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Penneys hopeful it won't be hit by Red Sea disruptions

Associated British Foods said underlying sales growth slowed at its Primark-Penneys clothing business in the Christmas quarter and it cautioned it could face additional supply costs due to the disruption in the Red Sea.

Business • 23 Jan 24

Penneys has launched its first adaptive lingerie collection

Penneys launches first adaptive lingerie collection

Penneys said today it is aiming to make adaptive fashion more accessible and affordable with the launch of its first adaptive lingerie collection.

Business • 18 Jan 24

Primark already has 15 stores in Italy after opening its first one in Milan eight years ago

Primark invests €50m in five new stores in Italy

Fashion retailer Primark - which trades as Penneys here - has today announced an investment of over €50m in its Italian business.

Business • 29 Nov 23

Penneys owner Associated British Foods has reported a 5% increase in annual profit

Penneys/Primark says well set for Christmas

Fashion retailer Penneys/Primark is heading into Christmas in good shape and with trading momentum after its strategy of passing on only limited price rises kept shoppers on its side.

Business • 07 Nov 23

Penneys owner Associated British Foods has raised its full year profit outlook again

Penneys owner AB Foods raises profit outlook again

Associated British Foods has today raised its full year profit outlook for the second time in four months, driven by a strong performance from both its Primark clothing business and its food operations.

Business • 12 Sep 23

Fintan Costello, the new head of Penneys Republic of Ireland & Northern Ireland

Costello named new head of Penneys Irish operations

Primark - which trades as Penneys here - has appointed Fintan Costello as the new Head of Penneys Republic of Ireland and Northern Ireland, taking over from Damien O'Neill.

Business • 06 Sep 23

Penneys' flagship site in Mary Street in Dublin first opened in 1969

Penneys invests €10m in revamp of Mary Street store

Penneys has completed a €10m investment project on a full refurbishment of its first ever store on Mary Street in Dublin city centre.

Business • 31 Aug 23

Revenues at Irish Penneys stores jumped 44% last year

Revenue at Primark's Penneys stores in Ireland bounced back by 44% to €693m in the year to last September, according to accounts just lodged with the Companies Registration Office.

Business • 26 Jul 23

Penneys said the decision to introduce lower prices for its children's clothes follows the decision last year to freeze prices across over 1,000 kidswear and baby items

Penneys to cut children's clothing range prices

Penneys is set to lower the prices on hundreds of its children's products in its Autumn/Winter collection as consumers continue to deal with high inflation levels here.

Business • 24 Jul 23

61% of consumers surveyed now feel shopping in-store is more enjoyable than online, the latest Penneys' 'Pulse of the Nation' shows

Consumers return to shops as online shopping slows

43% of shoppers are spending more in their local community than before the Covid pandemic, while 79% of people said they prefer to shop locally in their town when they can.

Business • 10 Jul 23

Penneys opened its new revamped store in Dundrum last week

Penneys owner AB Foods raises profit outlook

Associated British Foods has today raised its profit outlook for the 2022/23 year as it reported a 13% rise in sales at its Primark fashion business in its latest quarter, boosted by demand for its new summer ranges.

Business • 26 Jun 23

Staff members greeting the first customers at the new Penneys store in Dundrum

New, bigger Penneys store opens in Dundrum

The new Penneys store in Dundrum Town Centre in Dublin has opened following a €16 million investment by the retailer.

Business • 22 Jun 23

Penneys will be creating 20 new positions as part of the store extension at Clonmel

Penneys opens newly refurbished store in Clonmel

Penneys has opened its newly revamped store in Clonmel, Tipperary, following an investment of €5.7 million.

Business • 15 Jun 23

Penneys is expanding and relocating to the second and third floor of the former House of Fraser site in Dundrum Town Centre

Penneys to open new relocated store in Dundrum in June

Penneys said it will officially open the doors of its newly relocated store in Dundrum Town Centre on Thursday June 22.

Business • 09 May 23

Penneys-owner cautious on spending as H1 profits fall

Penneys-Primark owner Associated British Foods has today reported a 3% fall in first-half profit and kept its guidance for a flat outcome in the full year, staying cautious about the resilience of consumer spending.

Business • 25 Apr 23

The research for the new Penneys index was carried out by Amárach

Women, renters most impacted by cost of living crisis

Penneys has today launched its first "Pulse of the Nation" index which shows that the cost of living crisis is weighing heavily on consumers' minds and purses, with women, renters and families most impacted.

Business • 17 Apr 23

Associated British Foods has raised its financial guidance for full year 2022-23 after a strong first half performance from Penneys/Primark

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 23

Penneys new store in Bray is due to open later this year

Penneys to open first Co Wicklow store in Bray

Penneys plans to open a new store in Bray later this year - its first outlet in Co Wicklow and its 38th store in Ireland.

Business • 17 Feb 23

Penneys launches new Irish website, but no online sales

Penneys has launched its new customer website in Ireland after its successful launch in the UK last year.

Business • 17 Jan 23

Primark's new store in Bucharest - its first in Romania

Primark opens its first store in Romania

Primark, which trades as Penneys here, has today opened its first store in Romania at ParkLake Shopping Centre in Bucharest.

Business • 15 Dec 22

AB Foods said Primark trading has been 'encouraging' so far this year

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 inflation and dollar strength.

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 luring customers as the country grapples with a cost-of-living crisis.

Business • 25 Nov 22

Penneys' revamped store in Eyre Square in Galway opens today

Penneys opens newly extended €20m store in Galway

Penneys has opened its newly revamped and extended store in Galway city after a €20m investment by the retailer.

Business • 24 Nov 22

Associated British Foods, which owns Primark, has reported a 42% increase in 2021-22 profits

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 the shine off a 42% jump in 2020-21 profit.

Business • 08 Nov 22

Primark said the new store is 76% bigger in size compared to the original site

Primark to reopen flagship Belfast store following fire

Primark will open its newly refurbished five-storey flagship store in Belfast next month, four years after a huge blaze destroyed the building.

Business • 11 Oct 22