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By Michael Susin Associated British Foods backed its fiscal 2024 expectations for its retail arm on the back of increased sales despite a slow start of the...

By Michael Susin Associated British Foods backed its fiscal 2024 expectations for its retail arm Primark, driven by a further improvement in a key margin,...

By Michael Susin AB Foods said it will provide further returns to shareholders after its fiscal 2023 profit rose, and that it expects fashion retailer...

By Michael Susin AB Foods shares rose in early trade on Tuesday--topping the FTSE 100 index--after the group launched another share buyback, a special...

By Michael Susin Associated British Foods raised its fiscal 2023 guidance for the second time on the back of robust sales growth across its categories and...

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....

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...

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

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

By Jack Denton Order Reprints Print Article 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, agricu...