Primark owner says it expects ‘significant progress’ in the coming year as it opens new stores PRIMARK Associated British Foods said this morning trading to date in its new financial year at its Primark fashion business had been ahead of expectations with improved like-for-like sales compared to the fourth quarter of its last year.
Primark debuts targets to slash environmental impact Primark debuts targets to slash environmental impact Fast fashion chain Primark has pledged to improve its environmental impact with changes to its products and boosting workers’ wages. The retailer said it would use more recyclable materials, make sure clothing lasted longer, and raise wages for workers, all while keeping prices the same for the consumer. This is the first time Primark has [...]
ABF pins ‘lower than expected sales’ at Primark on summer pingdemic ABF pins ‘lower than expected sales’ at Primark on summer pingdemic Sales at Primark, a subsidiary of Associated British Foods, have dipped below expectations in the last year, as Gen Z shoppers move away from fast fashion brands. In its pre-close trading update for the full year to 18 September, Associated British Foods (ABF) said: “We have seen a significant improvement in trading as the period [...]
Primark’s Oxford Street and Wood Green changing rooms to turn into pop-up Covid jab clinics this weekend August 27, 2021 Primark changing rooms at two London stores will become vaccination clinics this bank holiday weekend. Shoppers can turn up without an appointment and get a first or second dose of the Pfizer coronavirus vaccine, NHS England said. The popular clothing chain store has partnered with the NHS, Haringey Council and Westminster City Council to host [...]
Primark lifts profit forecast after store reopenings boost sales July 1, 2021 Primark has hiked its profit forecast for the full year after the easing of lockdown restrictions drove a sharp rise in sales for the third quarter. Parent company Associated British Foods (ABF) said profit at the budget fashion chain would be roughly in line with last year — up from previous guidance of “somewhat lower”. [...]
Shakespeare: Primark at the heart of the reopening fun April 28, 2021 The easing of lockdown restrictions on April 12 allowed non-essential retail stores to reopen nationwide – and data from YouGov BrandIndex UK suggests that Primark has been a particular beneficiary. The budget fashion chain recently returned £121m to the Treasury, following record sales in the week after the lockdown restrictions were relaxed. In the days [...]
Primark owner restores dividend as high street stores reopen April 20, 2021 The owner of Primark today said it would restore its dividend and pay back furlough money as it issued an upbeat outlook following the reopening of retail stores. Associated British Foods (ABF) halted its payout last year due to the outbreak of Covid-19, which sparked an almost £1.5bn hit to its first-half Primark sales. The [...]
Retail and food magnate behind Selfridges and Primark dies aged 80 April 13, 2021 W. Galen Weston, the retail and food businessman behind Selfridges Group, Fortnum & Mason and Primark, has died aged 80. Weston passed away peacefully yesterday after a long illness, his family announced today. “My father’s greatest gift was inspiring those around him to achieve more than they thought possible,” said his son Galen G. Weston, [...]
Primark owner takes £1.5bn sales hit from lockdown restrictions February 25, 2021 Primark owner Associated British Foods (ABF) this morning warned lockdown store closures would take £1.1bn off first half sales
Debate: Will digital retailers continue to hoover up high street chains? January 27, 2021 Boohoo’s purchase of the Debenhams brand, and Asos’ pursuit of Topshop, suggests that the online revolution has very much succeeded. But is it that simple? Vicky Bullen, CEO, Coley Porter Bell says YES You don’t have to be Mike Ashley to spot the enormous opportunity in online retail since the coronavirus pandemic hit. Never before [...]