UK: Primark posts "outstanding" first half
The company expects its first half results to be ahead of expectations, with Primark sales expected to be 23% ahead of the same period last year.
ABF attributed the growth to very strong like-for-like sales, combined with a substantial increase in selling space and superior sales densities.
It said like-for-like sales growth of 7% benefited from comparison with weak sales during the unseasonably warm autumn in 2011 and good trading over the Christmas period.
Operating profit also improved on lower cotton prices and better trading.
In the past few months, some of the world's most powerful institutions have criticised how the apparel industry operates. And while businesses are getting advice from many different directions, Mike F...
More than 220 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people in ...
Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between the...
Retailers involved in the recent Bangladesh apparel factory tragedies are being called on to attend meetings to discuss compensation for victims. ...
Low-cost apparel retailer Primark posted a 20% sales rise in the third quarter, despite continued cold weather in March and April....
Clothing retailers met with UK government representatives yesterday (3 July) to discuss ways to improve their supply chains following the collapse of the Rana Plaza apparel factory building in Banglad...
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- Unravelling cotton's supply and demand challenges
- EU trade ministers push on TTIP and Canada pacts
- What does the future hold for world wool supply?
- US retailers urge action on Hanjin Shipping crisis
- Zara launches eco-friendly Join Life collection
- Brexit may hit suppliers with UK duty-free access
- Adidas unveils first Speedfactory running shoe
- Bangladesh calls for US duty-free apparel access
- Too Many Standards
- Apparel (GLOBAL) - Industry Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Ralph Lauren Corporation : Retailing - Company Profile, SWOT & Financial Analysis
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras