• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Primark to open stores this months

1st June 2020

Primark to open stores this months Pin It

As country emerges from the quarantine Primark announced that it will open its stores in Britain this month. Parent company Associated British Foods (ABF) wants to be able to receive customers in all English stores of the clothing chain in two weeks time. Primark is still awaiting government approval for its stores in Wales, Scotland and Northern Ireland. Primark opened stores in the European Union in early May.

With the reopening of the English stores, Primark has reclaimed 79 percent of all retail space. That is now about 34 percent. The reopening schedule is faster than Primark expected. This should ensure that the company will receive considerably more money in the second half of the year.

Primark calls sales in stores that have already opened “both reassuring and encouraging.” Parent company ABF lost £ 650m, about € 723m, per month when all Primark stores closed. Primark had previously had to write off on unsold clothing. The company now has £ 1.5 billion in inventory.

The ABF branch that sells breakfast cereals is doing better than expected. The sugar branch is struggling again.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Farms are getting bigger…

In Domestic Affairs

Farms are getting bigger as smaller milk companies are dying off

View Post

Next Post

IATA pathetic "Takeoff" plan makes…

In Foreign Affairs

IATA pathetic "Takeoff" plan makes face masks mandatory

View Post

In Money Matters

Just Eat Takeaway may become active in the grocery delivery market

View Post

In Money Matters

EasyJet operated at 14 percent capacity in the last six months

View Post

In Money Matters

Royal Shell asked shareholders for opinion on the ‘green plan’

View Post

In Money Matters

Dutch company acquires Sentinel Performance Solutions

View Post

Newsletter

Latest News

View

Brexit causes a massive HR re-distribution among financial specialists

18th April 2021

View

Jack Ma considers divestment from ANT Group

18th April 2021

View

Europeans are concerned about personal data use in GB

16th April 2021

View

EU and UK remain committed to resolve the trade issues

16th April 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]