Penneys-owner warns of £1.5 billion sales hit Primark-owner Associated British Foods warned that the loss of sales from store closures could rise to over £1.5 billion if current lockdowns last until the end of March. Business • 14 Jan 21
Penneys-owner warns of £1.5 billion sales hit Primark-owner Associated British Foods warned that the loss of sales from store closures could rise to over £1.5 billion if current lockdowns last until the end of March. Business • 14 Jan 21
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, up from a previous forecast of £375m. Business • 04 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, up from a previous forecast of £375m. Business • 04 Dec 20
Penneys to open two stores for 24 hours next week Penneys is to keep two of its stores open for one 24-hour period next week following their reopening. Business • 28 Nov 20
Penneys to open two stores for 24 hours next week Penneys is to keep two of its stores open for one 24-hour period next week following their reopening. Business • 28 Nov 20
Penney's would welcome longer opening hours in December Penney's has said it would welcome any extension to its store opening hours when it reopens once Level 5 restrictions are lifted in December. Business • 06 Nov 20
Penney's would welcome longer opening hours in December Penney's has said it would welcome any extension to its store opening hours when it reopens once Level 5 restrictions are lifted in December. Business • 06 Nov 20
Primark says won't venture online despite COVID hit Associated British Foods has today reported a 40% fall in full-year earnings, with a Covid-19 related hit to profit at its Primark clothing business outweighing increases at its sugar, grocery, agriculture and ingredients divisions. Business • 03 Nov 20
Primark says won't venture online despite COVID hit Associated British Foods has today reported a 40% fall in full-year earnings, with a Covid-19 related hit to profit at its Primark clothing business outweighing increases at its sugar, grocery, agriculture and ingredients divisions. Business • 03 Nov 20
Primark-owner sees £375m loss of sales from lockdowns Associated British Foods has estimated the temporary closure of its Primark clothing stores in European markets due to new Covid-19 restrictions will cost it £375m in lost sales. Business • 02 Nov 20
Primark-owner sees £375m loss of sales from lockdowns Associated British Foods has estimated the temporary closure of its Primark clothing stores in European markets due to new Covid-19 restrictions will cost it £375m in lost sales. Business • 02 Nov 20
Profits at Primark to drop by two thirds, owner says Associated British Foods said today that trading in its Primark fashion stores that have reopened after coronavirus lockdown has been "reassuring and encouraging". Business • 02 Jul 20
Profits at Primark to drop by two thirds, owner says Associated British Foods said today that trading in its Primark fashion stores that have reopened after coronavirus lockdown has been "reassuring and encouraging". Business • 02 Jul 20
'Heaven on earth': Shoppers thrilled as Penneys reopens Crowds of excited shoppers gathered outside Penneys stores today, as the retailer reopened its doors to the public after nearly three months closed due to Covid-19 restrictions. Business • 12 Jun 20
'Heaven on earth': Shoppers thrilled as Penneys reopens Crowds of excited shoppers gathered outside Penneys stores today, as the retailer reopened its doors to the public after nearly three months closed due to Covid-19 restrictions. Business • 12 Jun 20
Penneys ready to reopen but will limit numbers inside Penneys is to reopen 16 of its stores here tomorrow morning, but the number of customers allowed inside at any one time will be limited to ensure adequate social distancing. Business • 11 Jun 20
Penneys ready to reopen but will limit numbers inside Penneys is to reopen 16 of its stores here tomorrow morning, but the number of customers allowed inside at any one time will be limited to ensure adequate social distancing. Business • 11 Jun 20
Primark owner can't give guidance due to virus crisis Primark owner Associated British Foods said today it would not pay an interim dividend and could not provide earnings guidance for the remainder of its 2019-20 year because of uncertainty caused by the coronavirus crisis. Business • 21 Apr 20
Primark owner can't give guidance due to virus crisis Primark owner Associated British Foods said today it would not pay an interim dividend and could not provide earnings guidance for the remainder of its 2019-20 year because of uncertainty caused by the coronavirus crisis. Business • 21 Apr 20
Primark commits to paying for £370m of orders Fashion retailer Primark has committed to pay suppliers for £370m of orders, even though all its stores are closed due to the coronavirus pandemic. Business • 20 Apr 20
Primark commits to paying for £370m of orders Fashion retailer Primark has committed to pay suppliers for £370m of orders, even though all its stores are closed due to the coronavirus pandemic. Business • 20 Apr 20
Penneys overtakes Guinness as most valuable Irish brand Penneys has become Ireland's most valuable brand for the first time, after recording a 9% rise in brand value to €2.4 billion last year. Business • 07 Apr 20
Penneys overtakes Guinness as most valuable Irish brand Penneys has become Ireland's most valuable brand for the first time, after recording a 9% rise in brand value to €2.4 billion last year. Business • 07 Apr 20
Primark closes all stores, stops orders with suppliers Primark is closing all of its stores, a loss of roughly £650m worth of net sales a month, and will stop placing new orders with suppliers, its parent company said today as the coronavirus outbreak deepens. Business • 23 Mar 20
