Posts filtered by tags: Primark[x]
Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million - but the deal won't save the chain's 118 storesJanuary 25, 2021 at 6:12 AM A person wearing PPE (personal protective equipment) of a face mask as a precautionary measure against COVID-19 walks past a Debenhams department store, boarded up and closed-down due to the novel coronavirus, on Oxford Street in central London on April 27, 2020.
TOLGA AKMEN via Getty
Boohoo has bought Debenhams' brand and website for £55 million ($75 million).
Debenhams' 118 stores will still close, which leaves 12,000 jobs at risk.
The purchase will allow Boohoo to enter new markets whil...Tags: Europe, Topshop, UK, London, Trends, Debenhams, Oxford Street, Group, Primark, Asos, Boohoo, Arcadia Group, Mark Tritton, FRP Advisory, Grace Dean, John Lyttle 75 people like this. Like Tesco record Christmas; Primark warns of £1bn sales loss - Daily BusinessJanuary 15, 2021 at 1:22 AM Tesco record Christmas; Primark warns of £1bn sales loss Daily BusinessTags: Shopping, Tesco, Primark 3 people like this. Like Tesco, Sainsbury's, Ask Italian, Primark and Asda announce urgent product recalls - Nottinghamshire LiveJanuary 14, 2021 at 8:38 AM Tesco, Sainsbury's, Ask Italian, Primark and Asda announce urgent product recalls Nottinghamshire LiveTags: Shopping, Asda, Primark, Tesco Sainsbury 25 people like this. Like Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billionJanuary 14, 2021 at 6:19 AM David Cliff/NurPhoto via Getty Images
British fashion giant Primark's sales were down 30% year-on-year in the quarter, its parent company said.
More than 75% of its stores are currently closed.
Primark's total loss from store closures could reach £1.05 billion ($1.43 billion), it said.
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Store closures could cost British fast-fashion giant Primark £1.05 billion ($1.43 billion) in lost sales, parent company Associated British Foods (AB Food...Tags: Topshop, Fashion, UK, England, US, Trends, Austria, Fast Fashion, Retail, Debenhams, Boris Johnson, UK retail sales, Primark, Germany Ireland, AB Foods, Lockdown 102 people like this. Like Primark refuses to go online despite £1bn lockdown lossJanuary 14, 2021 at 7:15 AM Retailer urged to start selling fashion online as it warns of huge losses from shop closures.Tags: News, Primark 8 people like this. Like LONDON MARKET PRE-OPEN: Tesco Has Strong Christmas But Primark Suffers - MorningstarJanuary 14, 2021 at 2:55 AM LONDON MARKET PRE-OPEN: Tesco Has Strong Christmas But Primark Suffers MorningstaTags: London, Shopping, Tesco, Primark, Primark Suffers Morningstar 9 people like this. Like Tesco record Christmas; Primark warns of £1bn loss of sales - Daily BusinessJanuary 14, 2021 at 2:47 AM Tesco record Christmas; Primark warns of £1bn loss of sales Daily BusinessTags: Shopping, Tesco, Primark 45 people like this. Like Primark Vs Boohoo Becomes Case Study About Need for Online - BloombergJanuary 13, 2021 at 3:00 AM Primark Vs Boohoo Becomes Case Study About Need for Online BloombergTags: Shopping, Primark, Online Bloomberg Sainsbury’s, Tesco, Aldi and Primark issue urgent product recalls for items - Berkshire LiveJanuary 11, 2021 at 7:53 AM Sainsbury’s, Tesco, Aldi and Primark issue urgent product recalls for items Berkshire LiveTags: Shopping, Sainsbury, Primark, Tesco Aldi 46 people like this. Like Sainsbury’s, Tesco and Primark issue urgent product recalls for items - Berkshire LiveJanuary 11, 2021 at 7:53 AM Sainsbury’s, Tesco and Primark issue urgent product recalls for items Berkshire LiveTags: Shopping, Tesco, Sainsbury, Primark 34 people like this. Like Sainsbury's, Tesco, Aldi, Asda and Primark urgently recall products over safety fears - Kent LiveJanuary 10, 2021 at 5:56 AM Sainsbury's, Tesco, Aldi, Asda and Primark urgently recall products over safety fears Kent LiveTags: Shopping, Sainsbury, Primark, Tesco Aldi Asda 23 people like this. Like Covid-19: Abbey Centre and Primark get queue safety noticesDecember 15, 2020 at 8:11 AM Antrim and Newtownabbey Borough Council issue NI's first improvement notice after long weekend queues.Tags: News, Primark, Antrim, Newtownabbey Borough Council 19 people like this. Like Primark reports 'phenomenal' trading since lockdowns endedDecember 4, 2020 at 6:01 AM Sales boom in England, Ireland, France and Belgium but Covid restrictions cost £430mCoronavirus – latest updatesSee all our coronavirus coverageThe owner of Primark has revealed that the latest wave of Covid-19 lockdowns cost the fashion chain £430m in lost sales but that it has experienced a “phenomenal” jump in sales this week since stores were allowed to reopen.The finance director of Associated British Foods (ABF), John Bason, said that trading across reopened Primark stores in England, Irel...Tags: Europe, Business, France, UK News, Retail industry, Ireland, Belgium, Primark, Associated British Foods, England Ireland France, John Bason, Associated British Foods ABF, Coronavirus, COVID 6 people like this. Like Primark predicts rising sales despite Covid hitDecember 4, 2020 at 5:25 AM The chain says recent lockdowns cost it £430m in sales, but trading since reopening has been strong.Tags: UK, News, Primark 37 people like this. Like Primark says autumn shut down cost it £430m in salesDecember 4, 2020 at 3:18 AM Despite the disruption, the fashion chain still expects to see sales and profits increase this year.Tags: UK, News, Primark 2 people like this. Like Lockdown: Shoppers queue as stores reopen in BirminghamDecember 2, 2020 at 10:21 AM People wait outside Primark in Birmingham from 06:00 GMT as England's lockdown was lifted.Tags: England, News, Birmingham, Primark 11 people like this. Like Topshop owner Arcadia falls into administration, putting more than 13,000 jobs at risk. It's the UK's biggest corporate casualty of the COVID-19 crisis so far.December 1, 2020 at 4:30 AM Simon Dawson/Reuters
The Arcadia Group, which owns British fashion brands including Topshop, Dorothy Perkins, and Miss Selfridge, has fallen into administration, Deloitte confirmed Monday night.
This puts more than 13,000 jobs at risk, though no redundancies have been announced yet.
The company's CEO said COVID-19 was to blame. The pandemic has caused Arcadia's stores to close in two national lockdowns.
But rival fast fashion retailers were already attracting the Arcadia Group's customers...Tags: Amazon, Topshop, UK, Trends, Green, Arizona, Michael Gove, Mike Ashley, Retail, Debenhams, Deloitte, Zara, Sir Philip Green, Labour Party, Primark, Inditex 124 people like this. Like Tesco announces big changes for shoppers in the run-up to Christmas - Chronicle LiveNovember 28, 2020 at 8:06 AM Tesco announces big changes for shoppers in the run-up to Christmas Chronicle Live Tesco: Supermarket to open 24 hours in run-up to Christmas as shopping rules change Express Tesco supermarkets to open for 24 hours a day in the run-up to Christmas Cambridgeshire Live Tesco and Primark to open 24/7 as Sainsbury's and M&S extend festive opening hours Mirror Online Tesco to open 300 stores for 24 hours as Sainsbury’s and M&S also extend opening hours in run-up to C The Sun View Full Cover...Tags: Shopping, Tesco, Sainsbury, Primark, Express TESCO, Christmas Cambridgeshire Live Tesco 12 people like this. Like Tesco and Primark to open 24/7 as Sainsbury's and M&S extend festive opening hours - Mirror OnlineNovember 27, 2020 at 5:58 PM Tesco and Primark to open 24/7 as Sainsbury's and M&S extend festive opening hours Mirror OnlineTags: Shopping, Tesco, Sainsbury, Primark 3 people like this. Like Glasgow shoppers pragmatic as they dash to beat near-lockdownNovember 19, 2020 at 10:28 AM Glaswegians resigned to trade-off between Covid restrictions now and freer ChristmasCoronavirus – latest updatesSee all our coronavirus coverageWaiting in the snaking queue outside Primark on Argyle Street, Lisa McNally has one purchase in mind: jammies. “Everything else I’ll get online. I don’t get paid until after lockdown starts.”Glasgow city centre is busier than she’d expected for a weekday morning. “People are panicking,” her friend Connie Goodman suggests. Neither is convinced that the “s...Tags: Scotland, UK News, Glasgow, Primark, Connie Goodman, Coronavirus, Lisa McNally 35 people like this. Like Primark sees pyjamas in and suits out in Covid shiftNovember 3, 2020 at 5:46 AM The retailer's owner, Associated British Foods, says the change reflects how "we live our lives".Tags: UK, News, Primark, Associated British Foods, COVID 4 people like this. Like Nightmare before Christmas: M&S set for big loss on Covid-hit high streetOctober 31, 2020 at 8:05 PM Its Ocado tie-up may bring Marks festive joy, but as restrictions and uncertainty bite, even Primark looks less than cheerfulThe next two months are supposed to be the most lucrative time of the year for the high street, but a grisly update from Marks & Spencer will this week provide a grim reality check as the pandemic sets up nightmarish trading conditions for the golden quarter.Analysts expect M&S to have made a loss of about £60m in the first six months of its financial year because of the h...Tags: Business, UK, Retail