Primark’s Christmas quarter sales fell 2.7%
Parent company Associated British Foods issued a profit warning earlier this month
Associated British Foods
Penneys’ owners have bigger priorities than stock market spin-out
Retailer has been outflanked by rivals even as consumers decide to adopt a more cautious approach to spending
Tesco forecasts profit at upper end of guidance after Christmas sales rise
Company makes gains in Irish grocery market
European shares stabilise as investors await Nvidia report
Chipmaker’s earnings could set the tone in markets for the rest of the year
Penneys moment: Could a long-awaited spin-off finally pay off?
ABF flirted with a separation before but was rebuffed by Penneys founder Arthur Ryan, who preferred to stay out of the spotlight
Penneys owner’s plan to split fashion from food fails to excite investing front row
Thinking appears to that demerger would thrust food business into ‘rightful place in the spotlight’
Penneys owner ABF explores spinning off fashion chain
Retail giant flags ‘weak shopping activity’ among budget-conscious shoppers
Penneys owner Primark marks Middle East entry with Kuwait store
High street fashion retailer to open three stores in Dubai in 2026
Primark hikes US prices in response to tariffs
Group says subdued European environment expected to hit overall sales in second half of the year
Hilary Weston, who helped build Penneys and Brown Thomas, has died aged 83
From Dún Laoghaire, Hilary Weston became a prominent figure in business and philanthropic circles in UK and Canada
Penneys owner AB Foods slumps amid weak earnings
Like-for-like sales at Penneys and Primark fell by 6%, worse than competitors, meaning it lost market share
Irish man given nod to head up Penneys was cutting his teeth in business at 21
The 52-year-old, who was previously CFO at Greencore, chosen by ABF to take up top job on interim basis following resignation
Penneys will top up statutory maternity pay as part of new range of benefits
Supports for employees ‘across a range of parenting journeys’, including surrogacy, available for the first time
Penneys stores contribute to €1m-a-day profits last year for fashion retailer Primark
Retailer had 37 stores in Ireland during the financial year, although it opened a 38th store in Bray, Co Wicklow, in recent weeks
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