primark principle?

The Primark principle refers to the business model of the popular fast fashion retailer Primark, which focuses on offering trendy and affordable clothing and accessories to a wide range of customers. The principle is based on providing high-quality products at low prices, allowing customers to stay on top of the latest fashion trends without breaking the bank. Primark's success is built on its ability to quickly produce and distribute new styles, keeping up with the fast-paced nature of the fashion industry.

The Primark Principle states that the more popular a product becomes, the lower its price should be. This is because the increased demand for the product allows the manufacturer to spread the fixed costs of production over a larger number of units, resulting in a lower per-unit cost. The Primark Principle was coined by George Weston, the founder of the Primark clothing store chain.