Penneys owner warns of €1.6bn sales hit if lockdowns last through March
Primark/Penneys does not have an online shop to help bolster sales
Penneys suspends rent payments to landlords for 37 stores
Retailer is losing net sales of €700m a month during crisis
‘Challenging’ November for Primark spooks British retail industry
Irish-run fashion chain is traditionally viewed as most resilient in sector
Penneys owner share price dips over US problems
Shares in parent company Associated British Foods down 15% as lack of a digital model criticised
Fashion chains chase faster supplies to counter volatile weather
Traditional retailers like M&S and Hugo Boss looking to the example of Primark, H&M and Inditex
Penneys parent AB Foods raises earnings forecast
Primark reports 22 per cent increase in sales during its fiscal third quarter
AB Foods chief dismisses speculation about divesting Primark
‘It will not happen on my watch,’ says John Bason
Primark lifts sales for upbeat AB Foods
Discount clothing business the main driver of 8 per cent growth for parent company
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