Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

By Kerri Anne Renzulli
September 24, 2015
Primark's  U.S. Grand Opening at Primark Downtown Crossing on Sept. 9, 2015 in Boston.
Primark's U.S. Grand Opening at Primark Downtown Crossing on Sept. 9, 2015 in Boston.
Paul Marotta—Getty Images for Primark

Watch out H&M and Forever 21: Another cheap-and-chic fashion retailer is competing to win a piece of American hearts and wallets.

Irish clothing retailer Primark, beloved in its home country (where it’s known as Penneys) and across Europe for low-prices and fashion-forward styles, opened its first U.S. store in Boston earlier this month—and has announced an ambitious expansion plan.

The U.K.’s largest clothing and accessories retailer (by number of items sold), Primark plans to set up shop in Philadelphia in November, New York City’s Staten Island in 2016, and five more spots across the Northeast in the next two years.

The company, which operates 300 stores across Europe, specializes in “fast fashion,” so called for the amazing speed with which such retailers jump on the latest high-end fashion trends and gets cheaper knock-off versions onto their sales floors—giving them an edge over traditional operations that take months to imitate styles consumers are seeing on the runways. With an ever-changing roster of products, buyers are lured back into these stores again and again to see what’s new; meanwhile, low prices decrease the perceived risk of a given item soon going out of style.

The going rate for a pair of jeans at Primark? $15. Sweaters will set you back about $14; a new necklace, $3. In fact, Primark tends to undercut even the cheapest comparable U.S. retail offerings: A Sanford C. Bernstein analysis predicted that Primark’s prices will be about 20% less than those at Forever 21, 33% less than Old Navy’s, and almost 40% less than H&M’s.

The Irish retailer manufacturers its own merchandise and says its technology, efficient distribution system, and volume enable it to offer such low prices.

The sad news for fast-fashion junkies: So far, Primark doesn’t have an online store. Its website instead acts as a lookbook, or catalog, showcasing products that are available only in stores. Meaning if you want to scoop up these deals you’ll need to make a trip to Boston, or wait for one of the other eight planned locations.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST