Primark

Profit At Primark/Penneys To Drop By Two Thirds, Says AB Foods

Trading in the reopened stores of Primark/Penneys has been encouraging but the prolonged lockdown means the retailer's full-year profit is likely to slump...

Encouraged By Europe, Primark To Reopen England Stores On 15 June

Fashion retailer Primark plans to reopen all 153 of its stores in England on 15 June as coronavirus restrictions are eased, encouraged by Europea...

Penneys Owner Omits Dividend To Save Cash In Coronavirus Crisis

Penneys owner Associated British Foods said it would not pay an interim dividend to save cash and could not provide full year 2019-20 earnings gu...

Penneys Owner Commits To Paying For €424m Of Orders During Coronavirus Crisis

Penneys which trades outside Ireland as Primark has committed to pay suppliers for €424 million (£370 million) of orders, though all its stores...

Penney's Owner AB Foods’ Top Executives Take Voluntary Pay Cut

Associated British Foods has announced that its chief executive officer George Weston and finance director John Bason have opted for a 50% reduct...

Penneys Pays 5,000 Staff 80% Of Salary While Stores Remain Shut

Penneys has said that it will pay its 5,000 retail employees in Ireland 80% of their salaries for the next month, at which stage it will review again....

Penneys Owner Issues Trading Update Due To Covid-19 Closures

Associated British Foods plc has issued an update on trading in its Primark & Penneys stores, further to the update issued on 16 March 2020, as a '...

Penneys Owner Closes 74 Stores In Italy, France, Spain, Austria On Virus Fears

Associated British Foods has been forced to close 74 Primark fashion stores in continental Europe due to government measures to combat coronavirus, while s...