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Primark
Primark Stores Limited (; trading as Penneys in the Republic of Ireland) is an Irish multinational fast fashion retailer with headquarters in Dublin, Ireland. It has stores across Europe and in the United States. The Penneys brand is not used outside of Ireland because it is owned elsewhere by American retailer J. C. Penney. History The company's first store, named Penneys and still in operation, was established by Arthur Ryan in June 1969 on behalf of the Weston family (who had founded Associated British Foods in 1935) at 47 Mary Street in Dublin. Success in the Republic of Ireland led to expansion into Northern Ireland, with Penneys opening a large store in Belfast city centre in 1971. The company subsequently expanded outside of Ireland with a Primark store in Derby, England, in 1973. The company could not use the name "Penneys" in Europe outside Ireland, as it was registered by J. C. Penney. The name "Primark" was then invented to use outside Ireland. Primark opened ...
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Arthur Ryan
Arthur St. John Ryan (18 July 1935 – 8 July 2019) was an Irish businessman who was the founder, chairman, and chief executive of Primark. The company trades under the name of Penneys in the Republic of Ireland. Early life Arthur Ryan was born the son of a Cork-born insurance clerk in 1935, and went to the Synge Street CBS in Dublin after moving to the city with his family. After emigrating to London, he entered the genteel world of gentlemen's tailoring as a tie buyer at Swan & Edgar. He also worked for London fashion wholesaler Carr & McDonald. From there, he returned to Dublin and a job at Dunnes Stores in Cornelscourt. Business career Ryan opened the first Penneys shop on Mary Street in Dublin in 1969. Subsequently, in 1974, he took the model to Britain – renaming the stores Primark to avoid legal problems with US chain JC Penney. The major turnaround came in 2005, when Primark acquired a huge portfolio of Littlewoods stores. Meanwhile, close attention to catwalk tren ...
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Fast Fashion
Fast fashion is a term used to describe the clothing industry's business model of replicating recent catwalk trends and High fashion, high-fashion designs, mass production, mass-producing them at a low cost, and bringing them to retail stores quickly, while demand is at its highest. The term ''fast fashion'' is also used generically to describe the products of the fast fashion business model. Fast fashion grew during the late 20th century as manufacturing of clothing became less expensive — the result of more efficient supply chains and new quick response manufacturing methods, and greater reliance on low-cost labor from the apparel manufacturing industries of South, Southeast, and East Asia, where women make up 85-90% of the garment workforce. Labor practices of fast fashion are often exploitative, and due to the gender concentration of the garment industry, women are more vulnerable. Retailers who employ the fast fashion strategy include Primark, H&M, Shein (company), Shein, ...
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Filene's
Filene's (formally William Filene & Sons Co.) was an American department store chain; it was founded by William Filene in 1881. The success of the original full-line store in Boston, Massachusetts, was supplemented by the foundation of its off-price sister store Filene's Basement in 1908. Filene's, in partnership with Abraham & Straus, Lazarus, and Shillito's, was an original member of the holding company Federated Department Stores upon its establishment in 1929. Filene's expanded into shopping malls throughout New England and New York in the later half of the twentieth century, and was rivaled by fellow Boston-based department store Jordan Marsh. Federated sold Filene's to The May Department Stores Company, and spun off Filene's Basement into a separate company, in 1988. With this reorganization, the Filene's nameplate replaced the Hartford-based G. Fox & Co. in 1992 and Steiger's in 1994; the store assumed control of the Pittsburgh-based department store chain Kaufmann's in ...
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Associated British Foods
Associated British Foods plc (ABF) is a British multinational food processing and retailing company headquartered in London, England. Its ingredients division is the world's second-largest producer of both sugar and baker's yeast and a major producer of other ingredients including emulsifiers, enzymes and lactose. Its grocery division is a major manufacturer of both branded and private label grocery products and includes the brands Mazola, Ovaltine, Ryvita, Jordans and Twinings. Its retail division, Primark, has some 384 stores across several countries, predominantly Germany, Ireland, Netherlands, Spain, and the UK. ACH Food Companies is an American subsidiary. Associated British Foods is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History The company was founded by Canadian W. Garfield Weston in 1935, initially as Food Investments Limited, with the name changing to Allied Bakeries Limited a month later. Between 1935 and 1956, ten nation ...
