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Tag: Primark

Primark launches national in-store recycling

The new initiative means customers’ donations of pre-loved clothes from any brand will be reused, recycled or repurposed. No donated items will go to landfill. Collection boxes will be available in Primark’s 190 stores across the UK.  The retailer has partnered with sustainable solutions consultancy Yellow Octopus to launch the scheme. Yellow Octopus will pay …

Primark launches national in-store recyclingRead More

Primark loses £800m in Covid-19 lockdowns | Business

Coronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues fell by 75% between 1 March to 20 June, to £582m, Primark’s owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. The figures underline the difficulties faced by the retail sector, with …

Primark loses £800m in Covid-19 lockdowns | BusinessRead More

Primark announces wage fund for garment workers | Global development

Primark, one of the UK’s most popular retailers, has announced it will create a fund to help pay the wages of the millions of garment workers affected by its decision to cancel tens of millions of pounds worth of clothing orders from factories in developing countries across the world. The pledge followed sustained criticism of …

Primark announces wage fund for garment workers | Global developmentRead More

Primark withholds £33m rent on its closed UK stores | World news

Primark has refused to pay £33m in rent to its landlords after the closure of its UK stores due to the coronavirus outbreak. The payment, which was due on Wednesday, was meant to cover rent and service charges for two thirds of its 189 UK stores over the next three months. But Associated British Foods, …

Primark withholds £33m rent on its closed UK stores | World newsRead More

Primark warns of sales hit after coronavirus store closures | World news

The UK retailers Primark and Kingfisher have warned the coronavirus pandemic will hit sales after store closures in Europe, while the betting company Flutter issued a profit warning and warned of “unprecedented” times. The owner of the fashion chain Primark, Associated British Foods, said 72 stores accounting for 20% of selling space are now closed …

Primark warns of sales hit after coronavirus store closures | World newsRead More

Primark owner says coronavirus threatens clothing supplies | Business

Primark’s owner, Associated British Foods, has warned there is a risk of shortages of some clothing lines later this year if delays in factory production in China are prolonged because of the coronavirus. The virus has killed more than 2,400 and infected more than 77,000 people in China, and slowed growth in the world’s second …

Primark owner says coronavirus threatens clothing supplies | BusinessRead More

Primark sales down after challenging Christmas for UK retail | Business

Sales at Primark’s UK stores went backwards at Christmas in a further sign of the toll taken on fashion retailers by grim market conditions over the traditionally lucrative trading period. The no-frills fashion chain suffered a “marginal” decline in underlying sales and said it would only open one store in the UK this year – …

Primark sales down after challenging Christmas for UK retail | BusinessRead More

Human bone found in Primark socks not crime-related, police say | UK news

A piece of human bone found in a pair of socks bought from a branch of Primark has not been linked to a crime, police have said. The socks were bought from the Colchester store on 10 December last year and the matter was reported to police on 2 January. The bone was believed to …

Human bone found in Primark socks not crime-related, police say | UK newsRead More

Primark ramps up US ambitions as sales defy high street gloom | Business

Primark is to step up expansion in the US and move into Poland after reporting a rise in annual sales that defied a difficult period for clothing retailers around the world. The cut-price clothing chain, which does not sell online, said sales were up 4% and it planned to open 19 stores around the world …

Primark ramps up US ambitions as sales defy high street gloom | BusinessRead More

Uber must soon face up to task of picking up some serious money | Nils Pratley | Business

Uber was smart to get itself listed on the New York stock exchange before the WeWork fiasco. There’s now a much-needed mood of scepticism on Wall Street towards cash-burning companies whose horizon for profitability stretches into the middle distance. Uber might find it harder today to raise $8bn (£6.2bn) at a whizzy valuation. As it …

Uber must soon face up to task of picking up some serious money | Nils Pratley | BusinessRead More