Primark to target US retail market

Dublin-headquartered discount clothing retailer, Primark — which trades, here, as Penneys — plans to enter the US market, identifying Boston as its entry point.

The company, which is ultimately owned by UK conglomerate, Associated British Foods (ABF), has already signed a lease for a 70,000 sq ft space in Boston’s historic Burnham Building, which is currently being renovated.

Primark, which has operations in Ireland, Britain and mainland Europe, hopes to open its maiden US venture late next year and has plans to open further stores — negotiations are already under way — around the middle of 2016 elsewhere in the north-east region of the US.