Assignment Help on How Primark Thrives in Retail
Primark, the popular fashion retailer, has taken British and global markets by storm by providing stylish clothes at low costs. But what propels its success beyond the store doors? Let us explore Primark's business climate to learn the reasons behind its success and how it survives the maze of retail. Stakeholder Engagement: Building Strong Relationships Primark's success is not just selling clothes; it's making and sustaining relations with multiple stakeholders: Government: Primark complies with UK legislation and regulations to maintain standards for labour and ethical trade. Customers: By providing trendy products for men, women, and children at value prices, Primark captures the changing needs of its multi-ethnic customer base. Suppliers and Workers: Primark maintains good relations with suppliers, making timely payments and providing assistance. It also focuses on fair labour practices and safe working conditions within its supply chain. Competitors: Primark rema...