Penneys and its parent break record €5bn sales

Penneys and its parent break record €5bn sales

Sales at Penneys and Primark have reached a new record.

The clothing giant's parent company has reported sales of over €5bn euro in the 12 months to September.

The company, ABF, reported an operating profit on its retail arm of more than €1bn euro for the year.

It has attributed the strong growth to cutting its operating costs and the extension of its stores in Ireland, the UK and Spain.

More in this Section

Kerry student's research into solving oceanic and freshwater dead zones wins top awardKerry student's research into solving oceanic and freshwater dead zones wins top award

Company behind €173m Ringaskiddy incinerator make 12% increase on pre-tax profitsCompany behind €173m Ringaskiddy incinerator make 12% increase on pre-tax profits

Hotel manager's action over disciplinary process undertaken by employer is resolved Hotel manager's action over disciplinary process undertaken by employer is resolved

Cork Airport takes home marketing awardCork Airport takes home marketing award


Lifestyle

OUR fascination with interiors inspiration (in print, online and of course in the likes of social media sites like Pinterest and Instagram) is not going anywhere any time soon.Clutter is a symptom of the housing crisis

All your gardening news.Gardening Notes: Your guide to what's on

Get ready for Stir-Up Sunday with this classic recipe.How to make Bake Off finalist Steph’s Great Grandma’s Christmas fruitcake

I’ve written about Puglia, Sicily, and even Calabria frequently but much less about Basilicata and Campania, both small wine regions but not to be dismissed.Wine with Leslie Williams: The white grapes of Southern Italy

More From The Irish Examiner