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 stores

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


Tesco record Christmas; Primark warns of £1bn sales loss - Daily Business

Tesco record Christmas; Primark warns of £1bn sales loss   Daily Business
Tags: Shopping, Tesco, Primark


Tesco, Sainsbury's, Ask Italian, Primark and Asda announce urgent product recalls - Nottinghamshire Live

Tesco, Sainsbury's, Ask Italian, Primark and Asda announce urgent product recalls   Nottinghamshire Live
Tags: Shopping, Asda, Primark, Tesco Sainsbury


Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billion

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. Visit Business Insider's homepage for more stories. 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


Primark refuses to go online despite £1bn lockdown loss

Retailer urged to start selling fashion online as it warns of huge losses from shop closures.
Tags: News, Primark


LONDON MARKET PRE-OPEN: Tesco Has Strong Christmas But Primark Suffers - Morningstar

LONDON MARKET PRE-OPEN: Tesco Has Strong Christmas But Primark Suffers   Morningsta
Tags: London, Shopping, Tesco, Primark, Primark Suffers Morningstar


Tesco record Christmas; Primark warns of £1bn loss of sales - Daily Business

Tesco record Christmas; Primark warns of £1bn loss of sales   Daily Business
Tags: Shopping, Tesco, Primark


Primark Vs Boohoo Becomes Case Study About Need for Online - Bloomberg

Primark Vs Boohoo Becomes Case Study About Need for Online   Bloomberg
Tags: Shopping, Primark, Online Bloomberg


Sainsbury’s, Tesco, Aldi and Primark issue urgent product recalls for items - Berkshire Live

Sainsbury’s, Tesco, Aldi and Primark issue urgent product recalls for items   Berkshire Live
Tags: Shopping, Sainsbury, Primark, Tesco Aldi


Sainsbury’s, Tesco and Primark issue urgent product recalls for items - Berkshire Live

Sainsbury’s, Tesco and Primark issue urgent product recalls for items   Berkshire Live
Tags: Shopping, Tesco, Sainsbury, Primark


Sainsbury's, Tesco, Aldi, Asda and Primark urgently recall products over safety fears - Kent Live

Sainsbury's, Tesco, Aldi, Asda and Primark urgently recall products over safety fears   Kent Live
Tags: Shopping, Sainsbury, Primark, Tesco Aldi Asda


Covid-19: Abbey Centre and Primark get queue safety notices

Antrim and Newtownabbey Borough Council issue NI's first improvement notice after long weekend queues.
Tags: News, Primark, Antrim, Newtownabbey Borough Council


Primark reports 'phenomenal' trading since lockdowns ended

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


Primark predicts rising sales despite Covid hit

The chain says recent lockdowns cost it £430m in sales, but trading since reopening has been strong.
Tags: UK, News, Primark


Primark says autumn shut down cost it £430m in sales

Despite the disruption, the fashion chain still expects to see sales and profits increase this year.
Tags: UK, News, Primark


Lockdown: Shoppers queue as stores reopen in Birmingham

People wait outside Primark in Birmingham from 06:00 GMT as England's lockdown was lifted.
Tags: England, News, Birmingham, Primark


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.

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


Tesco announces big changes for shoppers in the run-up to Christmas - Chronicle Live

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


Tesco and Primark to open 24/7 as Sainsbury's and M&S extend festive opening hours - Mirror Online

Tesco and Primark to open 24/7 as Sainsbury's and M&S extend festive opening hours   Mirror Online
Tags: Shopping, Tesco, Sainsbury, Primark


Glasgow shoppers pragmatic as they dash to beat near-lockdown

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


Primark sees pyjamas in and suits out in Covid shift

The retailer's owner, Associated British Foods, says the change reflects how "we live our lives".
Tags: UK, News, Primark, Associated British Foods, COVID


Nightmare before Christmas: M&S set for big loss on Covid-hit high street

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


What COVID-19 tells us about global supply chains

“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


Primark unveils its Harry Potter Advent Calendar for 2020

Plus, we reveal 10 more that you can buy... 
Tags: Primark


Softbank's $4bn profit on US tech bets hasn't impressed investors | Nils Pratley

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 £2bn

Owner AB Foods says the High Street chain's sales since reopening have been stronger than expected.
Tags: UK, News, Primark, Owner AB Foods


China's exports jump as Covid-19 restrictions eased, but oil slides - business live

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


There needs to be a reckoning in the fashion industry

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


The fashion industry echoes colonialism – DfID's scheme will subsidise it | Meg Lewis

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


Stacey Solomon's gorgeous palm print bikini cost just £12 from Primark

Stacey Solomon and Joe Swash have returned from their staycation at Butlins with their...
Tags: Primark, Stacey Solomon, Joe Swash, Butlins