Tag : Primark
Primark to pay factory wages Subscription
Primark has established a fund to cover the wages component of orders that have been cancelled.
Coronavirus: Primark bosses take salary cutsSubscription
Top bosses at Primark owner Associated British Foods (ABF) will temporarily cut their salaries by 50%, and will not receive dividends for the current financial year, in response to the fallout from the coronavirus crisis.
Primark is withholding quarterly rent payments, due today, on its leasehold properties in the UK in a bid to prompt ”urgent” conversations with landlords over ongoing rental terms.
Coronavirus: Primark cancels all new orders Subscription
Primark has written to suppliers asking them to put a halt on all current and future production and the purchasing of any materials for the retailer.
Coronavirus hits Primark European salesSubscription
Primark has announced that the closure of stores across Europe could lead to a loss of £190m in sales over the coming month.
Primark's masterclass in sustainabilitySubscription
Ensuring collaboration rather than competition, knowing your supply chains and investing in the future will drive sustainability in the fast fashion market, Katharine Stewart, ethical trade and environmental sustainability director at Primark, told Drapers Sustainable Fashion 2020 today.
Primark is considering relocating some manufacturing to non-Chinese factories as a result of coronavirus, John Bason, chief financial officer at the retailer’s owner Associated British Foods told Drapers.
Expansion boosts Primark revenues Subscription
Revenues at Primark are expected to be 4.2% ahead of last year for the 24 weeks to 29 February, driven by increased retail selling space – but it has warned of a potential impact from the coronavirus crisis on the supply of certain lines later this year.
Young fashion retailer Forever 21 has the potential to relaunch and make a “fresh start” in the UK under its new owners, the industry has told Drapers.
Primark to open first pop-up shop in BoxparkSubscription
Primark will open the doors to its first ever pop-up store at Boxpark in East London’s Shoreditch next week.