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....Kamani inherited his love of fashion from his father, Abdullah, who sold handbags on market stalls in north-west England after leaving Kenya in the 1960s. Kamani went on to found a successful family textile business, supplying high street names such as New Look and Primark, before focusing on Boohoo. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 05:31:48 PM
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Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
....Kamani inherited his love of fashion from his father, Abdullah, who sold handbags on market stalls in north-west England after leaving Kenya in the 1960s. Kamani went on to found a successful family textile business, supplying high street names such as New Look and Primark, before focusing on Boohoo. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
. Food-to-fashion group Associated British Foods (ABF) has reported a leap in first-half profits, driven by a recovery at its sugar businesses and continued growth at its Primark chain. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
.... Its failure became one of the biggest business scandals in recent years. Our analysis of the former BHS estate found that while shops within the London commuter belt and major cities such as Leeds, Birmingham and affluent Brighton have been snapped up by brands such as Next, Primark and H&M, its disappearance has only added to the woes of many already struggling high streets. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
.... That irritation is likely to continue for a bit, too, with economists expecting the squeeze on inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. But is that bad news for everyone? Possibly not, if it makes shoppers trade down to cheaper retailers such as Primark, whose owner Associated British Foods (ABF) announces first-half results this week. ...
FTSE 100 slides as bank shares lose ground image
Source : BBC [Read Article] Thursday 13th of April 2017 08:04:39 AM
....Shares in Associated British Foods rose 3. 6% after analysts at Jefferies raised their rating on the Primark owner to "buy" from "hold". ...
FTSE 250 sets record closing high image
Source : BBC [Read Article] Monday 10th of April 2017 07:46:23 AM
....4% after a court approved a deal between Britain's biggest supermarket chain and the Serious Fraud Office to settle an investigation over a 2014 accounting fraud. Primark owner ABF and Marks & Spencer also gained, climbing 3. ...
From smugglers to supermarkets: the 'informal economy' touches us all image
Source : Guardian [Read Article] Friday 24th of March 2017 11:13:18 AM
.... They can be tools of accumulation and domination, or of support and relief. Thinking about informal economies therefore highlights features of our economies which are unregistered, and hence often ignored, but without which the price of clothes at Primark or the career of the current Foreign Secretary are difficult to explain. ...
Next admits mistakes as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
....The retailer Next has said a failure to stock enough wardrobe staples had contributed to its first drop in annual profits for eight years. Last year the retailer sped up the way it puts together its clothing ranges to compete better with rivals such as Zara, H&M and Primark, which take weeks rather than months to take clothes from the design stage to the stores. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....”. Specialist footwear retailers have been under pressure for a number of years as clothing chains including New Look and Primark have increased the number of shoes and boots they sell. ...
London 'cheaper than New York or Tokyo' after pound's Brexit plunge image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:07 AM
....London’s new-found bargain-basement status has encouraged a flood of international shoppers to the city. Even low-cost clothing store Primark has reported strong sales to foreign tourists, joining luxury brands such as Burberry in enjoying a boost in sales from visitors drawn by the cheap pound. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
....Associated British Foods also gained 1. 7% as Goldman Sachs improved its rating on the Primark owner to "buy" from "neutral". ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
....In a general sense, it’s easy to understand that a dominant shareholder could be more willing to take a long-term view of investment. The classic example is Associated British Foods, a FTSE 100 firm but family controlled, which quietly turned its once-small retailing business into the phenomenon that is Primark. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....”. Asda has been under intense pressure to reverse its fortunes after food shoppers flocked to discounters Aldi and Lidl and customers looking for cheap clothes migrated to Primark. ...
Primark sales boosted by bargain-hunting tourists after pound's Brexit slide image
. Primark has joined luxury brands such as Burberry in enjoying a boost in sales from tourists drawn by the cheap pound. ...
Primark still in fashion for UK shoppers image
Source : BBC [Read Article] Monday 27th of February 2017 12:53:09 PM
. The owner of Primark expects profits to keep rising as it continues to open more stores. ...
UK's super rich appear to get special deal from HMRC, says watchdog image
Source : Guardian [Read Article] Friday 27th of January 2017 12:01:11 AM
....Of the 850 penalties issued to the very wealthy since 2012, the average charge was £10,500 – a figure the committee said was likely to be too small to act as a deterrent. The problem was likely to become more acute because wealthy people were moving from off-the-peg tax avoidance schemes – the “high street equivalent of Primark or Next” – to bespoke “made-to-measure Savile Row” arrangements, the report says. ...
