AB Foods warns of Primark sales dip as Europe drags Penneys/Primark's owner Associated British Foods warned that underlying sales at the budget fashion chain will decline in its second half, as improving UK trading is outweighed by weaker demand in continental Europe, sending its shares sharply lower. Business • 10 Sep
AB Foods warns of Primark sales dip as Europe drags Penneys/Primark's owner Associated British Foods warned that underlying sales at the budget fashion chain will decline in its second half, as improving UK trading is outweighed by weaker demand in continental Europe, sending its shares sharply lower. Business • 10 Sep
Penneys records profits of more than €2m a day The firm which operates the Penneys' chain of outlets here last year recorded daily average pre-tax profits of more than €2m. Business • 18 Jul
Penneys records profits of more than €2m a day The firm which operates the Penneys' chain of outlets here last year recorded daily average pre-tax profits of more than €2m. Business • 18 Jul
Around 100 jobs to be cut at Primark HQ in Dublin Primark, the parent company of Penneys, is planning to cut around 150 jobs in Ireland, the UK and the US. Business • 25 Jun
Around 100 jobs to be cut at Primark HQ in Dublin Primark, the parent company of Penneys, is planning to cut around 150 jobs in Ireland, the UK and the US. Business • 25 Jun
Penneys O'Connell Street store gets €5m makeover Penneys has completed a €5m refurbishment of its landmark O'Connell Street store in Dublin city centre. Business • 12 Jun
Penneys O'Connell Street store gets €5m makeover Penneys has completed a €5m refurbishment of its landmark O'Connell Street store in Dublin city centre. Business • 12 Jun
Primark set to open first stores in the Middle East Primark has confirmed plans to open its first stores in the Middle East in partnership with leading international retail franchise operator Alshaya Group. Business • 08 May
Primark set to open first stores in the Middle East Primark has confirmed plans to open its first stores in the Middle East in partnership with leading international retail franchise operator Alshaya Group. Business • 08 May
AB Foods keeps annual guidance for Primark/Penneys unit Penneys/Primark owner Associated British Foods has reported a 10% fall in first-half profit, reflecting a weak performance from its sugar business which also saw its full-year outlook slashed, sending the group's shares down 8%. Business • 29 Apr
AB Foods keeps annual guidance for Primark/Penneys unit Penneys/Primark owner Associated British Foods has reported a 10% fall in first-half profit, reflecting a weak performance from its sugar business which also saw its full-year outlook slashed, sending the group's shares down 8%. Business • 29 Apr
Primark boss Marchant resigns after 'error of judgement' The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an "error of judgment" during an interaction with a woman in a social situation late last year. Business • 31 Mar
Primark boss Marchant resigns after 'error of judgement' The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an "error of judgment" during an interaction with a woman in a social situation late last year. Business • 31 Mar
New Penney's store proposed for Ennis, Co Clare The operator of Penneys has stated that its planned new 'flagship' waterfront outlet for Ennis will generate estimated revenues of €14.26m per annum. Business • 31 Mar
New Penney's store proposed for Ennis, Co Clare The operator of Penneys has stated that its planned new 'flagship' waterfront outlet for Ennis will generate estimated revenues of €14.26m per annum. Business • 31 Mar
Primark to lodge plans for new Penneys store in Ennis The company behind the Penneys retail brand is to lodge plans for a new outlet close to Ennis town centre in the coming days. Business • 25 Mar
Primark to lodge plans for new Penneys store in Ennis The company behind the Penneys retail brand is to lodge plans for a new outlet close to Ennis town centre in the coming days. Business • 25 Mar
Primark opens first-ever standalone Home store in Belfast Penneys, which operates as Primark outside of the Republic of Ireland, has today opened its first-ever standalone Primark Home store, located on Donegall Place in Belfast. Business • 06 Mar
Primark opens first-ever standalone Home store in Belfast Penneys, which operates as Primark outside of the Republic of Ireland, has today opened its first-ever standalone Primark Home store, located on Donegall Place in Belfast. Business • 06 Mar
Penneys/Primark cuts sales outlook after weak Christmas Associated British Foods has downgraded the annual sales guidance for its Penneys/Primark budget clothing business after disappointing results in the Christmas quarter in its main UK and Ireland market. Business • 23 Jan
Penneys/Primark cuts sales outlook after weak Christmas Associated British Foods has downgraded the annual sales guidance for its Penneys/Primark budget clothing business after disappointing results in the Christmas quarter in its main UK and Ireland market. Business • 23 Jan
Primark to open 3 new stores in Poland in €25m investment Primark, which operates as Penneys in Ireland, has announced an investment of over €25m to support its expansion plans in Poland. Business • 13 Jan
Primark to open 3 new stores in Poland in €25m investment Primark, which operates as Penneys in Ireland, has announced an investment of over €25m to support its expansion plans in Poland. Business • 13 Jan
Primark/Penneys continues to tackle textile waste 66% of clothes sold in Primark/Penneys were made from recycled or more sustainably sourced materials over the last 12 months, according to the retailer's third annual Sustainability and Ethics Progress Report. Business • 25 Nov 24
