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AB Foods Raises FY23 View

By Michael Susin Associated British Foods on Tuesday raised its fiscal 2023 guidance on the back of improved sales growth across its categories. The U.K.. ....

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Tesco, UK Retailers Gain After Broker Upgrade -- Market Talk

Tesco tops the FTSE 100 risers at the close and other UK retailers also gain after Barclays reportedly upgraded the UK grocer. The bank increased its target. ....

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The Global Brands Coming to a Shopping Mall Near You

Some retailers now view U.S. expansion as the surest way to boost revenue amid a shaky global economy ....

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With $10 Dresses and No Selling Online, Budget Retailer Primark Is Taking On America

Primark, a chain popular across Europe, accelerates U.S. expansion after fine-tuning business model ....

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Store Closures Due to Covid-19 Will Cost This Retailer $1.4 Billion. It Still Won't Move Online.

By
Jack Denton
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The owner of retail giant Primark estimates that the loss of sales from store closures caused by the Covid-19 pandemic will cost the company £1.05 billion ($1.43 billion), as it moves to expand further into the U.S. market. Primark operates 11 stores in the U.S., mostly on the East Coast.
Shares in Associated British Foods, which owns Primark, rose 1% in London trading, as it reported results for its grocery, sugar, agriculture, and ingredients businesses that outpaced expectations.
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Store Closures Due to Covid-19 Will Cost This Retailer $1.4 Billion. It Still Won’t Move Online. ....

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