Skiing: shop around to hit the slopes but not your wallet image
Source : Guardian [Read Article] Sunday 15th of January 2017 06:59:09 AM
....Before you even get to the slopes, what you wear can set you back. However, all sorts of kit can be bought cheaply online, or at a discount clothes store such as TK Maxx, Aldi or Primark. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
....The discount chain’s owner Associated British Foods, said trading across its business was “good” in the last 16 weeks. It did not release like-for-like figures for Primark, but total sales were up 11% year on year in constant currency terms, or a chunky 22% in actual currency terms (thanks to the sharp fall in sterling since the Brexit vote). ...
Jingle tills image
Source : BBC [Read Article] Thursday 12th of January 2017 01:08:49 PM
....com and Asos also reported sales growth. Strong festive periods were also seen at Primark, JD Sports and Superdry owner Supergroup, which saw like-for-like sales up 15% over the Christmas period. ...
FTSE hits 11th record close in a row image
Source : BBC [Read Article] Thursday 12th of January 2017 12:46:22 PM
....37. On a day nicknamed "Super Thursday" because so many retail updates were released, the biggest faller was Primark owner Associated British Food, with shares down 4. ...
Could Next be the new M&S: profitable but terminally unexciting? image
Source : Guardian [Read Article] Saturday 7th of January 2017 04:00:23 PM
....Verdict’s research indicates that less than half of Next’s shoppers, 46%, are now in that key 25-44 age group, compared with 64% a decade ago. Younger shoppers have defected to competitors such as Zara, Ted Baker, Primark and online retailer Asos. ...
The couple who made Tiger roar … and millions of pounds in the process image
.... But it was amazing. It was right opposite Primark and I never understood why nobody jumped at it. ...
FTSE edges higher but gloomy Next outlook hits retailers image
Source : BBC [Read Article] Wednesday 4th of January 2017 08:44:33 AM
....The news hit shares in other retailers, with M&S down 6. 1% and Primark owner Associated British Foods dropping 3. ...
Next shares slump after gloomy 2017 forecast and unfestive figures image
Source : Guardian [Read Article] Wednesday 4th of January 2017 08:23:01 AM
.... Just 13 months ago they were changing hands at nearly £82. Next’s gloomy update dragged down other fashion retailers, with Marks & Spencer and Debenhams closing down 6% and Primark owner Associated British Foods losing nearly 4%. ...
Next warns on outlook as sales fall image
Source : BBC [Read Article] Wednesday 4th of January 2017 07:34:13 AM
...." . Next's gloomy outlook for 2017 hit shares in other retailers, with Marks and Spencer, Debenhams and Primark owner Associated British Foods all trading lower. ...
Tiger makes millions for couple who brought Danish store to UK image
Source : Guardian [Read Article] Monday 2nd of January 2017 06:45:29 PM
.... “It has done an extraordinary job of taking that basic fundamental market, that was the old Woolies, and [making] it sexy. “Imagine if British Home Stores’ ground floor was like Tiger, its fashion floor like Uniqlo or Primark and its home stuff like Ikea. ...
Fortnum & Mason aims to cut basic pay for more staff in bid to reduce tax bill image
....The letter points out that under the new system the employees would be liable for lower national insurance payments, helping to boost their take-home pay. But the changes would also mean a cut in the tax bill in employer’s national insurance for Fortnum & Mason, owned by an arm of the Weston family, which also owns a large stake in Associated British Foods, the owner of Primark. ...
The 10 lies ​about Black Friday's consumerist circle of hell image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....When Vivienne Westwood launched a collection in 2010, she said we should not buy new clothes for six months. “My message is: choose well and buy less,” she said – as if to suggest you should buy one Westwood dress rather than filling Primark trolleys regularly with disposable tat. ...
Cost of British grocery brands to rise due to fall in value of sterling image
Source : Guardian [Read Article] Tuesday 8th of November 2016 03:16:13 PM
....The prices of Patak’s pickles and Jordans muesli are to rise, after the brands’ owner, Associated British Foods, admitted it was facing cost pressures from the fall in the value of sterling. “The days of food price deflation are behind us,” said George Weston, the boss of ABF, which owns a string of British grocery brands including Twinings and Kingsmill as well as the Primark clothing chain. ...
From posh picnics to nylon knickers: readers on the best and worst of M&S image
Source : Guardian [Read Article] Tuesday 8th of November 2016 02:49:05 PM
....I am disappointed that they are giving up on a lot of their clothes stores overall. I know it must be difficult with stores like Primark opening up but they used to be really great. ...