Primark/Penneys continues to tackle textile waste 66% of clothes sold in Primark/Penneys were made from recycled or more sustainably sourced materials over the last 12 months, according to the retailer's third annual Sustainability and Ethics Progress Report. Business • 25 Nov 24
Penneys owner AB Foods profit jumps by 32% Associated British Foods said it was poised for further growth as it reported a 32% rise in full-year profit, driven by robust performances from its Primark/Penneys clothing business and grocery division. Business • 05 Nov 24
Penneys owner AB Foods profit jumps by 32% Associated British Foods said it was poised for further growth as it reported a 32% rise in full-year profit, driven by robust performances from its Primark/Penneys clothing business and grocery division. Business • 05 Nov 24
Penneys invests €4m in refurbished Cork store Retailer Penneys has completed a €4m renovation of its Wilton Shopping Centre store in Cork, which forms part of its €250m commitment to its Irish stores. Business • 18 Sep 24
Penneys invests €4m in refurbished Cork store Retailer Penneys has completed a €4m renovation of its Wilton Shopping Centre store in Cork, which forms part of its €250m commitment to its Irish stores. Business • 18 Sep 24
Wet weather hit Primark's summer sales - owner AB Foods Wet weather hit fashion business Primark's summer sales, but better performance elsewhere kept operating profits steady, its owner Associated British Foods said today. Business • 05 Sep 24
Wet weather hit Primark's summer sales - owner AB Foods Wet weather hit fashion business Primark's summer sales, but better performance elsewhere kept operating profits steady, its owner Associated British Foods said today. Business • 05 Sep 24
Primark opens new store in Orlando - its 450th outlet Primark, which trades as Penneys here, has opened the doors to its 450th store - which is located in Orlando, Florida in the US. Business • 30 Aug 24
Primark opens new store in Orlando - its 450th outlet Primark, which trades as Penneys here, has opened the doors to its 450th store - which is located in Orlando, Florida in the US. Business • 30 Aug 24
New Penneys store in Bray creates 100 jobs The new Penneys store in Bray in Co Wicklow was officially opened today after an investment worth over €4m by the retailer. Business • 18 Jul 24
New Penneys store in Bray creates 100 jobs The new Penneys store in Bray in Co Wicklow was officially opened today after an investment worth over €4m by the retailer. Business • 18 Jul 24
Penneys to open its first shop in Wicklow in July Penneys will officially open its new store in Bray in Co Wicklow on Thursday, July 18. The store is the company's first in Co Wicklow. Business • 28 Jun 24
Penneys to open its first shop in Wicklow in July Penneys will officially open its new store in Bray in Co Wicklow on Thursday, July 18. The store is the company's first in Co Wicklow. Business • 28 Jun 24
Primark to open four new stores in Portugal Retailer Primark, which trades as Penneys here, is to invest over €40m in its stores in Portugal. Business • 20 Jun 24
Primark to open four new stores in Portugal Retailer Primark, which trades as Penneys here, is to invest over €40m in its stores in Portugal. Business • 20 Jun 24
Primark opens its first store in Hungary amid expansion Fashion retailer Primark has today opened its first store in Hungary - its 17th international market. Business • 28 May 24
Primark opens its first store in Hungary amid expansion Fashion retailer Primark has today opened its first store in Hungary - its 17th international market. Business • 28 May 24
AB Foods to do more to explain merits of food business Primark-Penneys owner Associated British Foods has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food businesses and must do better, its chief executive told Reuters. Business • 07 May 24
AB Foods to do more to explain merits of food business Primark-Penneys owner Associated British Foods has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food businesses and must do better, its chief executive told Reuters. Business • 07 May 24
Next keeps profit guidance after first-quarter sales rise Clothing retailer Next has today kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance. Business • 01 May 24
Next keeps profit guidance after first-quarter sales rise Clothing retailer Next has today kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance. Business • 01 May 24
Penneys owner eyes significant growth in full-year profit Associated British Foods has today forecast "significant growth" in full-year profit after reporting a 39% jump in the first half driven by margin recovery in both its Primark/Penneys fashion retail business and its food operations. Business • 23 Apr 24
Penneys owner eyes significant growth in full-year profit Associated British Foods has today forecast "significant growth" in full-year profit after reporting a 39% jump in the first half driven by margin recovery in both its Primark/Penneys fashion retail business and its food operations. Business • 23 Apr 24
Primark invests £100m in UK, opens new Florida centre Primark plans to invest more than £100m in its UK stores this year, as it marks 50 years in the UK, while it also today announced the opening of a new distribution centre in Jacksonville in Florida as it continues its expansion across the US. Business • 08 Feb 24
Primark invests £100m in UK, opens new Florida centre Primark plans to invest more than £100m in its UK stores this year, as it marks 50 years in the UK, while it also today announced the opening of a new distribution centre in Jacksonville in Florida as it continues its expansion across the US. Business • 08 Feb 24
