John Lewis is expected to follow Primark in rejecting a government grant of £14 million to bring furloughed staff back to work. Under a scheme introduced by Chancellor Rishi Sunak, firms are being given £1,000 for every worker they bring back into work, even if the company is already up and running following the coronavirus … Read more
Primark is expected to reject around £30million in ‘bonuses’ from the government for bringing back furloughed staff, it emerged today. The retail chain will reportedly shun the huge payout unveiled by Rishi Sunak last week as he desperately battles to avoid a wave of redundancies. The firm had furloughed 30,000 staff and is said to … Read more
Fast fashion drives recovery at Primark as crisis costs it £600m with sales for the past quarter plummeting 75% By Daily Mail City & Finance Reporter Published: 21:50 BST, 2 July 2020 | Updated: 22:02 BST, 2 July 2020 Sales at the fast fashion retailer Primark’s stores are recovering well after the Covid-19 pandemic cost … Read more
Teaching unions were today accused by MPs of running a ‘disgraceful political campaign’ to keep classrooms closed by making parents fear they are ‘deathtraps’ when children can now go to Primark but not to school. Rowing broke out as the heads of the four main teaching unions appeared before the Education Select Committee to discuss … Read more
The first thought that occurred to me as I saw the crowds queuing to get into shops yesterday morning was: Why aren’t they at work? Some of the bargain hunters jostling outside Nike Town, on London’s Oxford Street, looked as if they’d come straight from a Black Lives Matter demo. Queue jumpers tried to force … Read more
Britain’s high streets are preparing for a manic Monday as some of Britain’s biggest chains have revealed their plans to throw open their doors once again and kick-start town and city centres across the country in the wake of the coronavirus lockdown. Major high street retailers such as Primark, John Lewis, and JD Sports are … Read more
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 Boss confirms there will be no discounts or sales at reopened stores Wide array of social distancing measures being implemented by retailer They include plastic screens, floor markings and … Read more
MARKET REPORT: Primark owner Associated British Foods soars as restrictions are lifted on ‘non-essential’ stores By Matt Oliver For The Daily Mail Published: 21:50 BST, 1 June 2020 | Updated: 22:12 BST, 1 June 2020 Primark’s owner was cheered by investors yesterday as it became the latest major chain to announce reopening plans. In line … Read more
The UK’s high street woes continue amid the coronavirus lockdownas 68,000 Primark staff are furloughed across Europe and Cath Kidston’s 60 stores face permanent closure. The owner of budget fashion firm Primark also revealed a £248 million hit for unsold stock as all its stores remain shut. Associated British Foods boss George Weston said the … Read more
Primark confirms furloughing of 68,000 staff as sales go from £650m a month to zero after retailer forced to close all stores by virus lockdown 68,000 Primark workers across Europe have been furloughed Primark expects to take a £284million hit from unsold stock ABF is seeking to speak with landlords to get help with their lease … Read more