M&S to close 30 UK stores and cut back on clothing image
Source : Guardian [Read Article] Tuesday 8th of November 2016 08:00:40 AM
.... Hopkinson points to places such as Swindon and Stockton-on-Tees where shoppers have been drawn away from the high street by out-of-town retail parks. M&S has been battered by low-cost rivals such as H&M, Zara and Primark and shoppers are increasingly spending their spare cash on leisure activities, rather than buying new clothes. ...
Sheffield Meadowhall submits plans for £300m 'Leisure Hall' image
Source : BBC [Read Article] Monday 7th of November 2016 03:18:19 PM
....It will be replaced by a new £90m HSBC building in the new year as part of the Sheffield Retail Quarter. A new city centre Primark store recently opened and a nine-screen cinema is due to open in the near future. ...
An excuse to shop image
Source : BBC [Read Article] Wednesday 28th of September 2016 11:25:34 PM
....Central London seemed like a good place to try and find out. Joseph and Winifreda Cassai, and Jackie Douglas, all from Malta, were cheerfully laden with Primark bags on an Oxford Street bathed in September sunshine when they agreed to talk to the BBC. ...
Clothes by the kilo image
Source : BBC [Read Article] Friday 23rd of September 2016 08:59:59 PM
....Maria Malone, principal lecturer in fashion business at the Manchester Fashion Institute, says her students attend the sales and, as term gets underway, there is one on campus this weekend. "There is no longer a stigma in buying value for money clothing as seen with the growth of Primark, this has translated into removing the stigma of buying what was once known as second hand - now re-branded into the term 'vintage'. ...
FTSE 100 steady but Ocado shares hit by profit worries image
Source : BBC [Read Article] Tuesday 13th of September 2016 08:22:35 AM
....66%. Its shares had sunk 11% on Monday after it disclosed a £200m pension deficit and said sales at its Primark chain had been affected by unseasonable weather. ...
Primark blames the weather for falling sales image
Source : BBC [Read Article] Monday 12th of September 2016 08:31:08 AM
. A warm winter and a cold spring has been blamed for a fall in sales at low-cost fashion retailer Primark. ...
FTSE 100 slides on US rate rise worries image
Source : BBC [Read Article] Monday 12th of September 2016 07:51:12 AM
....The biggest faller on the FTSE 100 was Associated British Foods (ABF), which dropped almost 11%. The company sales at its Primark discount clothing chain had been affected by unseasonable weather, with like-for-like sales at the chain likely to fall by 2% this year. ...
FTSE 100 dragged down by mining stocks image
Source : BBC [Read Article] Tuesday 30th of August 2016 09:58:59 AM
....79. Primark owner Associated British Foods was the biggest riser on the index, gaining 3. ...

ABF bucks trend with upgrade as broker says 'it's not all about Primark'
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Pokemon Go fan becomes first Brit to 'catch 'em all'
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Source : Telegraph [Read Article] Thursday 28th of July 2016 01:55:40 PM
....". Mr Clark found his last Pokémon, called a Lapras, "round the back of Primark". ...
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Pokemon Go: Player claims to have caught all UK characters image
Source : BBC [Read Article] Thursday 28th of July 2016 11:10:12 AM
....The 33-year-old said he has spent "pretty much every waking hour" on the app since it was launched on 6 July. Mr Clark said he had lost more than two stone in weight during the process and claimed his final catch was a Lapras found "round the back of Primark". ...

Bob Geldof blasts Brentwood Festival fans for wearing Primark clothes
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Source : Telegraph [Read Article] Thursday 21st of July 2016 10:53:59 PM
. Bob Geldof has been slammed by festival-goers after launching a foul-mouthed rant at them for wearing Primark clothes, while on stage in Essex. ...
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Teenage girls detained for kidnapping toddler from Primark store
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Source : Telegraph [Read Article] Monday 18th of July 2016 04:33:08 PM
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Going upwards image
Source : BBC [Read Article] Friday 15th of July 2016 09:19:02 PM
.... And when shopping, we have a taste for the foreign. Whether that be smartphones, bookshelves from Ikea, cheap clothes from Primark, or even a Ford Focus, most of what we buy is made abroad. ...

