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Primark UK sales drop amid weak footfall and bad weather

Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the…

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Today’s news in brief-29/5/24

Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey.…

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Primark enters 17th market with new Budapest store

Primark has officially entered its 17th market with the opening of a store in Hungary’s capital Budapest.  The move comes…

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Zara owner expands budget brand Lefties in bid to rival Shein

Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast…

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Today’s news in brief-29/11/23

José Neves, the owner of luxury fashion site Farfetch, is reportedly in talks to take the company private, just five…

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Canada Goose acquires knitwear manufacturer Paola Confectii

Canada Goose has recently announced the acquisition of the operating assets of Paola Confectii Manufacturing for an undisclosed sum.  Building…

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Primark to open 10 stores before Christmas

Primark’s parent company Associated British Foods (ABF) has announced that it is set to open 10 new stores before Christmas.…

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Screwfix to open 80 new stores

Kingfisher-owned Screwix is set to open 80 new stores by the start of next year, creating around 800 new retail…

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Kingfisher hails ‘record’ year as profits surge 20.9%

Kingfisher has reported “record” revenue and profits for the year ending 31 January 2022 as adjusted pre-tax profits surged 20.9%…

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Kingfisher announces leadership shakeup

Kingfisher plc has announced a number of senior management changes to strengthen its group executive team and support the delivery…

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