of Primark favourites."
He also promised customers they "do not want to compromise" and "don't believe they should have to", saying the retailer wants shoppers to know "Primark prices will always be the best prices, every day."
Among the cuts, more than half of Primark's autumn and winter knitwear will cost less than 12, while more than 40% of its socks will be cheaper. A bestselling women's coat has been reduced to 22, and a third of new children's clothing lines will be cheaper than comparable products last year.
Matt Houston, Primark's chief customer officer, said: "Value matters to customers today more than ever."
He added: "We want to continue to lead the way in shaping what affordable fashion looks like and give our customers the confidence that they can always trust Primark for the very best prices but without compromising on style or on quality."
Chinese bargain giants Temu and Shein have exploded in Britain, with Temu more than doubling its UK audience in just two years while Shein has added around 4.4 million visitors since 2023, and many experts are suggesting that Primark's price slash is in direct response to this new competition.
As retail analyst Natalie Berg told the BBC: "When Shein is selling dresses for 3, you've got to respond, right?"
[]Gold Star is the latest chapter in the evolution of the Daily Star. Our premium digital service has launched, offering you even more of our brilliant journalism but with even fewer adverts.
And if you do, this is what youll get:
- A new ad-lite subscription service offering unlimited access to Gold Star and our app, as well as a cleaner viewing experience with far fewer ads
- Access to exclusive subscriber-only articles crafted specifically for readers who want their stories to dig a little deeper. This will include unique insight from our writers alongside thought-provoking comment
- Bespoke special offers, rewards and competitions from our partners
- Access our Gold Nuggets, the juiciest picks from the Daily Star - no digging required!
- The most fun you can have with a daily news brand anywhere in the world!
Membership starts at 1.99 a month or 12 for the year. These are both Gold Star launch offers for the next 12 months so make sure you dont miss out.
Click on this article to subscribe
Choose Daily Star as a 'Preferred Source' on Google News for quick access to the news you value.
[Google Preferred Source Badge]At Reach and across our entities we and our partners use information collected through cookies and other identifiers from your device to improve experience on our site, analyse how it is used and to show personalised advertising. You can opt out of the sale or sharing of your data, at any time clicking the "Do Not Sell or Share my Data" button at the bottom of the webpage. Please note that your preferences are browser specific. Use of our website and any of our services represents your acceptance of the use of cookies and consent to the practices described in our Privacy Notice and Terms and Conditions.
Accept| Web Proxy Viewer | New URL | Original Page |