All Associated British Foods articles – Page 2
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News
Primark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
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News
Primark expects profits to be in line with last year following strong reopening
Primark owner ABF has said the fashion giant’s stores have performed exceptionally well since reopening and predicted full-year profits will be in line with the previous year.
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News
Primark owner to repay furlough cash as reopened stores deliver record sales
Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
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Analysis
Analysis: Five ways that W Galen Weston changed retail
Retail Week looks at how the entrepreneur and philanthropist built a transatlantic empire and changed the face of the industry.
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News
Primark positive over plans for April 12 reopening with 'worst behind us'
Primark finance boss John Bason has said the retailer believes it is “more than likely” it will reopen stores on April 12.
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News
Primark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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News
Primark: Online ‘not a priority’ as it prepares for stores reopening
Primark will not prioritise the creation of a transactional online business despite the rise of ecommerce during the Covid-19 pandemic.
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News
Primark targets June 15 reopening for majority of stores
Value fashion giant Primark aims to open its English stores a fortnight today, by which time the majority of its international estate will be trading again.
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News
Primark’s European reopenings buoyed by bigger basket sizes
Primark has been permitted to reopen its stores in Austria and the Netherlands, giving the bricks-and-mortar retailer a boost. The reopened stores have also demonstrated what customer behaviours might be when the UK restrictions are lifted.
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Opinion
Opinion: Supporting suppliers now will pay dividends tomorrow
The coronavirus pandemic has not only decimated retailers’ performance, its effects are being felt by the industry’s suppliers too.
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News
Primark to cover factory wages after coronavirus order cancellations
Primark has created a fund to cover wages of factory workers in countries such as Bangladesh and Sri Lanka where the value fashion giant has cancelled orders as coronavirus led to the closure of stores.
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News
Coronavirus: Primark execs take pay cuts as Joules raises £15m
Executives at Primark and its parent company Associated British Foods (ABF) have slashed their pay in half amid the ongoing coronavirus crisis.
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News
Primark owner calls for rates reform as coronavirus outbreak hits trade
Primark parent company ABF’s finance director John Bason has urged the government to address business rates reform as the retail industry battles the impact of the coronavirus outbreak.
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Analysis
Analysis: Is shopping in stores like Primark really greener than online?
The boss of Primark owner Associated British Foods has claimed the high street chain is “a solution” to fashion’s sustainability crisis. Do his claims that shopping in-store is better for the environment really stack up?
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News
Primark profits rise as it eyes international expansion
Primark has posted an increase in full-year profits and set its sights on further international expansion, despite declining like-for-like sales.
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Analysis
Analysis: Primark's secret? Exacting execution
Primark’s unbeaten run continued in its latest results as the value retailer yet again beat the market, even as others crash around it.
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News
Primark hires ex-Zara executive Paula Dumont Lopez
Primark has drafted in former Zara executive Paula Dumont Lopez months after value fashion rival New Look made a dramatic U-turn over her appointment.
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Analysis
Analysis: How Primark is stemming margin decline
Primark’s margins remained stable in its most recent quarter. How is the fashion giant achieving this?
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News
Breakfast briefing: Next, AB Foods and more
Retail news round-up: Next and AB Foods boosted by broker upgrades, iCandy falls into administration and Matchless launches first London store.
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News
Today in retail: Boohoo toasts etail triumph Stateside
Boohoo bosses Carol Kane and Mahmud Kamani will no doubt be popping corks today as their booming business doubled its full-year profits.
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