Primark closes all stores, stops orders with suppliers Primark is closing all of its stores, a loss of roughly £650m worth of net sales a month, and will stop placing new orders with suppliers, its parent company said today as the coronavirus outbreak deepens. Business • 23 Mar 20
Staff at Primark's Dublin HQ asked to work remotely Primark, which trades as Penneys here, has asked the majority of its employees in its Dublin headquarters and Reading office in the UK to work from home tomorrow. Business • 05 Mar 20
Staff at Primark's Dublin HQ asked to work remotely Primark, which trades as Penneys here, has asked the majority of its employees in its Dublin headquarters and Reading office in the UK to work from home tomorrow. Business • 05 Mar 20
Primark owner warns coronavirus threatens supplies The owner of Primark, which trades as Penneys here, has warned of a risk of shortages of some clothing lines later this year if delays in factory production in China are prolonged because of the coronavirus. Business • 24 Feb 20
Primark owner warns coronavirus threatens supplies The owner of Primark, which trades as Penneys here, has warned of a risk of shortages of some clothing lines later this year if delays in factory production in China are prolonged because of the coronavirus. Business • 24 Feb 20
Penneys' parent keeps guidance after solid Christmas Associated British Foods has kept its full year earnings outlook, partly due to solid revenue growth at its Primark fashion chain in the key Christmas trading period. Business • 16 Jan 20
Penneys' parent keeps guidance after solid Christmas Associated British Foods has kept its full year earnings outlook, partly due to solid revenue growth at its Primark fashion chain in the key Christmas trading period. Business • 16 Jan 20
Primark continues expansion with new Slovakia store Primark, which trades as Penneys here, has confirmed it will enter its 15th market, Slovakia, after it signed a lease to open a store in Bratislava. Business • 05 Dec 19
Primark continues expansion with new Slovakia store Primark, which trades as Penneys here, has confirmed it will enter its 15th market, Slovakia, after it signed a lease to open a store in Bratislava. Business • 05 Dec 19
Primark warns against buying its goods from 3rd parties Retailer Penneys, which trades as Primark overseas, is warning consumers not to buy its goods from third parties online as they will end up paying more than in store. Business • 16 Oct 19
Primark warns against buying its goods from 3rd parties Retailer Penneys, which trades as Primark overseas, is warning consumers not to buy its goods from third parties online as they will end up paying more than in store. Business • 16 Oct 19
Where will fashion retailers find success? Have you ever bought a dress in Karen Millen or Coast for a wedding? The stores were a popular destination to buy a new gúna ahead of a special occasion, so it came as a surprise to lots of fans of the fashion brands when the Irish stores entered provisional liquidation last week. Business • 12 Aug 19
Where will fashion retailers find success? Have you ever bought a dress in Karen Millen or Coast for a wedding? The stores were a popular destination to buy a new gúna ahead of a special occasion, so it came as a surprise to lots of fans of the fashion brands when the Irish stores entered provisional liquidation last week. Business • 12 Aug 19
Penneys staff form guard of honour for founder Ryan The funeral procession of Penneys founder Arthur Ryan has taken place, with the cortege passing by the clothing chain's first store in Dublin city centre. Ireland • 13 Jul 19
Penneys staff form guard of honour for founder Ryan The funeral procession of Penneys founder Arthur Ryan has taken place, with the cortege passing by the clothing chain's first store in Dublin city centre. Ireland • 13 Jul 19
Penneys founder Arthur Ryan dies aged 83 The founder of Irish clothing chain Penneys, Arthur Ryan, has died at the age of 83 after a short illness. Business • 08 Jul 19
Penneys founder Arthur Ryan dies aged 83 The founder of Irish clothing chain Penneys, Arthur Ryan, has died at the age of 83 after a short illness. Business • 08 Jul 19
Penneys marking 50 years of business Retailer Penneys is marking 50 years of business today. Business • 01 Jul 19
Penneys marking 50 years of business Retailer Penneys is marking 50 years of business today. Business • 01 Jul 19
Primark to move 220 positions from UK to Dublin Primark, the owner of the Penneys chain, is to transfer 220 roles to Dublin from its UK office in Reading by September. Business • 07 Mar 19
Primark to move 220 positions from UK to Dublin Primark, the owner of the Penneys chain, is to transfer 220 roles to Dublin from its UK office in Reading by September. Business • 07 Mar 19
AB Foods says Primark trading 'challenging' in November Associated British Foods blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales at its Primark fashion chain in November, sending its shares lower. Business • 07 Dec 18
AB Foods says Primark trading 'challenging' in November Associated British Foods blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales at its Primark fashion chain in November, sending its shares lower. Business • 07 Dec 18
Primark-owner AB Foods' H1 profit held back by sugar Associated British Foods said profit margins at its Primark business are set to benefit from the recent weakness of the US dollar versus the pound. Business • 26 Feb 18
Primark-owner AB Foods' H1 profit held back by sugar Associated British Foods said profit margins at its Primark business are set to benefit from the recent weakness of the US dollar versus the pound. Business • 26 Feb 18
