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Primark coming to King of Prussia Mall

Sears, the struggling department store chain announced Monday that it will be leasing space to the Irish retailer Primark.

Sears, the struggling department store chain announced Monday that it will be leasing space to the Irish retailer Primark.

Primark is owned by Associated British Foods and will be leasing space in Sears' across the Northeast United. King of Prussia Mall will be one of the sites acquiring a Primark space.  The King of Prussia Sears will thereby no longer exist directly at the mall—the top level is already leased by Dick's Sporting Goods and the lower level will be taken over by Primark.

There will be seven Sears locations leasing space to Primark stores including a store at the Staten Island Mall in New York City. The department store chain said that within the next 12 to 18 months it will lease nearly 520,000 square feet of space to Primark. The remaining five spaces will be announced later.

[MarketWatch]