Penneys owner AB Foods slumps amid weak earnings
Like-for-like sales at Penneys and Primark fell by 6%, worse than competitors, meaning it lost market share
Associated British Foods
Irish man given nod to head up Penneys was cutting his teeth in business at 21
The 52-year-old, who was previously CFO at Greencore, chosen by ABF to take up top job on interim basis following resignation
Penneys will top up statutory maternity pay as part of new range of benefits
Supports for employees ‘across a range of parenting journeys’, including surrogacy, available for the first time
Penneys stores contribute to €1m-a-day profits last year for fashion retailer Primark
Retailer had 37 stores in Ireland during the financial year, although it opened a 38th store in Bray, Co Wicklow, in recent weeks
Wall Street recovery drives rise in global shares ahead of earnings reports
Euronext Dublin up just over 1% at close of business on ‘strong day’ for the market, traders say
Penneys and Primark owner AB Foods expects ‘significant growth’ in full-year profit
Recovery in margins at clothing chain fuels 39% jump in profit in first half of the year
Primark owner to invest over €117m in its UK clothing stores this year
Plans detailed by Penneys owner Associated British Foods include new store openings and extensions
Primark’s sales growth slows in Christmas quarter
No significant disruption to supply chain from Red Sea situation expected for now
European shares recoup losses but JD Sports shares plunge after profit warning
Ryanair arrests its slide with airline gaining 0.4% on Dublin listing
Primark drives strong sales at AB Foods as shoppers shrug off price hikes
The chain implemented ‘selective price increases’ for shoppers over the past year after reporting a spike in costs
Penneys owner raises profit outlook after rise in sales
Associated British Foods enjoys boost as shoppers buy more seasonal clothing and health and beauty products
Penneys owner under pressure from inflation and weak sterling
Fast fashion’s firm margins shrank 8.3% in first half of its financial year
Penneys owner Associated British Foods raises full year outlook
Resilient consumer demand for its budget fashion offering means Primark group now expects substantially higher sales
Primark to open 10 shops before Christmas amid ‘encouraging’ sales
Low cost high street retailer says cost volatility had ‘diminished’ since its previous update a month ago
Penneys add up for ABF’s gem in the Irish market
First time release of the company’s full accounts in Ireland shows it is a cash cow
Airlines take a hit over worries on inflation and oil prices
Twitter and Tesla lose ground as US tech sector stumbles
Penneys and Primark to raise prices as cost pressures mount
Retailer plans price increases for autumn-winter stock in delicate balancing act
European stocks clip losses as Russia and Ukraine hold talks
Euro zone banks brace for impact of further sanctions; Iseq ends session 0.73% higher
Primark trading picks up but remains below pre-pandemic level
Retailer, which trades as Penneys in Irish market, expects 60% rise in sales
Travel stocks lead European shares higher as airlines soar
Ryanair advances as oil stocks come off near two-year high
Primark to cut 400 managerial jobs across UK stores
Owner AB Foods says sales were up at retail chain despite Omicron denting footfall
Gardaí confirm Provisional IRA killed garda and soldier during Don Tidey kidnap
Patrick Kelly’s family call for end to ‘orchestrated nationwide campaign of misinformation’
Thai conglomerate in advanced talks to buy Brown Thomas and Arnotts
Stores are part of Selfridges portfolio of high-end retail outlets in €4.7bn deal
Discount retailer Primark plans aggressive US expansion
Company intends to grow its number of stores from 13 to 60 over the next five years
Fast fashion masters such as Primark fail to admit that climate conflicts are coming
Making sustainable clothing will mean either price increases or reduced profits
Primark promises to make clothes that last longer and are more recyclable
Parent’s share price drops as it says costs may increase but prices won’t
Iseq finishes up almost 1% as European indices snap four-day losing streak
Oil stocks up as US government tells majors it will buy their reserves
Penneys sales hit by Covid-19 restrictions in fourth quarter
Profits to beat expectations at Primark owner Associated British Foods
House builders shine on Iseq as wider European stocks advance
Overall gains capped by ongoing concerns over the Delta variant of coronavirus
Penneys owner raises full-year outlook after sales top expectations
Associated British Foods indicate sales advance over 200% year-on-year to €1.87bn
Primark opens first Czech Republic store as it eyes further expansion
Retailer plans more stores in Central and Eastern Europe
Brown Thomas and Arnotts may sell in £4bn Selfridges deal – report
Weston family appoint Credit Suisse to advise after unsolicited offer for group
Penneys owner to repay Covid supports received from State
Retailer has 36 stores waiting to reopen in the Republic and another 11 in the North
Galen Weston, owner of Brown Thomas and Arnotts, has died
Canadian’s transatlantic empire included majority stake in company behind Penneys
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