Primark owner’s profits soar as investments provide boost
WEBApr 23, 2024 · Sales at Primark, the FTSE 100’s jewel in the crown, rose 6 per cent to £4.5bn, while adjusted operating profit jumped 45 per cent to £508mn, in spite of continued “cost of living pressures”.
Primark’s Escalating U.S. Expansion, What’s Ahead - WWD
WEBMar 21, 2024 · With virtually no brand recognition in the States, Primark has been converting vacated stores into its own since 2015 with its first U.S. store opening in Boston, which is also where Primark...
Primark says stock woes could persist until 2023 - BBC News
WEBNov 9, 2021 · Discount fashion chain Primark has said it could face disruption from global supply chain issues into 2023, but it assured customers that "we are getting the goods we need". Chief executive...
Primark Sees Sales Strength And Adds Click + Collect - Forbes
WEBApr 25, 2024 · Primark has completed its Click + Collect trial in the U.K., which reflects good basket sizes and strong additional store sales.
Primark well set for Christmas as pricing strategy pays off
WEBNov 7, 2023 · British fashion retailer Primark is heading into Christmas in good shape and with trading momentum after its strategy of passing on only limited price rises kept shoppers on its side.
Primark finally goes online in new click-and-collect trial - BBC
WEBJun 20, 2022 · Primark is to finally sell its clothes online through a new click-and-collect service for children's products. The High Street retailer said 2,000 goods will be offered through a trial which will...
Primark To Invest More Than £100 Million In Its UK Stores In 2024
WEBFeb 8, 2024 · Primark is to invest more than £100 million in its UK stores in 2024, as it marks 50 years on the Great British High Street. The news includes more than £75 million of new investment in UK retail this year, building on plans it …
AB Foods Sees Strong Primark Margin Recovery, Launches Buyback
WEBNov 7, 2023 · AB Foods said it would aim to buy back £500 million in shares over the next year after its fiscal 2023 profits rose, and expected Primark’s margins to be above 10% as costs ease.
Primark resists move online despite pandemic shock - Financial Times
WEBJan 1, 2023 · Primark’s only concession to online selling so far has been a click-and-collect trial of childrenswear from 25 stores in parts of England — around 6 per cent of its total estate. The mini-trial...
Primark refuses to go online despite £1bn lockdown loss - BBC
WEBPrimark says it has no plans to sell its clothes online despite warning that lockdown store closures could cost it more than £1bn in lost sales. Some 305 of Primark's 389 global stores are...