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Planet Business: Royal private estate income, data-hungry air fryers and the companies keen for it to be Christmas already
Primark
Wet weather hit Primark’s UK summer sales, says owner AB Foods
But better performance in other markets ensured steady operating profits
Primark opens its 450th store in Florida
Opening coincides with the 55th anniversary of Penneys in Ireland
Is it cheaper to visit Center Parcs abroad rather than stay in Longford?
The best news, analysis and comment from The Irish Times business desk
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
Primark’s Irish man in Spain: ‘We sell roughly the same number of coats in Madrid as we do in Dublin’
Wild Geese: Stephen Mullen, Madrid
Primark plans €40m expansion in Portugal
Fashion retailer to open four new outlets in Portugal as part of investment
UK developer acquires Independent House for student accommodation in €8m deal
Former headquarters of Independent Newspapers, dormant since 2003, to provide 280 bed spaces
Penneys and Primark owner AB Foods expects ‘significant growth’ in full-year profit
Recovery in margins at clothing chain fuels 39% jump in profit in first half of the year
Company bosses ‘shy away’ from topics of national importance in social media posts
Sky’s Stephen van Rooyen tops Reputations Agency’s ranking of most influential CEOs on LinkedIn, ahead of Meta’s Anne O’Leary and Primark’s Paul Marchant
Primark owner to invest over €117m in its UK clothing stores this year
Plans detailed by Penneys owner Associated British Foods include new store openings and extensions
Primark’s sales growth slows in Christmas quarter
No significant disruption to supply chain from Red Sea situation expected for now
Inside Penneys: A starry-eyed love letter to one of Ireland’s great success stories
Television: For an Irish business to bestride the world is not to be sniffed at, but tough questions are left unanswered
Period Pants: High silver levels could pose health risk, study says
Silver added to combat user concerns about smell and hygiene but it can kill healthy bacteria, says FDA
Owner of Independent House and nuns fail in appeals against new land hoarding tax
An Bord Pleanála dismisses appeals against residential zoned land tax on former newspaper headquarters and south Dublin monasteries
Primark drives strong sales at AB Foods as shoppers shrug off price hikes
The chain implemented ‘selective price increases’ for shoppers over the past year after reporting a spike in costs
Primark in throes of shift towards sustainability
Primark Cares aims to reduce fashion waste which is no mean feat given size of retailer, writes Kevin O’Sullivan
Penneys owner AB Foods raises profit outlook as sales of food and clothes rise
Growth has been driven by selective price increases, well-received ranges, and strongly performing new stores
Penneys posts 20-fold increase in profits and €475m payout for shareholders
Retailer said that the jump in profits has largely been driven by a return to more normal customer behaviour since the pandemic
Global shares rise on the eve of US inflation data
Insulation specialist Kingspan and a number of other big hitters drove index in Dublin up 2.2%
Penneys owner raises profit outlook after rise in sales
Associated British Foods enjoys boost as shoppers buy more seasonal clothing and health and beauty products
Penneys opens new €16m Dundrum store, increasing shopping space by two-thirds
New shop replaces part of the former House of Fraser department store
Only the supermarkets know if they are charging fair prices
First milk prices fell across a range of retailers, then butter. But consumers are waiting for something more meaningful
Penneys owner Associated British Foods raises full year outlook
Resilient consumer demand for its budget fashion offering means Primark group now expects substantially higher sales
Business Person of the Month: Paul Marchant, Primark
Record sales in run-up to Christmas help Dublin-based retailer deliver better than expected results for 2022
Spectrum.Life raises €5m in funding to fuel further growth
Dublin headquartered company raises additional funding in oversubscribed round
Record Christmas sales at Primark boost revenues for owner ABF
Consumer spending ‘more resilient’ than expected
Penneys launches new website – but you still can’t shop online
Refreshed site allows customers to browse ranges, check stock and even create an account, but retailer has said it won’t offer online purchasing
Primark to open 10 shops before Christmas amid ‘encouraging’ sales
Low cost high street retailer says cost volatility had ‘diminished’ since its previous update a month ago
Cost-of-living takes shine off ‘revenge Christmas’ for sequinned-up fashion retailers
Clothing advertisers want price-sensitive shoppers to fall for their post-pandemic charms, but consumer sentiment has not gone their way
Primark can afford price freeze with wider ABF group at its back
Joe Brennan: Fast-fashion retailer sees cost-of-living crisis as an opportunity
Penneys parent sees Irish sales surge 48% this year in ‘strong’ trading
AB Foods says Primark will not increase prices any more than already planned before next autumn despite soaring costs
‘This store means so much’: Primark reopening prompts party atmosphere in Belfast
Shoppers and dignitaries gather to welcome one of our most beautiful and iconic buildings
No winter gas shortages, EY and Irish vote on split, and working until you’re 70 for a higher State pension
Business Today: the best news, analysis and comment from The Irish Times business desk
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