Penneys: latest news, insights & analysis | Checkout Magazine

AB Foods Earnings Fall 40% On Primark's COVID-19 Hit

Associated British Foods has reported a 40% fall in full-year earnings, with a COVID-19 related hit to profit at its Primark clothing business outweig...

Penneys-Owner Sees €416.6m Loss Of Sales From Lockdowns

Associated British Foods, the owner of clothing retailer Primark, which trades as Penneys in Ireland said it estimated it would lose €416.6 milli...

Associated British Foods Raises Guidance After Post-Lockdown Trading Exceeds Expectations

Associated British Foods said that it expects full-year profit at Primark, which trades in Ireland as Penneys to be at least at the top end...

Primark Rejects £30m UK Bonus For Bringing Back Staff

Primark, the fashion retailer owned by AB Foods, said on Sunday it would not take advantage of a British government scheme to pay employers for bringing ba...

Dealz Announces Plans To Open Three New Irish Stores

Dealz has announced that it is set to open an additional three new Irish stores, bringing its portfolio in Ireland to 100 stores. Located in Dublin, Cor...

Penneys Owner Omits Dividend To Save Cash In Coronavirus Crisis

Penneys owner Associated British Foods said it would not pay an interim dividend to save cash and could not provide full year 2019-20 earnings gu...

Penneys Owner Commits To Paying For €424m Of Orders During Coronavirus Crisis

Penneys which trades outside Ireland as Primark has committed to pay suppliers for €424 million (£370 million) of orders, though all its stores...

Penneys Pays 5,000 Staff 80% Of Salary While Stores Remain Shut

Penneys has said that it will pay its 5,000 retail employees in Ireland 80% of their salaries for the next month, at which stage it will review again....