Primark strikes deal with Sears to open seven stores in the US

 
Catherine Neilan
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PRIMARK has struck a deal to open seven stores in the US, including its first in New York, through a leasing deal with retailer Sears.

The value retailer revealed yesterday it has agreed to take around 520,000 square feet of unwanted retail space from Sears in shopping malls in the north east of the US.

First to open late next year or early 2016 will be a store at the largest mall in the country, the King of Prussia – which is anchored by big name retailers such as Nordstrom and Macy's – located just outside of Philadelphia.

Primark will open a 70,000 sq ft store in the Staten Island Mall in New York in 2016.

The other five locations will be announced in due course. It follows plans by the Associated British Foods-owned business to open its first US store in Boston, due to launch before Christmas next year.

A spokesman said: “The stores will form part of the new Primark estate in the north east of the US. ABF has already said that Primark plans to be trading from up to 10 stores by late 2016.”

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