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Primark Owner ABF Pleased With US Performance

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Associated British Foods (ABF), owner of cheap-as-chips clothing and accessories chain Primark, delivered a mixed bag of results for the first half of the fiscal year on Tuesday.

ABF, which also has a grocery division, said like-for-like sales at its Primark and Penneys retail chains slipped 1 percent in the six months ended Feb. 27, compared with the same period a year ago. The company blamed this on unseasonably warm weather across northern Europe in the weeks leading up to and over Christmas.

View more at Sourcing Journal.