Associated British Foods

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Coronavirus could risk supply shortages at Primark Beth Wright | 24 Feb 20

The owner of value fashion retailer Primark has warned that prolonged delays to factory production in China increase the risk of supply shortages on some lines later in its financial year.

Store growth continues to drive Primark sales Beth Wright | 16 Jan 20

Value fashion giant Primark has again credited the continued expansion of its store portfolio both at home and abroad for a rise in first-quarter sales but cited a "marginal" decline in UK like-for-like sales during the period.

Low-price focus drives profitable 50th year for Primark Beth Wright | 5 Nov 19

Value fashion giant Primark has marked its 50th year of trading with better buying and favourable exchange rates helping to deliver an 8% increase in profit.

Primark mulls Central America suppliers in US foray Hannah Abdulla | 24 Sep 19

Value fashion retailer Primark has confirmed plans it is planning to grow its presence in the US and that it will look at closer locations to source from for the US market.

Store growth helps drive Primark FY sales rise Beth Wright | 9 Sep 19

Full-year sales at Primark are expected to rise 4%, helped by increased selling space, but the value fashion retailer has also warned it expects a reduced margin next year.

Store growth boosts Primark sales Beth Wright | 4 Jul 19

The expansion of its store portfolio both at home and abroad has helped UK value clothing retailer Primark to higher sales in the first ten months of the year.

Investors press brands for more workforce transparency Beth Wright | 3 Jul 19

A coalition of more than 120 institutional investors with combined assets of more than US$14 trillion is renewing its demand for companies across the world to come forward with better data on their staff and supply chain workers, with the aim improving the quality of jobs globally. 

Primark delivers 25% jump in interim profit Beth Wright | 24 Apr 19

Value fashion retailer Primark has booked a 25% jump in first-half operating profit thanks to the addition of new selling space and improved margins, which were driven not only by favourable exchange rates but also by better buying.

Increased selling space boosts Primark H1 sales Beth Wright | 25 Feb 19

Value fashion retailer Primark has sounded an optimistic note for the first half of the financial year as a 0.3m sq ft increase in selling space is expected to drive revenue in the period.

Primark Q1 sales jump as Christmas surpasses expectations Beth Wright | 17 Jan 19

Increased retail selling space and better than expected sales over the Christmas trading period helped drive a 4% sales rise at Primark in the first quarter, with the value fashion retailer significantly increasing its share of the total UK clothing market in the period.

UK expected to drive Primark FY sales rise Beth Wright | 10 Sep 18

Primark's full-year sales are expected to rise 5.5% on last year, as a strong profit performance from the value fashion retailer helps parent company Associated British Foods Plc (ABF) maintain its full-year guidance. 

Warm weather knocks Primark H1 sales Beth Wright | 26 Feb 18

Unseasonably warm weather last autumn is expected to have taken its toll on like-for-like sales at Primark in the first half of the financial year, but the value fashion retailer remains optimistic of a jump in profit growth for the second half.

Why Primark is working to do "the right thing" – Interview Michelle Russell | 31 Oct 17

Unlike many other major apparel firms, value fashion chain Primark chooses not to openly set targets for its sustainability and ethical commitments, but instead "just get on and do it," as Katharine Stewart, Primark's director of ethical trade, tells just-style. Yet in recent years the retailer has started to open up about its work to engage more closely with its supply chain: in particular, turning its focus to ensuring all the cotton in its products is sourced sustainably.

Primark FY sales tipped for double-digit rise Beth Wright | 11 Sep 17

Primark full-year sales are expected to rise 13% on last year, as the value fashion retailer has helped to boost parent company Associated British Foods Plc (ABF) full year outlook.

Primark H1 trading boosted by expansion Michelle Russell | 19 Apr 17

Value clothing retailer Primark has increased earnings in its first-half thanks to higher sales, particularly in the UK, and a "substantial" increase in selling space.

Primark Q1 sales climb on network expansion Michelle Russell | 12 Jan 17

Primark saw sales climb in its first-quarter thanks to increased selling space, but the value fashion giant warned of falling margins as a result of impending inflationary pressures.

Primark says no plans to hike clothing prices Michelle Russell | 9 Nov 16

Value fashion giant Primark says it has no plans to increase prices next year as the industry considers the potential impact of inflation, the falling value of sterling, and a "hard Brexit" on business and the consumer.

Currency and costs weigh on mixed H1 for Primark Katie Smith | 19 Apr 16

A drop in first-half profit at UK value fashion retailer Primark reflects its investment to expand into the US as well as an increasingly bearish environment for clothing retailers. 

Primark performs well in H1 as sales grow Michelle Russell | 23 Feb 15

Primark was the key growth driver for Associated British Foods (ABF) in the first half, as sales at the value fashion giant grew and retail selling space increased.

Primark latest to blame weather for sales Michelle Russell | 8 Dec 14

Value fashion retailer Primark has achieved like-for-like sales below the expectations of its parent company, as unusually warmer weather hurt revenues.

Primark inks US lease deal with Sears Holdings Katie Smith | 20 Oct 14

UK value fashion retailer Primark has inked a deal with Sears Holdings which will see it lease space in seven stores in the US, a move that could be a sign of things to come.

UK: Primark makes appointment to push US assault Michelle Russell | 22 May 14

UK value fashion retailer Primark has appointed Jose Luis Martinez de Larramendi to lead its expansion into the US market.

UK: Analysts have high hopes for Primark's US launch Katie Smith | 24 Apr 14

The news that Primark will open its first store in the US next year has been well received by analysts, with one saying it will significantly increase the UK value fashion chain's long-term growth potential.

UK: Primark hails "excellent" H1 performance Katie Smith | 23 Apr 14

UK value fashion retailer Primark has hailed what it described as an "excellent performance by any standard" during the first half, after booking a 26% hike in profit.

UK: Primark set for "excellent" H1 performance Katie Smith | 24 Feb 14

Associated British Foods (ABF) saw its share price fall this morning (24 February) on lower sales in its sugar business, but hailed an "excellent" performance from its Primark value fashion chain in the first half.

UK: Primark plots expansion after Q1 sales hike Richard Woodard | 16 Jan 14

Value clothing retailer Primark is planning to expand its store base further after recording sales up 14% in its first quarter.

UK: Primark to expand selling space by one million sq ft Michelle Russell | 9 Dec 13

The owner of UK value apparel chain Primark has revealed plans to add over one million square feet of selling space in its new financial year.

UPDATE: UK: European expansion remains key focus for Primark Katie Smith | 5 Nov 13

Expansion in Europe, particularly the western region, will continue to be a key priority for value fashion retailer Primark in the next few years, the company told just-style today (5 November).

UK: Primark posts FY profit hike in "outstanding" year Katie Smith | 5 Nov 13

UK value apparel chain Primark has hailed a 44% hike in full-year profit, bolstered by ongoing store expansion, particularly in Europe, during what it described as an "outstanding" year.

UK: Primark second half sales "ahead of expectations" Petah Marian | 9 Sep 13

Primark owner Associated British Foods (ABF) said second half profits are set to be ahead of expectations after the value fashion retailer delivered a strong finish to the year.



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