Preview

Evaluate the Internal and External Influence on Primark and Relate to It to Best Practices, Corporate Governance, Corporate Social Responsibility and Ethics?

Better Essays
Open Document
Open Document
1760 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Evaluate the Internal and External Influence on Primark and Relate to It to Best Practices, Corporate Governance, Corporate Social Responsibility and Ethics?
Submitted By
Mr. AMJAD IQBAL

INDEX

HISTORY OF PRIMARK
PESTEL ANALYSIS
SWOT ANALYSIS
CORPORATE GOVERNANCE
CORPORATE SOCIAL RESPONSIBILITY AND ETHICS
CONCLUSION
REFERENCES

Evaluate the internal and external influence on Primark and relate to it to best practices, corporate governance, corporate social responsibility and ethics?

Majority organizations need best practices for achieving organizational objectives in the terms of profit, social and ethics issues. Primark’s best practice frame work is discussing below:

PRIMARK'S HISTORY

Foundation of Primark in Ireland
In June 1969, the first Penneys store opened in Mary Street, Dublin. In 1970, four more stores were added – all in the Greater Dublin area. In 1971, the first large store outside Dublin was opened in Cork and by the end of that year there were 11 more stores in Ireland and one in Northern Ireland.
Expansion
By 1973, the number of stores had reached 18 in Ireland and Primark began trading in Great Britain with four out-of-town stores. The following year the Primark was opening the first UK High Street stores in Derby and Bristol. In the next ten years, 18 stores were added in the UK and nine in Ireland, bringing the number of stores in the UK and Ireland to 22 each. Also in 1984, the first multiple acquisition took place with the purchase in Ireland of five Woolworth stores.
From 1984 to 1994 a further 13 stores were opened in the UK and 12 in Ireland, bringing the total to 66 stores – 32 in the UK and 34 in Ireland. A major flagship store was purchased in 1992.
Primark opened its first store in the Netherlands (Rotterdam) in December 2008.
In May 2009, Primark opened its first store in Portugal (Lisbon) and its first store in Germany (Bremen).

In November 2009, a second Primark store opened in Germany (Frankfurt).

In December 2009, Primark opened its first store in Belgium (Liège).

Number of Stores Trading at 18th May 2010
COUNTRIES NO. OF STORES
United



References: 1. By Andrew Chambers Tuesday, 02 December 2008 – Ten Principles of Corporate governance. (Online Article) 2. Report of the Committee on the Financial Aspects of Corporate Governance: The Code of Best Practice (Cadbury Code) - 1 December 1992 3. Roger, J (1999) Facilitating Group Management Futures Ltd. London 4. A Joshi, NL Erhardt - Journal of management (Chapter SWOT analysis), 2003 5. RS Kaplan, DP Norton - Your Organization on Strategy 2000

You May Also Find These Documents Helpful

  • Powerful Essays

    CONTENTS Performance Analysis Chairman’s and Chief Executive Officer and Managing Director’s Report Five Year Financial Statistics Executive Committee Corporate Governance Statement…

    • 57541 Words
    • 521 Pages
    Powerful Essays
  • Good Essays

    John Lewis

    • 1684 Words
    • 7 Pages

    A chain of Retail stored, based in Great Britain, first opened its store in 1864 in Oxford Street, London.…

    • 1684 Words
    • 7 Pages
    Good Essays
  • Good Essays

    strategies and assess the strengths and weaknesses of Primark’s current competitors, including a thorough examination…

    • 5262 Words
    • 37 Pages
    Good Essays
  • Powerful Essays

    Over the years businesses have been bought through acquisition; this complements its existing store locations, product range and adds to the range of services it can offer. The 600th outlet was opened in November 2002.…

    • 1770 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Topshop Swot Analysis

    • 575 Words
    • 3 Pages

    Topshop’s triumph has been impressive, despite its humble start. Topshop started in the basement of Peter Robinson department store in 1964 and a few years later became an independent retailer. In 1994, the brand took over the entire 90,000 sq ft space at London Oxford Circus, when the iconic Topshop flagship was launched. It is still there today, and is said to be the world’s biggest fashion store on the high street, captivating over 200,000 shoppers each week.…

    • 575 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Corporate Governance in Uk

    • 2141 Words
    • 9 Pages

    Initial corporate governance developments in the UK began in the late 1980s and early 1990s in the wake of corporate scandals such as Polly Peck and Maxwell. Financial reporting irregularities led to the establishment of the ‘Financial Aspects of Corporate Governance Committee’ led by Sir Adrian Cadbury. The resulting Cadbury Report published in 1992 outlined a number of recommendations around the separation of the role of an organisation’s chief executive and chairman, balanced composition of the board, selection processes for non-executive directors, transparency of financial reporting and the need for good internal controls. The Cadbury Report included a Code of Best Practice and its recommendations were incorporated into the Listing Rules of the London Stock Exchange.…

    • 2141 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Topshop

    • 576 Words
    • 3 Pages

    Topshop was founded in 1964 as Peter Robinson's Top Shop, a youth fashion brand within the Sheffield branch of Peter Robinson, a now-defunct British department store chain. The first stand-alone Topshop store was opened in 1974. In 1970, Toman was created as a spin-off brand to cater for male customers and is now run as a separate chain, although some stores are co-located. On 1 May 2010, Topshop opened its first New Zealand store. Located on Auckland's North Shore, the shop sold out of some of its ranges before it had even opened. Topshop expanded into Australia in 2011, with flagships opened in both New South Wales and Victoria. In November 2012, Topshop launched its first store in South Africa. In April 2013 a Topshop-Topman store launched in Cape Town, at the V&A Waterfront, with then a total of three stores in the country.In December 2012, Philip Green agreed to sell a 25% stake in Topshop and Topman to the United States-based private equity group Leonard Green and Partners for US$805 million.…

    • 576 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Topshop Case Study

    • 2646 Words
    • 11 Pages

    Topshop is a UK leading Fashion retailer. Topshop started in 1964 in the basement of Peter Robinson, a department store in the North of England. It is part of the long standing retail force of the Arcadia Group which includes Burton, Dorothy Perkins, Miss Selfridge and Wallis. Topshop has over 300 stores across the UK and over 100 in international territories. In 1965 Topshop was given the basement of the largest Peter Robinson store right in the middle of Oxford Street London, the most famous street for fashion. Topshop become a standalone retailer in 1974 and launched Topman in 1978 to go along side Topshop, the sister brand. In 1992 Topshop and Topman joined forces and created the largest fashion retail store in the world attracting over 200,000 shoppers a week covering 90,000 sqft at 214 Oxford Street London. Topshop has now become a fashion phenomenon and is synonymous with cutting edge fashion at affordable prices.…

    • 2646 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Primark Essay

    • 759 Words
    • 4 Pages

    By 1973, the number of stores had reached 18 in Ireland and Primark began trading in Great Britain with four out-of-town stores. The following year saw the opening of the first UK High Street stores in Derby and Bristol…

    • 759 Words
    • 4 Pages
    Good Essays
  • Good Essays

    primark

    • 2108 Words
    • 9 Pages

    From 1984 to 1994 a further 13 stores were added in the UK and 12 in Ireland, bringing the total to 66 stores – 32 in the UK and 34 in Ireland. A major flagship store was purchased in 1992 – a 50,000 sq. ft. unit in O’Connell Street, Dublin, as BHS exited Ireland.…

    • 2108 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Primark was first opened by Arthur Ryan in June 1969 in Mary Street, Dublin under the name Penneys. It became apparent that more stores were required and another four were added to the chain.…

    • 321 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Marketing Mix Topshop

    • 1810 Words
    • 8 Pages

    Although Topshop itself was launched in 1964, its parent company, The Arcadia Group, dates back to 1900 when Montague Burton launched it with an investment of £100. Initially the menswear chain Burton was the company's principal brand, but the launch of Topshop in the 1960s took the Group into the women's fashion market. It was a small start, with Topshop initially only having space in a Sheffield department store called Peter…

    • 1810 Words
    • 8 Pages
    Good Essays
  • Best Essays

    References: Corporate Governance Principles and Recommendations with 2010 Amendments, 2010, Asxgroup, Viewed 10 October 2013, http://www.asxgroup.com.au/media/PDFs/cg_principles_recommendations_with_2010_amendments.pdf.…

    • 2077 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Business Context

    • 2086 Words
    • 9 Pages

    In 1956 the 1st self service store opened in st Albans (operated as tesco metro until 2010) and also the same year the 1st supermarket in malden was opened. After its formation in the 1920’s during the 1950’s and 1960’s tesco saw a rapid growth and grew organizationally also through acquisitions until it owned close to 800 stores. This included a purchase of 70 willaimsons stores(1957), 212 irwin’s stores(1960), 200 harrowstones outlets(1959), and the victor value chain(1968) which was sold to be jam in 1986.Though originally tesco was specialising in food and drinks, it later diversified into many vast areas such as clothing, electronics,…

    • 2086 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Corporate Governance Tesco

    • 2252 Words
    • 7 Pages

    Broadbent, R. (2014). Corporate governance report. 1st ed. [ebook] Available at: http://files.the-group.net/library/tesco/annualreport2014/pdfs/tescoar14_gov_corporategovernance.pdf [Accessed 26 Mar. 2015].…

    • 2252 Words
    • 7 Pages
    Best Essays