Associated British Foods announced its interim results on Tuesday covering the 24 weeks to the beginning of March, and they showed that the company’s Primark chain is continuing to prosper while its baby steps into digital are paying off. Primark Revenue at the business rose 6% to £4.5 billion, a 7.5% rise at constant currency. … Read more
Rita Ora is pushing ahead with her move beyond the entertainment industry into the products sphere and fresh from her very successful collection with Primark has now launched her own haircare line. Rita Ora and Anna Lahey – Photo: Typebea The British/Albanian singer is one of several music stars to have moved into the beauty … Read more
By Reuters API Published Mar 14, 2024 Clothing retailer Primark is set to expand its click & collect trial into more stores and possibly to markets beyond Britain, its boss said on Wednesday. Reuters Primark, unlike most of its rivals, does not offer home delivery but is trialling a click & collect service in 57 … Read more
By Reuters API Published Feb 23, 2024 Zara owner Inditex, the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. Reuters The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Sweden’s H&M … Read more
By Reuters API Published Feb 16, 2024 European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have rerouted container vessels away from … Read more
By Reuters API Published Jan 30, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M H&M, which sold more than $22 … Read more
By Bloomberg Published Jan 23, 2024 Fast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc, in the latest expansion of his property portfolio. Ortega – Reuters Ortega’s Pontegadea Inversiones SL paid about €250 million ($272 million) for the facility in Burnaby, southeast of Vancouver, according to a company … Read more
By Reuters API Published Jan 12, 2024 Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega the funder of Inditex – Reuters Ortega, the founder of fashion group Inditex, which owns Zara, … Read more
By Bloomberg Published Dec 14, 2023 European clothing retailers Zara, Primark and Mango are making further inroads into the US interior via mall openings as they target areas with faster population growth than on the coasts.States such as Utah, Colorado and Tennessee have become a “very relevant” demographic for Zara, according to Spanish owner Inditex … Read more
