Skip to main content
Women's Wear Daily Beauty Inc
Footwear News Sourcing Journal
SUSTAINABILITY SUMMIT: PROMISES VS. PROGRESS Buy tickets to join us April 25

Associated British Foods

Despite strong holiday sales, Primark parent Associated British Foods said that headwinds remain and could further impact consumer spending.

Primark: Cautious on 2023 Despite ‘Strong Christmas Period’

Primark parent Associated British Foods warned of combined $2 Bn inflation hit this year and next amid an ongoing weak consumer backdrop.

Primark Prices Staying Put for Now

Associated British Foods warns on Primark profit margins for next year, Frasers expected to submit revised bid for Gieves & Hawkes, and U.K. Prime Minister Liz Truss freezes energy costs.

UK Retail: Primark Warns on Profit; Fraser Eyes Tailor to Royal Court

Despite the healthy sales performance, Primark still plans to raise prices for autumn/winter goods to manage against inflation.

Primark Sales Up 59% Ahead of Raising Prices

CEO George Weston said Primark's proposition of providing customers with a wide range of products at great prices is highly sustainable.

Primark Scores With ‘Snuddies’

Q4 sales saw strength in leisure wear, while back-to-school offerings "started strongly," Primark parent Associated British Foods said.

Primark Q3 Sales Up 3%

Primark could lose nearly $1 billion in second-half sales as Eurozone stores have delayed reopening or operate with restrictions.

Primark Sees Strong Reopening Traffic But Europe Headwinds Loom

Primark owner reports a 12% decline in group revenue for 2020, and talks caution ahead due to another round of Covid-19 lockdowns.

Primark Owner Reports 12% Revenue Drop

Primark Oxford Street

Weak Pound Will Impact Primark’s UK Margins Next Year; US Expansion Continues

Copyright © 2023 Penske Business Media, LLC. All Rights reserved.

Powered by WordPress.com VIP
ad