Penneys owner AB Foods raises full year outlook Primark owner Associated British Foods has today raised its financial guidance for full year 2022-23 after a strong first half performance from the clothing retailer. Business • 27 Feb
Primark cautious on 2023 outlook after strong Christmas Clothing retailer Primark has reported better than expected trading over the Christmas quarter, parent Associated British Foods said today, but cautioned economic headwinds may dent … Business • 24 Jan
Primark owner sticks to forecast of lower profit Primark and Penneys owner Associated British Foods today reiterated a November forecast that profit would fall in its 2022-23 financial year due to input cost … Business • 09 Dec 22
Primark to invest £140m in UK stores Fashion chain Primark has set out plans to invest £140m in its UK store estate over the next two years, betting on its rock-bottom prices … Business • 25 Nov 22
Primark website crashes on UK click and collect debut Fashion retailer Primark's new click and collect online service crashed shortly after its launch today, with some shoppers in Britain unable to access its website. Business • 14 Nov 22
No point upping Primark prices if consumers cash-poor Primark owner Associated British Foods said today it faces "substantial and volatile" input cost inflation that will hit results in its current financial year, taking … Business • 08 Nov 22
Primark-owner's shares slump after profit warning Associated British Foods today warned of lower profit next year, as its Primark fashion brand contends with worsening costs and increasingly cautious customers who are … Business • 08 Sep 22
Britain's M&S finance chief to resign Marks and Spencer has said its finance and strategy chief Eoin Tonge will be leaving the company to take up a new role at Primark-owner … Business • 21 Jul 22
Primark to trial click & collect service in UK The owner of Primark has said it will will trial a click & collect service on children's products in some UK stores. Business • 20 Jun 22
Primark expands sustainable cotton programme Primark, one of Europe's biggest fast fashion chains, has pledged to train an additional 125,000 smallholder cotton farmers in more sustainable farming methods in India, … Business • 06 May 22
Primark to raise prices due to inflationary pressures Budget clothing chain Primark is set to raise prices due to severe inflationary pressures, its parent company Associated British Foods said today, as it also … Business • 26 Apr 22
Primark puts click-and-collect on its radar Fashion chain Primark, which has shunned the extra cost of home delivery, could add click-and-collect services to its revamped website over time. Business • 11 Mar 22
AB Foods sees strong H1 on improved Primark performance Associated British Foods has today forecast first-half sales and adjusted operating profit "strongly ahead" of the previous year and ahead of pre-Covid 19 levels, reflecting … Business • 28 Feb 22
AB Foods says Primark sales up 36% over Christmas Associated British Foods said that sales at its Primark fashion business over the 16 weeks to January 8 were up 36% compared to last year … Business • 20 Jan 22
AB Foods says Primark trading ahead of expectations Associated British Foods said today that trading to date in its new financial year at its Primark fashion business had been ahead of expectations with … Business • 10 Dec 21
AB Foods expects Primark to bounce back from Covid hit Associated British Foods has forecast a significant increase in sales and profit at its Primark fashion chain in its new financial year after the 2020-21 … Business • 09 Nov 21
Primark's sales miss expectations due to Covid hit Sales at fashion retailer Primark fell short of management expectations in its latest quarter, hit by public health restrictions in major markets to control the … Business • 13 Sep 21
Primark ups full year outlook after sales top forecasts Associated British Foods said today that third-quarter sales at its Primark fashion stores which reopened after Covid-19 lockdowns were ahead of expectations in all markets. Business • 01 Jul 21
Primark expansion continues with first store in Prague Retailer Primark has opened its first ever shop in the Czech Republic as it continues to expand across Europe and the US. Business • 17 Jun 21
AB Foods' H1 profit down 50% on Primark's Covid hit Associated British Foods has today reported a halving in first half profit after Covid-19 lockdowns closed its Primark fashion stores but said it saw record … Business • 20 Apr 21
Death announced of businessman Galen Weston The death has been announced of well-known businessman Galen Weston. Business • 13 Apr 21
Primark pauses placing new orders in Myanmar Primark has today become the latest clothing retailer to suspend new production orders in Myanmar in the wake of last month's military coup. Business • 31 Mar 21
Primark warns of £1.1 billion lockdown hit to sales Associated British Foods has warned today that it expected to lose sales worth £1.1 billion from the lockdown of its stores at fast-fashion chain Primark … Business • 25 Feb 21
AB Foods ups sales loss from Covid closures to £650m Primark-owner AB Foods said tougher lockdown measures in Britain and Ireland would result in an estimated sales loss of £650m this financial year, up from … Business • 31 Dec 20
Primark looks to recoup £430m of sales lost to lockdown Associated British Foods said today the estimated hit to sales at its Primark fashion chain from Covid-19 related store closures this autumn is about £430m, … Business • 04 Dec 20
