Out of Office: Soaring insolvency levels and falling housing investmentThe Business Post gets you up to date with the big stories of the day
Retail Primark parent injects €210m into PenneysCompany filings show Associated British Food has pumped significant amounts of money into company that operates Penneys in recent months
Companies Primark to invest more than £100 million in British shopsThe company has also announced the opening of a new distribution centre in the United States
Companies Underlying sales growth slows at Penneys over busy Christmas periodThe British clothing retail chain posted like-for-like sales growth of more than 2 per cent, which was considerably weaker than the previous quarter
Companies Profit increases to £1.5bn at Penney’s owner despite higher cost inflation Group revenue at Associated British Foods increased 15 per cent to almost £20 billion for its 2023 financial year
Retail Penneys launches new collaboration with ‘life-long’ fan Rita OraBritish pop star spent two years working with the fast-fashion retailer before launching new line
Retail Penneys topped €693 million in Irish sales last yearIn the accounts the company said it plans to invest over €250 million in Ireland over the next nine years
Companies Penneys owner expects operating profit to be ahead of last yearRevenue in the year to date is £14.3 billion
Retail It’s official – Ireland has hit peak Penneys The popular clothing retailer now has stores in 20 counties and is looking to evolve, update and refurbish them rather than open more
Retail Penneys makes landmark €16m investment in Dundrum Town CentreThe move to a bigger store in the shopping centre has created 130 jobs, bringing the total headcount at the store to 360
Stock Take Ellie Donnelly’s Stock Take: Reports of High Street’s demise may be greatly exaggerated Recent results show online retailers are struggling compared to their bricks and mortar rivals
business No plans for Penneys click and collect in Ireland even as Primark extends service in BritainPrimark’s margin fell to 8.3% in the six months to March, down from nearly 12% a year earlier, according to its owner Associated British Foods
Retail Penneys owner AB Foods raises outlook to forecast profit margin of 8%Associated British Foods expects half year revenues to be up 16 per cent year on year
Retail Penneys will open Bray store in first ever Wicklow outletThe retailer will be the anchor tenant at the newly-opened Bray Central shopping centre
Companies Primark, Penneys sales up 15% after record Christmas salesAssociated British Foods, which owns Primark and Penneys, said consumer spending had proven more resilient than expected
Retail Still no online shopping at Penneys despite new Irish websiteThe company’s page will allow customers to check stock in local outlets. The retailer has traditionally shunned online sales
Companies Primark Ireland pays out €475m dividends even as after-tax profits fall 71%Company suffered a hit to retail sales due to pandemic but accumulated profits rose to €1.3bn
Vincent Boland: Naive Cameron’s bromance ends in controversy and recriminationThe scandal currently consuming David Cameron is an example of what can happen when a financier with a big idea encounters a captive audience unable to figure it out
Emer McLysaght: Your no-fail, pandemic-proof, realistic predictions for 2021 Phone cases with ‘Kiss Me, I’m Vaccinated‘ on them and other definitely-happening things to look forward to