Primark opens first US store in central Boston September 11, 2015 Retail giant Primark has taken its first step into the US market, with plans to launch a total of eight stores in the region over coming months. The group opened its flagship store in Boston yesterday, having previously opened a distribution centre in Pennsylvania last week. “We have chosen the ideal location for our north [...]
Primark launches in Boston: Will the Irish retailer’s dream become a reality? September 10, 2015 In a bid to turn Primark into a global brand, the company is finally stepping out of its Western Europe comfort zone and making its American debut with its first store launch today (10 September) in Boston. Other leading European brands such as H&M and Topshop entered the US with stores in New York [...]
Glencore pulls FTSE up on back of debt scheme – London Report September 8, 2015 BRITAIN’S top share index rose yesterday, led into positive territory by Glencore after the mining and commodities trading firm announced a plan to cut billions of dollars in debt in the face of weakening metals prices. The FTSE 100 was up 31.60 points, or 0.5 per cent, at 6,074.52 points at the close, rallying after [...]
Even Primark can’t save Associated British Foods from a drop in profits this year, as sugar and currency woes hit the business hard September 7, 2015 Associated British Foods (ABF) has confirmed its adjusted operating profit will decline for the full year as its has failed to offset challenges in its sugar division and currency headwinds. Operating profit at constant currency will be ahead of last year for grocery, agriculture, ingredients and retail, ABF said this morning. The firm's share [...]
Bank to announce rates decision as China woes weigh – London Report September 6, 2015 THE BANK of England will be centre of attention on Thursday when it provides a simultaneous release of its monetary policy decision and minutes from its monetary policy committee (MPC) meeting. The MPC is almost certain to keep interest rates unchanged at 0.5 per cent, with worries about China and oil price declines meaning other [...]
Supermarket wars hot up: Poundland launches online shopping trial September 1, 2015 Poundland is dipping a toe in the waters of online retailing, with the bargain chain launching a trial online shopping service today. The discount retailer’s website, will initially offer 2,000 products ranging from Poundland’s £1 Make Up Gallery cosmetics range to Toblerone bars and three-for-£1 cans of Coke. Poundland said the service will have no [...]
Retail supplier Li & Fung hit by slow shopping August 21, 2015 SLOWING consumer demand in Europe and the US triggered a fall in retail supplier Li & Fung’s profits this half-year, the company said yesterday. The Hong Kong-based exporter, which supplies stores in the UK such as Primark and Marks and Spencer, said core operating profits fell by a fifth to $182m (£130m) from $227m for [...]
Fat Face plots first US store despite profit fall August 21, 2015 FAT FACE is gearing up for expansion overseas after revealing plans yesterday to open its first two stores in the US before Christmas. The casual clothing chain, which has 216 shops in the UK and Ireland has invested a record £9m over the past year on improving its IT and distribution network as well as [...]
FTSE 100 bosses have old names August 18, 2015 FTSE 100 chiefs may be upset to learn that their once commonplace names have had their day. According to the Office for National Statistics, no female FTSE 100 chief exec shares a name with one of the top 10 most popular baby names in the UK. As for the men, none of the top boss [...]
Paris Primark: Gunmen hold up store in suspected armed robbery in suburb of Villeneuve-la-Garenne July 13, 2015 Gunmen have held up a Primark store in the suburbs of Paris in a suspected armed robbery, with several people reportedly held hostage. The Primark store is located in the Qwartz shopping centre in Villeneuve-la-Garenne, an area to the north of the centre of Paris. Further reports say around 18 people have been evacuated from [...]