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 sales when they reopened. Business • 20 Apr 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 sales when they reopened. Business • 20 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 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 in the first half of its financial year. Business • 25 Feb 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 in the first half of its financial year. Business • 25 Feb 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
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
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 its previous estimate of £430m. Business • 31 Dec 20
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 its previous estimate of £430m. Business • 31 Dec 20
Paddy Power most talked about brand on Twitter here Paddy Power was the most talked about Irish brand on Twitter, according to new data from Sprout Social, the Chicago-based social media analytics and management company. Business • 08 Dec 20
Paddy Power most talked about brand on Twitter here Paddy Power was the most talked about Irish brand on Twitter, according to new data from Sprout Social, the Chicago-based social media analytics and management company. Business • 08 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
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 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
Primark firms up profit guidance on better trading Associated British Foods today forecast full-year profit for its Primark fashion chain "at least at the top end" of previous guidance after post-coronavirus lockdown trading exceeded its expectations. Business • 07 Sep 20
Primark firms up profit guidance on better trading Associated British Foods today forecast full-year profit for its Primark fashion chain "at least at the top end" of previous guidance after post-coronavirus lockdown trading exceeded its expectations. Business • 07 Sep 20
Primark opens its first store in Poland Primark, which trades as Penneys in Ireland, has opened its first shop in Poland in Warsaw's Galeria Młociny shopping centre. Business • 20 Aug 20
Primark opens its first store in Poland Primark, which trades as Penneys in Ireland, has opened its first shop in Poland in Warsaw's Galeria Młociny shopping centre. Business • 20 Aug 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
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
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
AB Foods says 20% of Primark store space closed Associated British Foods said it has been forced to close 74 Primark fashion stores in continental Europe due to government measures to combat coronavirus, while sales have fallen in those still open. Business • 16 Mar 20
AB Foods says 20% of Primark store space closed Associated British Foods said it has been forced to close 74 Primark fashion stores in continental Europe due to government measures to combat coronavirus, while sales have fallen in those still open. Business • 16 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
Factbox: China's use of prison labour China's prison labour practices are in the spotlight after a six-year-old in Britain found a Christmas card saying it had been packed by foreign prisoners who were victims of forced labour in a Shanghai jail. Business • 24 Dec 19
Factbox: China's use of prison labour China's prison labour practices are in the spotlight after a six-year-old in Britain found a Christmas card saying it had been packed by foreign prisoners who were victims of forced labour in a Shanghai jail. Business • 24 Dec 19
AB Foods forecasts earnings growth in 2019-20 Associated British Foods has today kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. Business • 06 Dec 19
AB Foods forecasts earnings growth in 2019-20 Associated British Foods has today kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. Business • 06 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 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 owner AB Foods' confident outlook boosts shares Associated British Foods has forecast earnings growth in its new financial year, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. Business • 05 Nov 19
Primark owner AB Foods' confident outlook boosts shares Associated British Foods has forecast earnings growth in its new financial year, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. Business • 05 Nov 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
Primark considers Central American suppliers Confident it can crack the $300 billion US clothing and shoes market where many other foreign retailers have failed, Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Business • 23 Sep 19
Primark considers Central American suppliers Confident it can crack the $300 billion US clothing and shoes market where many other foreign retailers have failed, Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Business • 23 Sep 19
