Associated British Foods Share Discussion Threads

[philanderer] 02/7/2020 13:57

Primark still refuses to embrace the internet despite coronavirus lockdown

[philanderer] 02/7/2020 10:52

Richard Hunter, head of markets at Interactive Investor, said: "The diversity of the AB Foods business model has taken some of the sting out of the effects of the pandemic. In particular, the grocery unit, previously responsible for 28% of operating profit, saw an increase in revenues in the third quarter of 9%, leading to a cumulative increase for the year of 3%.

"Meanwhile, the sugar and ingredients businesses also posted progress, with a slight decline at the smaller agriculture unit. This has fed through to operating profits which were ahead of the company's own expectations for grocery, agriculture and ingredients, with a material profit improvement in sugar, driven by higher EU sugar prices."

Alliance News

[philanderer] 02/7/2020 10:24

Primark presses ahead with new store openings

[philanderer] 02/7/2020 10:22

Coronavirus: Primark orders £1bn in fashion stock after 'encouraging' re-opening

Associated British Foods signals confidence in demand among shoppers ahead but forecasts a slump in Primark profits.

[gateside] 02/7/2020 08:15

I thought the trading update was good, but not that good. Very glad to see it up though!

[philanderer] 01/7/2020 17:11

Trading update tomorrow.

[csmwssk12hu] 01/7/2020 15:12

If you are curious whether people are shopping or not go on google search Trafford centre scroll down and it will show you footfall for the time of day, every time I have looked for the last week it shows approximately twice as busy as normally expected, Primark sales figures will be with us tomorrow, any guesses what it will be? Obviously noting while they were shut but have feeling phenomenal since opened all imho dyor

[philanderer] 30/6/2020 00:18

Coronavirus Scotland: Giant queues form at Glasgow & Edinburgh Primark stores from 4am as non-essential shops reopen

[witheco] 29/6/2020 11:19

Add 1890 - let's see what happens.

[suetballs] 26/6/2020 14:29

Impact on Primark in Intu shopping centres?
Suet

[zcaprd7] 15/6/2020 21:30

https://www.telegraph.co.uk/fashion/brands/primania-returns-primark-must-visit-first-day-shops-reopening/

[tlobs2] 15/6/2020 10:17

This Morning (ITV) reporting lots of shoppers out and about this morning along with reports of queues outside Primarni stores :-)

[philanderer] 14/6/2020 23:57

'Woe for retailers as half of shoppers could stay at home'

As more stores reopen, exclusive poll suggests many feel uncomfortable at the idea of browsing aisles

[danj1975] 14/6/2020 08:58

Primary should be reopening tomorrow all being well, let's hope it's as popular as McDonald's!

[livewireplus] 12/6/2020 14:45

Off to the Worlds Biggest Primark in Birmingham .... ?

[philanderer] 12/6/2020 13:48

Primark gives shoppers a glimpse of what their reopened 'Covid secure' shops will look like next week - but fitting rooms and toilets are staying shut for now

[tlobs2] 12/6/2020 12:49

LOL, two of my daughters workmates have just booked a days holiday for Monday so that they can visit Primark for gawd sake!

[tlobs2] 10/6/2020 09:34

If the reopening of all the Primark stores next week goes like the McDonalds reopening they'll be long queues outside and once they are in they will be buying three times as much as they need when they are in there!

[suetballs] 07/6/2020 18:00

Not very good for PR.
Bet they only paid the landlords of the more successful stores.
Suet

[philanderer] 07/6/2020 17:32

Primark gags landlords on secret rent payments

Primark is paying rent to a select group of landlords, but has forced them to sign gagging orders — after it refused to pay millions of pounds to others.

In March, the discount fashion retailer — owned by Associated British Foods, backed by the billionaire Weston family — withheld a reported £33m of quarterly payments due to landlords, the day after it shut 376 stores across 12 countries due to Covid-19, including 189 in the UK. The company, which pays about £125m rent a year, announced that for every month of closure, it would lose about £650m in sales.

[suetballs] 05/6/2020 10:56

£20 breached - first hurdle overcome.
Suet

[lako42] 01/6/2020 16:16

Only one thing worse that getting Covid and that's getting it at Primark

[tlobs2] 01/6/2020 13:59

Including the new Manchester Mega Store at the Trafford Centre :-)