Penneys owner ABF said supplies could be hit should the reopening of Chinese factories be delayed because the retailer sources much of its clothing lines from Asia.

Discount clothing retailer Primark, which trades here as Penneys, has warned that the coronavirus could affect its supply chain and product lines later this year, if delays to factory production in China are prolonged.

Discount clothing retailer Primark expects to generate 4% sales growth in its current financial year, which runs to the end of this month.

Discount clothing retailer Primark is to move all of its buying, sourcing and merchandising staff and functions to its Dublin headquarters.

Shares in UK high street retailer Debenhams,which has 16 stores in the Republic and the North, plunged over 10% as it confirmed it was considering “longer-term options”, including possible further store closures.

Dublin-headquartered, low-cost, clothing retailer

Primark, the low-cost clothing retailer headquartered in Dublin and which trades here as Penneys, has indicated that it is open to the idea of opening more stores in Ireland, writes Geoff Percival.

Primark is set to embark on its largest store expansion round in 10 years as it strengthens its presence in mainland Europe and the US on the back of a strong first half to its current financial year. Parent group Associated British Foods yesterday reported better-than- expected interim figures, showing group revenues of just under £7.3bn (€8.7bn) and operating profits of £640m — up 20% and 36% — for the six months to the first week of March.

First-half sales are expected to have increased by 11% on a yearly basis at discount clothing retailer Primark, which trades here as Penneys. 

Discount clothing retailer Primark has reported first quarter sales growth of 11%, on a constant currency basis, with “strongly positive” like-for-like sales seen in Ireland, where the company trades as Penneys.

Strong trading levels at its Irish operations helped drive an estimated 9% rise in sales at discount clothing retailer Primark in its latest financial year.

Primark owner, Associated British Foods (ABF), is sticking with its plans to expand the discount clothing retailer across Europe and the US despite market and currency uncertainty since Britain’s vote to leave the EU.

Weaker trading over the Christmas period created a marginal drag on first half revenues at discount clothing retailer Primark.

Primark owner Associated British Foods has announced half-year pre-tax profits up 4% to £466m.

Conglomerates were all the rage in the 1960s, but fell out of fashion along with the beehive hairdo. Primark is about to remind us why. The fast-growing clothing operation is part of Associated British Foods (ABF), whose other businesses include sugar processing, food ingredients and brands such as Twinings Tea, as well as agriculture.

Associated British Foods, the company behind budget retailer Primark, has said a stronger pound and dollar would have a bigger-than-expected hit on full-year earnings and could weigh on profits in its new financial year.

Primark’s expansion into the US is “well-advanced”, with the Dublin-headquartered discount clothing retailer set to open its first store there this year.

Sales growth at the Primark discount fashion chain has accelerated over the last eight weeks as falling fuel prices boost shoppers’ disposable income, Associated British Foods said yesterday.

Dublin-headquartered discount clothing retailer Primark contributed almost half of parent group Associated British Foods’ total annual sales in the 12 months to mid-September.

Dublin-headquartered discount clothing retailer, Primark — which trades, here, as Penneys — plans to enter the US market, identifying Boston as its entry point.

Primark opened its doors in France last month, the same year they recorded a 44% increase in yearly profits.

Dublin-headquartered discount retailer Primark, which trades here as Penneys, has reported a 22% year-on-year surge in annual revenue, to just under £4.3bn (€5.1bn), a performance described as “remarkable and outstanding” by its British parent.

Sales at Penneys and Primark have reached a new record.

Strong summer trading and aggressive expansion helped budget fashion chain Primark ring up a 22% surge in annual sales and beat profit expectations.

The world’s largest food companies are failing to meet ethical standards, a report has warned.

“Phenomenal” demand for tablet devices drove sales at the British and Irish operations of electronic goods seller, Dixons Retail, up by 8% during the company’s third quarter, which coincided with the busy Christmas trading period.

Penneys-owner Associated British Foods is set for a big jump in full-year earnings as shoppers snapped up bargains at its discount fashion chain and shrugged off the distractions of the Olympic Games and depressed economic growth in western Europe.

The owner of value clothes retailer Primark, which trades as Penny's in Ireland, today said it would continue to open new stores despite reporting a slide in full-year profits.

THE owner of discount fashion chain Penneys has reported sluggish sales in Britain although consumer demand is holding elsewhere in Europe, including Ireland.

Primark today reported an "outstanding" performance for the past year, with operating profits up 35%, but its owner warned that future margins will be squeezed by the soaring costs of cotton and transport.

BUDGET retailer Primark, which trades as Penneys in Ireland, has said that sales and profit will be well ahead of last year but its rapid growth has slowed.

PRIMARK – the Irish-founded clothing retailer, which trades under the Penneys name here – has reported a strong first half performance and is planning to include Ireland on its store expansion drive in the second half of the year.

TESCO saw sales in Ireland drop 7.5% to €2.9 billion in the year to the end of February as it took a hit of almost €38 million following price and supplier changes.

PRIMARK, which trades as Penneys in Ireland, saw sales jump 19% in the months leading up to Christmas but Irish sales suffered slightly.

SALES and profit at Primark, which trades as Penny’s in Ireland, will be well ahead of last year.

DISCOUNT fashion store, Primark, which trades as Penneys in Ireland reported a 20% surge in sales for the year to date.

A FIRST-class performance by Primark, which trades as Penneys in Ireland, sent operating profits in the six months to the end of February jumping 10% to £122 million (e138m).

Kingsmill and Ryvita maker Associated British Foods today said interim profits rose 5% after another “excellent” performance from clothing arm Primark.

Associated British Foods today said Kingsmill firm Allied Bakeries and clothing retailer Primark continued to make progress.

HIGH Street retailer Penneys is considering expansion following an excellent trading year.

British fashion retailer Primark’s £200m (€287m) profits haul crowns another successful year for the chain, which is the UK’s second largest clothing retailer by volume