Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

Primark launches click and collect amid soaring profits
Primark's Roosevelt Field Mall store

Primark launches click and collect amid soaring profits

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Primark has revealed that it is launching a new click and collect service to all of its British stores by the end of 2025.

It comes as its parent company Associated British Foods (ABF) saw its pre-tax profit jump 37% to £881m for the 24 weeks ended 2 March 2024.

Alongside this, Primark saw its adjusted operating profit increase by 46% up to £508m for the half year.

The retailers sales rose 7.5% to £4.5bn in the period and its like-for-like sales rose 2.1%.

Its UK sales grew 4.3% compared with the same period last year, driven by like-for-like sales growth of 3.6%.

ABF stated that the growth was driven by newly-opened stores and last year’s price increases on certain items.

George Weston, ABF chief executive, said: “This is a very strong set of financial results, as we are now benefitting from the restoration of some normality in our markets and in our supply chains. Improvements to the Group’s operational performance, driven by the investments and strong execution over the last few years, are now becoming visible. Group profit margins are recovering accordingly to more normal levels.

“Looking ahead, we continue to invest with discipline to build further sustainable growth. Geopolitical risks remain, of course, and the consumer has yet to fully emerge from cost of living pressures. But the Group is well positioned to deliver good returns to shareholders.”

Previous Post
Supermarket sales jump 3.3% as inflation continues to fall

Supermarket sales jump 3.3% as inflation continues to fall

Next Post
M&S

M&S trials postal donations bags with Oxfam