×
48 184
Fashion Jobs
ABERCROMBIE AND FITCH CO.
Career Level Merchandise Planner
Permanent · Columbus
LEVI'S
pt Sales Supervisor, Clarksburg, md
Permanent · Clarksburg
VICTORIA'S SECRET
Brand Operations Manager-Crossgates Mall vs
Permanent · Albany
BATH & BODY WORKS
Manager, Digital Merchandising
Permanent · Reynoldsburg
VICTORIA'S SECRET
Director, Marketing Operations
Permanent · New York
VICTORIA'S SECRET
Brand Operations Manager-The Mall in Columbia
Permanent · Columbia
JCPENNEY
Director, Omni Creative Marketing
Permanent · Plano
JCPENNEY
Buyer - Juniors
Permanent · Plano
JCPENNEY
sr Buyer - Intimates
Permanent · Plano
JCPENNEY
Corporate Senior Specialist - Asset Protection
Permanent · Plano
JCPENNEY
Transportation Manager - Dallas, tx
Permanent · Plano
JCPENNEY
Director, Inclusion & Diversity - Human Resources
Permanent · Plano
JCPENNEY
Manager - IT Support And Operations
Permanent · Plano
JCPENNEY
HR Senior Specialist - Benefits/Retirement
Permanent · Plano
JCPENNEY
Design Director - Active
Permanent · Plano
JCPENNEY
Product Manager - Customer Service & Pick Pack Applications
Permanent · Plano
NEIMAN MARCUS
Marketing Manager, Esg / ps
Permanent · Dallas
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Dallas
NEIMAN MARCUS
sr Manager Group Sales - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Supply Chain Project Analyst
Permanent · Irving
NEIMAN MARCUS
Sales Support Manager - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Sales Manager, Women's Apparel - Fashion Island
Permanent · Newport Beach
Published
May 6, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Primark seeks extra space to house £1.5bn in excess stock

Published
May 6, 2020

As retailers grapple with the problem of surplus stock and how to store it, value retail giant Primark has appointed Savills to help it find space to store large amounts of stock from abroad that currently can’t be sold.


Photo: Sandra Halliday



Primark is a rarity in modern fashion retail in that it doesn't sell its goods online, so all of the inventory it had accepted for the spring/summer season has been sitting in stores both in the UK and across Europe. Last month, it wrote-down the value of its clothing stock by £284 million and said it was losing sales of around £650 million a month.

Property Week said that the company is looking for up to 400,000 sq ft of warehouse space in the Midlands on a short-term lease as it has to find a temporary home for £1.5 billion worth of stock from overseas.

The owners of warehouse space are currently seeing a mini boom as large numbers of retailers find they have nowhere to store the stock that would normally have been sold by now. The fact that goods ordered before the lockdown are still arriving in the UK piles on further pressure.

It’s unclear how long many retailers looking for extra space will have to store the stock as some of what’s going into storage will be unsaleable immediately after the lockdown ends, even with heavy discounts. The likelihood is that some will be repurposed for the spring/summer 2021 season.

The latest move from Primark comes after the company had already reportedly rented up to 40% more warehouse space in reaction to unsold stock during the coronavirus crisis.

Copyright © 2021 FashionNetwork.com All rights reserved.