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Greggs
Greggs plc is a British bakery chain. It specialises in savoury products such as bakes, sausage rolls, sandwiches and sweet items including doughnuts and vanilla slices. It is headquartered in Newcastle upon Tyne, England. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index. Originally a high street chain, it has since entered the convenience and drive-thru markets, this achieved mainly through its partnership with EG Group. History Early history Greggs was founded by John Gregg (baker), John Gregg as a Tyneside bakery in 1939. It opened its first shop in Gosforth, Newcastle upon Tyne in 1951. When Gregg died in 1964, the bakery was taken over by his son, Ian, with his brother Colin also contributing. Major expansion began soon after, including the acquisitions of other bakeries such as Glasgow-based Rutherglen in 1972, Leeds-based Thurston's in 1974, Broomfields the Bakers, London, Bowketts the Bakers in Kent, Tooks the Bakers (East Anglia ...
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Zara (retailer)
ZARA () is a Spanish multi-national retail clothing chain. It specialises in fast fashion, and sells clothing, accessories, shoes, beauty products and perfumes. The head office is in Arteixo, in A Coruña in Galicia. It is the largest constituent company of the Inditex group. In 2020 it was launching over twenty new product lines per year. History Early history Zara was started by Amancio Ortega in 1975. His first shop was in central A Coruña, in Galicia, Spain – where the company is still based. He initially called it ''Zorba'' after the classic 1964 film ''Zorba the Greek'', but after learning there was a bar with the same name two blocks away, rearranged the letters to read "Zara". It is believed the extra ''a'' came from an additional set of letters that had been made for the company. It sold low-priced lookalike products of popular, higher-end clothing fashions. He opened more shops in Spain. During the 1980s, he changed the design, manufacturing, and distribution pr ...
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Littlewoods
Littlewoods was a retail and football betting company founded in Liverpool, England, by John Moores in 1923. By the 1980s, it had grown to become the largest private company in Europe, but subsequently declined in the face of increased competition from rivals and the Internet. The original company – employing 4,000 people – was wound up in 2005; however, its brand name is retained by The Very Group as the online retailer Littlewoods.com. History The original company began in 1923 as a football pools (sports betting) company, known as Littlewoods Pools. After making a loss in the first season of operation, John Moores' original partners withdrew from the venture. Moores persisted with family assistance and by 1932 was in a position to expand the business into mail-order retailing. The first mail-order catalogue was sent to existing subscribers to the pools and the take up, mostly women, formed 'clubs'. Effectively, they became retail agents, collecting money for goods ...
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Downtown Crossing
Downtown Crossing is a shopping district within downtown Boston, Massachusetts, located east of Boston Common, west of the Financial District, south of Government Center, and north of Chinatown and the old Combat Zone. It features large department stores as well as restaurants, souvenir sellers, general retail establishments, and street vendors. The Downtown Crossing MBTA station lies in the center of the district. The district gets its name from the intersection of Washington Street with Winter and Summer Streets. Historically, the district was anchored by two department stores, Jordan Marsh and Filene's which stood opposite each other at the intersection. While both stores have since been bought by other chains and no longer exist, the district continues to be a major pedestrian shopping area, with the area of Washington, Winter, and Summer streets surrounding the intersection closed to most vehicular traffic; pedestrians may walk freely in the street. History Ear ...
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Weston Family
The Weston family is a prominent Canadian-origin family of businesspeople with global interests primarily in food and clothing ventures. The family operations began with the purchase of a bakery in 1884 by American-born Canadian George Weston in Toronto, Ontario. Since then, his family members have also branched to Ireland and the United Kingdom. Through George Weston Limited and various holding companies, the Canadian branch of the Weston family currently owns or controls over 200 companies, including the Loblaws supermarket chain and the Shoppers Drug Mart pharmacy chain. Among their other businesses, members of this branch own or control several additional retailers, including Holt Renfrew in Canada. They previously owned other upscale department stores in the Selfridges Group, including Selfridges in the UK, Brown Thomas and Arnotts in Ireland, and De Bijenkorf in the Netherlands. The main holding company of the British branch of the family is Wittington Investments. 79.2% o ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ...
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Madrid
Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and its monocentric metropolitan area is the third-largest in the EU.United Nations Department of Economic and Social AffairWorld Urbanization Prospects (2007 revision), (United Nations, 2008), Table A.12. Data for 2007. The municipality covers geographical area. Madrid lies on the River Manzanares in the central part of the Iberian Peninsula. Capital city of both Spain (almost without interruption since 1561) and the surrounding autonomous community of Madrid (since 1983), it is also the political, economic and cultural centre of the country. The city is situated on an elevated plain about from the closest seaside location. The climate of Madrid features hot summers and cool winters. The Madrid urban agglomeration has the second-large ...
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Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ...
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