Primark's owner ABF gets a boost from Brexit
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Source : Telegraph [Read Article] Thursday 7th of July 2016 03:35:12 PM
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My Local shuts up to 90 stores as Store Twenty One pursues CVA image
Source : Guardian [Read Article] Tuesday 28th of June 2016 06:49:38 PM
....The closures come as loss-making chain Store Twenty One, which has 202 UK shops, said it was pursuing a company voluntary arrangement – a type of insolvency proceeding – after eliminating other options including a sale or a debt for equity swap. The retailer, which is owned by Indian textiles company Alok Group, has a chequered financial history and has struggled to adapt as low-cost fashion rivals such as Primark steal the march on a competitive high street. ...
Philip Green to face MPs on Wednesday morning over collapse of BHS image
Source : Guardian [Read Article] Wednesday 15th of June 2016 06:00:20 AM
....Meanwhile, the administrators for BHS have given those interested in buying parcels of the retailer’s stores a deadline of Wednesday night to put forward bids. The bidders are thought to include Sports Direct’s Mike Ashley, Primark and B&M, with some parties interested in as many as 60 stores and others only a handful. ...
Former Asda boss backs new Guess How Much! discount store image
Source : Guardian [Read Article] Sunday 5th of June 2016 02:06:05 PM
....”. Pep & Co, which opened its first store in Kettering in July last year, is aiming to open 15 more stores this year as it takes on the likes of Primark with supermarket-style clothing on the high street. ...
BHS creditors wiped and 1,000 jobs to go as Sir Philip Green gets £35m image
Source : Daily Express [Read Article] Sunday 5th of June 2016 12:01:00 AM
....To raise money for creditors, Duff & Phelps will sell off all of BHS’s property and assets, including its brand. The likes of Next, Primark and Sports Direct have been touted as possible buyers for parts of the estate. ...
Former BHS owner sent abusive message to chief exec after chain collapsed image
.... Duff & Phelps, the administrator, is now looking for buyers for BHS stores, the brand and its international business. Mike Ashley’s Sports Direct and discount chain Primark are among the retailers looking at buying shops. ...
How Britain fell out of love with BHS – timeline image
Source : Guardian [Read Article] Thursday 2nd of June 2016 02:07:35 PM
....2006. Green sounds out Asda and Debenhams about buying BHS, as shoppers desert the chain for cheaper rivals, such as Primark, or revitalised department stores. ...
How the town of Corby dusted off the ashes of post-industrial decay image
....The nearby town centre, including the £40m Willow Place shopping centre, bustles with shoppers and all but a few sites are occupied and doing a brisk trade. Big-name brands such as Primark, H&M and TK Maxx are already bringing in shoppers from nearby towns. ...
Danish retailer Tiger eating up competition on Britain's high streets image
....The chain is growing at such a pace – opening one or two shops a week around the world, including in the US – that it struggled to meet demand over Christmas. When the retail expert Mary Portas was asked what she might do to save the BHS chain, which fell into administration in April, she suggested putting Tiger on the ground floor, replacing its fashion collections with the Japanese cut-price clothing chain Uniqlo or with Primark products and bringing in furnishings from Ikea. ...
BHS and Austin Reed set for rescue deals - stores may be saved this week image
Source : Daily Express [Read Article] Sunday 15th of May 2016 12:01:00 AM
....”. Sports Direct tycoon Mike Ashley and Edinburgh Woollen Mill are believed to be among the bidders looking to keep BHS intact while others, such as B&M, Primark and Pep&Co, are believed to want to cherry pick its best sites. ...
Next warns on sales and profits as cold weather chills spring ranges image
Source : Guardian [Read Article] Wednesday 4th of May 2016 06:35:05 AM
....Since Wolfson’s warning, other fashion retailers have reported difficult trading amid concerns about the health of the high street and consumer confidence. Primark reported its first fall in half-year sales for 12 years last month and Debenhams has said conditions are difficult. ...
Next warns on sales and profits as cold weather chills spring ranges image
Source : Guardian [Read Article] Wednesday 4th of May 2016 06:35:05 AM
....Since Wolfson’s warning, other fashion retailers have reported difficult trading amid concerns about the health of the high street and consumer confidence. Primark reported its first fall in half-year sales for 12 years last month and Debenhams has said conditions are difficult. ...
Shock graph that shows the High Street brands capable of destroying the value of YOUR home image
....The fast-food chain was found to have the most devastating impact on property values, with homes near a McDonalds tens of thousands of pounds cheaper than those that are not. Clothing chains Peacocks and Primark were found to be the second and third worst brands to live close to, in a study of Hertfordshire land registry prices carried out by website Fast Sale Today. ...
