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 … Business • 12 Sep
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 … Business • 06 Sep
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
H&M probes Myanmar factory abuses as pressure grows H&M told Reuters it is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world's second-largest fashion retailer. Business • 16 Aug
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 … Business • 26 Jul
Global retailers cash in on Barbie movie craze Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on the Barbie film release today, reigniting the … Business • 21 Jul
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 • 26 Jun
Primark opens its first store in Slovakia Primark has opened its first store in Slovakia today in the Eurovea Shopping Centre in Bratislava. Business • 25 May
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
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 … Business • 25 Apr
Fashion retailers tackle sustainability at conference Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models … Business • 24 Apr
Primark's UK workers to get 12% pay rise Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said today. Business • 30 Mar
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
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
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
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
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
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 €100m in Spain, to hire 1,000 staff British fashion retailer Primark has said it plans to invest €100 million to open new stores and refurbish existing ones in Spain, its second largest … Business • 30 Nov 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
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
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 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
Penneys opens new store in Tallaght, Dublin The new €10m Penneys store at The Square Shopping Centre in Tallaght in Co Dublin is opening today. Business • 15 Sep 22
