Discount clothing retailer Primark has said it is pleased with its trading performance in Ireland in its current financial year.

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.

One of H&M’s largest shareholders has lost its patience.

Fashion chain Next has posted a rise in UK sales over Christmas as the retailer upgraded its profit forecast and signalled that inflation pressures are set to ease.

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.

Clothing retailer Primark has returned to underlying sales growth, with low prices and warm weather driving a strong performance in the UK in its latest quarter, owner Associated British Foods has said.

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.

The pound lost steam but continued to hover near six-month highs as investors took an optimistic view of Prime Minister Theresa May's plans for a general election in June.

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

London’s top flight index tumbled below 6,700 yesterday as investors baulked at a bleak economic update from the UK manufacturing industry.

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.

The London market edged back into positive territory as a rise in the price of oil eased the pressure on top-flight stocks.

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.

THE publication of the Panama Papers followed LuxLeaks as the latest alliterative example of our broken global financial system.

Next has lowered its sales forecast for the year, sending its shares plunging the most since the dot-com bubble burst in 2000, as slowing growth in consumers’ incomes threatens to hit spending at the UK clothing retailer.

UK Chancellor of the Exchequer, George Osborne, took aim at the soft drinks industry yesterday, announcing a new tax on sugary drinks.

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.

Sales at Irish-founded discount-clothing retailer Primark were up 13%, year-on-year, for the first nine months of its 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.

Dividend cheer for the 3m shareholders of Lloyds Banking Group and other strong corporate earnings spurred the Ftse to a new record yesterday.

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.

Banking giant HSBC prevented the FTSE 100 Index from climbing towards a new record high today after its profits fell by more than expected.

Primark has shown it is not immune from the chill blowing through the retail sector after trading was hit by the unseasonably warm autumn.

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.

Discount fashion chain Primark has grown profits by another 29% after a “magnificent” year in which its sales jumped to almost £5bn.

Falling sugar prices are set to hold back earnings growth at Associated British Foods in the next two years, offsetting continued strong performance at the group’s Primark discount fashion chain.

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

Primark is opening stores in the north east of the USA.

Marks & Spencer shares suffered a sharp reversal today as the retailer struggled to convince investors that its clothing sales are back on track.

Primark is to begin paying nine million US dollars in long-term compensation to victims of the Rana Plaza factory collapse that killed more than 1,100 people in Bangladesh last April.

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.

UK fashion retailers set the pace on the London market after Next cheered investors with better-than-expected trading and a turnaround in the fortunes of its high street stores.

Oxfam has urged global food and drinks firms such as Coca-Cola and PepsiCo to adopt a zero tolerance policy on land grabs, most notably among their sugar suppliers.

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

The FTSE 100 Index was buoyed by a much-needed session on the front foot today as attention turned to a key meeting of US policymakers later this week,

Budget fashion chain Primark delivered another blow to rival Marks & Spencer today by reporting six more months of booming growth.