M&S expected to benefit most from BHS collapse image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:55:20 AM
....”. M&S’s clothing business has struggled to compete with nimbler rivals such as Primark, Zara and H&M in recent years, achieving growth in only one quarter in the past five years. ...
Supermarket giant’s healthy profits: Sainsbury’s set for £700m turnaround image
....At its preliminary results back in March, Wolfson warned that 2016 would be its toughest year since the 2008 financial crisis because of slowing consumer spending, even on its star performing catalogue business. Highstreet fashion rivals such as Top Shop, Miss Selfridge and Primark are also understood to have suffered because of April’s cold snap. ...
Mary Portas: how I would have saved BHS image
Source : Guardian [Read Article] Monday 25th of April 2016 05:58:30 PM
.... It has done an extraordinary job of taking that basic fundamental market, that was the old Woolies, and made it sexy. Imagine if British Home Stores’ ground floor was like Tiger, its fashion floor like Uniqlo or Primark and its home stuff like Ikea. ...
Shoppers on BHS: 'It's the sort of store that you go to with your nan' image
....“I think it’s a real shame because John Lewis and Debenhams are too expensive now. Primark’s quality is not that great, plus they are more for the younger generation. ...
If BHS can fold, then how safe are M&S and John Lewis? | Mary Dejevsky image
....But retail also has specific problems. BHS failed to keep up with the internet revolution; it faced competition from cheap fashion chains, such as Primark and H&M; it lost the lucrative youth market, by and large, but still tried to appeal across the generations. ...
Where have all Britain’s shoppers gone? image
Source : Guardian [Read Article] Saturday 23rd of April 2016 02:59:08 PM
.... Poundland has pointed directly to the fact there are fewer people on the high street as a key reason behind its slowing sales. Last week value fashion retailer Primark revealed its first drop in UK underlying sales for 12 years, although boss George Weston said it was not yet time to press the panic button, given that chilly spring weather had weighed on all sales for all fashion retailers. ...
City news: Primark, Pret A Manger, Wyevale and Stock Spirits  image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 12:01:00 AM
. The budget chain’s like-for-like sales were also hit by opening new stores in Germany and Holland which took sales away from Primark’s older outlets. ...
Primark reveals first fall in half-year sales in 12 years image
Source : Guardian [Read Article] Tuesday 19th of April 2016 12:54:36 PM
. Primark has revealed its first fall in half-year underlying sales in 12 years amid a tough UK market and a rash of store openings in Germany and the Netherlands. ...
FTSE flat after mining stocks fall image
Source : BBC [Read Article] Tuesday 29th of March 2016 08:13:27 AM
....5%. The top rises included High Street stalwart Marks & Spencer and Primark owner AB Foods, both up about 3%. ...
Bank of England must burst the buy-to-let bubble now image
Source : Guardian [Read Article] Sunday 27th of March 2016 08:00:11 AM
....However, the number of credit customers is now in decline and Next is struggling to turn it around. Given that Next faces tough competition from the likes of Zara, Primark and Marks & Spencer, the weakening of this potent weapon poses a genuine problem for Wolfson. ...
Next warns of toughest trading since financial crisis and cuts sales forecast image
....5bn off its stock market value and making it the biggest faller in the FTSE 100 Index. His prognosis also weighed on Primark owner Associated British Foods and Marks & Spencer with the shares of both companies marked down by around 5%. ...
BHS faces crucial vote on its future image
Source : BBC [Read Article] Wednesday 23rd of March 2016 12:30:59 AM
...." . With increasing competition from retailers like Primark and the internet, the challenge for BHS is to bring in shoppers, she says. ...
BHS: Fears of administration if landlords reject review image
Source : Daily Express [Read Article] Sunday 20th of March 2016 12:01:00 AM
....1million for the 12 months to August 30, 2014, despite recording sales of £668million. Aside from poor trading, which has seen it fall behind other high-street giants such as Next, Primark and Marks & Spencer, BHS’ finances have been hobbled by its £571million pension fund deficit. ...
BHS battles to stay on the high street image
Source : Guardian [Read Article] Saturday 19th of March 2016 03:59:14 PM
....The closure has caused controversy, not just because of the loss of 50 jobs but because it has emerged that BHS was paid more than £5m to leave the shop, with about a quarter of that coming from Carlisle city council. The council and the owner of the shopping centre were desperate to replace BHS with Primark, which will pay far more rent and potentially attract more visitors. ...

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