Associated British Foods has downgraded the annual sales guidance for its Penneys/Primark budget clothing business after disappointing results in the Christmas quarter in its main UK and Ireland market.

RTÉ

Ireland

Penneys/Primark cuts sales outlook after weak Christmas

Homeowners looking to spruce up their living rooms and bedrooms have been "running" to Primark for the new items

Ad Fontes Media

All Sides

Media Bias/Fact Check

Daily Mirror

Reach plc

London

Greater London

England

United Kingdom

Primark's latest homeware range could be easily mistaken for H&M Home

PRIMARK has called on the Government to deliver “tangible” growth rather than “generic words” as waning confidence starts to strangle the econ

The Sun

Murdoch family

Primark blasts Government as waning business confidence strangles economy

Government of Ireland

"If Primark is struggling, you know the UK retail sector is in trouble", one analyst has responded as an industry survey suggests that the outlook for consumer spending remains bleak.

Sky News UK

Roberts family

Primark sales woes underline the challenges facing retail

Parent firm Associated British Foods revealed a slump in sales in the UK in recent months amid continued pressure on household budgets

Chronicle Live

Newcastle upon Tyne

Tyne and Wear

Primark cuts sales forecasts as UK shoppers stay cautious amid 'challenging'

LONDON: Associated British Foods cut annual sales guidance for its Primark budget fashion retailer after reporting weak trading in its main UK market in the Christmas quarter that it said reflected pressure on lower-income shoppers.
© New Straits Times Press (M) Bhd

New Strait Times

Media Prima

Malaysia

Primark cuts sales outlook after UK's weak Christmas quarter

Lower sales in the UK and Ireland pulled Primark’s performance down in the last quarter of 2024 despite double-digit growth in countries like Spain, Portugal and the US. Primark’s parent company ABF Foods told markets this morning that sales in the UK and Ireland, which account for approximately 45 per cent of its market, declined four per cent in the 16 weeks to 4 January. The retailer attributed the decline to weaker cold-weather and seasonal …

City AM

Weak UK sales pull Primark down despite international growth

15:57 British conglomerate AB Foods has cut its growth forecasts for its subsidiary Primark this year, as the budget-conscious fashion retailer faces a decline in British and Irish ...

15:57 Het Britse conglomeraat AB Foods heeft de verwachtingen voor de groei bij dochterbedrijf Primark voor dit jaar verlaagd. De prijsbewuste modeketen wordt geconfronteerd met een dalende Britse en Ierse ...

Modeketen Primark worstelt met moeilijke Britse markt

De Tijd

Belgium

Fashion chain Primark struggles with difficult British market

Primark sales plunged drastically within the UK within the added to Christmas as “cautious” patrons lower down their excessive highway investing. Source link The post Primark UK gross sales struck by sharp lower in buyer investing appeared first on India Daily Mail.

India Daily Mail

Primark UK gross sales struck by sharp lower in buyer investing

Associated British Foods (ABF) reported a like-for-like sales decline of 6% for Primark in the UK and Ireland over the 16 weeks to 4 January. It said that while sales within the fashion-dominated business had held up over the festive season, the build up to December was mired by weak consumer demand and warm weather. Money latest: TV chef points finger over hospitality troubles ABF said that as a result of the drag, it was now expecting “low sin…

Penneys/Primark cuts sales outlook after weak Christmas

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