Primark, Asos See Positive Signs Ahead [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
a year ago at the struggling fast-fashion chain Asos are starting to show some green shoots. The store rollout across Europe and the U.S. at value retailer Primark is expected to provide it with mid-single digit sales growth in 2025, its parent company Associated British Foods (ABF) said on Tuesday. More from Sourcing Journal This Is Why BuyBuy Baby Stores Had to Close Trade Credit Risks Rise as Corporate Debt Levels Jump Primark Plans to Open First Manhattan Store “Our low-cost model is as strong as ever, as we maintain our relentless focus on delivering great-value clothing and a unique store experience. This is underpinned by a step up in investment in strategic initiatives across digital, product and brand,” ABF CEO George Weston said. “Significant white space for new stores remains across Europe and the US, which we expect to help drive sustainable growth over the medium and long term.” For the year ended Sept. 14, revenue grew 6 percent to 9.45 billion pounds ($12.
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