• Primark reports record Christmas sales

    9 days ago - By Fashion United

    Image: Primark store
    Primark, part of Associated British Foods plc said in a trading update that footfall during the Christmas period was strong in both the UK and the Eurozone, and sales were 18 percent ahead of last year at actual exchange rates and 15 percent at constant currency to 3.15 billion pounds.
    The company's like-for-like sales were 11 percent ahead, supported by higher unit volumes, higher average selling prices and a normalised level of markdown.
    However, it said in a statement that early trading in this new calendar year has been encouraging but macro-economic headwinds...
    Read more ...

     

  • Myer posts strong sales growth

    9 days ago - By Fashion United

    In a trading update for the period to December 31, 2022, Myer Holdings Limited said, in comparison to corresponding prior periods not affected by Covid, total sales were up 18.9 percent versus first half of 2020, and up 14.3 percent versus 2019.
    Myer currently expects its first half net profit after tax to be between 61 million Australian dollars and 66 million Australian dollars, up between 89 percent and 104 percent over the same period in 2022, or between 54 percent and 67 percent higher than first half of 2020 pre-Covid.
    Commenting on the trading update, Myer CEO, John King, said: “The...
    Read more ...