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Associated British Foods

ABF says it keeps costs lower through efficient store distribution and economies of scale. Image courtesy Primark

ABF still confident in store-only Primark model – despite missing out on estimated £2bn in sales during lockdowns

Strategy and Innovation
by Chloe Rigby
Primark missed out on an estimated £2bn in sales while its stores were closed for Covid-19 lockdowns and trading restrictions during its last financial...
Associated British Foods Covid-19 digital strategy lockdown Online Primark store-only
Image: Adobe Stock

EDITORIAL Card Factory and Watches of Switzerland on rewards of multichannel; Primark on store-only retailing

Editorial
by Chloe Rigby
Today’s InternetRetailing newsletter comes as retailers from Card Factory to Watches of Switzerland show the value ecommerce has added to their businesses over the...
Associated British Foods BRC-KPMG Retail Sales Monitor Card Factory Primark Rakuten Advertising Watches of Switzerland
Primark's Bullring store features cafes and restaurants

Primark reports record sales in England and Wales in the week after opening from lockdown – and plans digital investment to support store expansion plans

Location
by Chloe Rigby
More than half of its individual stores broke their own sales records, says Associated British Foods (ABF), as shoppers returned in-store at a time...
Associated British Foods Primark
Primark's Bullring store features cafes and restaurants

Primark first-half sales on track to fall 40% but the retailer still expects to break even and to flourish once store reopen

Location
by Chloe Rigby
First-half sales at Primark are expected to be 40% – or £1.5bn – down on the same time last year after Covid-19 lockdowns forced...
Associated British Foods Primark

It’s right for store-only Primark to remain closed until Covid-19 is suppressed – despite the financial cost, says ABF chief executive

COVID-19
by Chloe Rigby
Associated British Foods (ABF) chief executive George Weston today set out his support for keeping its Primark shops shut in the UK, US and Europe...
ABF Associated British Foods coronavirus Covid-19 Primark
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