industry, Marks & Spencer, Primark 7 people like this. Like What COVID-19 tells us about global supply chainsOctober 25, 2020 at 5:30 AM “These stupid supply chains that are all over the world, we have a supply chain where they’re made in all different parts of the world,” a frustrated Donald Trump exclaimed in May. “And one little piece of the world goes bad, and the whole thing is messed up.”President Trump is not the only one bewildered by global supply chains today. Over the past 40 years, it has become normal for the production of many goods to be disaggregated and outsourced around the world. Transnational supply chains now...Tags: Books, Politics, Featured, China, Global, US, Walmart, Bangladesh, Jordan, Donald Trump, Rana Plaza, Primark, Wuhan, Social Sciences, Trump, Dhaka Bangladesh 3 people like this. Like Primark unveils its Harry Potter Advent Calendar for 2020September 10, 2020 at 11:03 AM Plus, we reveal 10 more that you can buy... Tags: Primark Softbank's $4bn profit on US tech bets hasn't impressed investors | Nils PratleySeptember 7, 2020 at 2:22 PM Masayoshi Son looks like a gambler on a lucky streak so it’s no wonder shares in his firm were down 7%Would you trust Masayoshi Son, the man who did so much to promote and finance the WeWork silliness, to take huge short-term punts on your behalf on the value of US technology stocks?Retail shareholders in Softbank, the Japanese firm founded and led by Son, clearly do not. Softbank’s value fell by almost $9bn (£6.8bn), or 7%, on the Tokyo market on Monday after the company was revealed over the w...Tags: Business, Japan, Politics, Technology, Softbank, US, European Union, UK News, World news, Retail industry, Stock Markets, Currencies, Tokyo, WeWork, Son, Sterling Primark post-lockdown sales head for £2bnSeptember 7, 2020 at 3:52 AM Owner AB Foods says the High Street chain's sales since reopening have been stronger than expected.Tags: UK, News, Primark, Owner AB Foods 46 people like this. Like China's exports jump as Covid-19 restrictions eased, but oil slides - business liveSeptember 7, 2020 at 3:21 AM Rolling coverage of the latest economic and financial newsIntroduction: China’s exports up 9.5% last month.......but imports fell againStrong demand for copperOil hit by Saudi price cuts 8.21am BST Shares in AB Foods have jumped 1.7%, after telling shareholders that full-year profits at its Primark division will hit the top end of expectations.The budget clothing chain Primark said its UK market share had increased after customers flocked back to it since it reopened all its stores, with tra...Tags: Business, UK, England, China, Stock Markets, Netherlands, Ftse, Eurozone, Primark, Associated British Foods, Germany Spain, AB Foods 37 people like this. Like There needs to be a reckoning in the fashion industrySeptember 5, 2020 at 9:32 AM FILE PHOTO: A model walks on an in-house catwalk at the ASOS headquarters in London
Reuters
The fashion industry has long been under fire for human rights abuses.
But the COVID-19 crisis is shining a new light on those abuses.
Without a system that allows consumers to hold companies accountable, the abuses will persist.
Nicky is a writer and speaker who primarily covers arts and culture.
This is an opinion column. The thoughts expressed are those of the author.
Visit Business Insider's hom...Tags: UK, England, London, Trends, Bangladesh, Leicester, BLM, Primark, Asos, Matalan, Reuters, Boohoo, WRC, Nicky, Penn State University, DPD 96 people like this. Like The fashion industry echoes colonialism – DfID's scheme will subsidise it | Meg LewisAugust 25, 2020 at 3:30 AM Covid-19 has exposed the fragility of supply chains, which rely on the labour of black and brown workers. The deep inequalities won’t be fixed by injecting funds at the topIs the UK governed by parliamentary democracy or big businesses? It is a question that should concern us all, yet it is becoming increasingly hard to differentiate between the two, as the government hands out multimillion-pound contracts to private firms with dubious track records, and ministers revolve between roles at big ba...Tags: Business, Fashion, UK, Africa, Race, Tesco, Life and style, UK News, World news, Retail industry, Britain, Fashion industry, Global development, Ethiopia, Garment Workers, Primark 49 people like this. Like Stacey Solomon's gorgeous palm print bikini cost just £12 from PrimarkAugust 24, 2020 at 11:52 AM Stacey Solomon and Joe Swash have returned from their staycation at Butlins with their...Tags: Primark, Stacey Solomon, Joe Swash, Butlins 22 people like this. Like |