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Parent company ABF says stronger US dollar and price rises helped boost its profits
The 25-store trial marks the retailer’s potential foray into online shopping
Companies analysis from our sister publication
Retail chain warns of ‘substantial and volatile’ cost inflation in year ahead
Weakness of sterling and euro against greenback raises costs for retail chain
Eoin Tonge had just recently been given added responsibility for strategy
Retailer will trial UK click-and-collect service as it reports quarterly sales growth 4% higher than pre-Covid
ABF seeks to mitigate impact of rising costs across its businesses
Plus, Evergrande’s overseas bonds in default, says Fitch and SEC prepares Spac crackdown
New capital allocation policy will return more cash to investors
Group plans to increase stores in America to 60 from 13 over five years
Plus, António Horta-Osório’s Credit Suisse power grab and Mohamed El-Erian
Fashion-chain owner Associated British Foods says profits to beat expectations as lower costs offset earlier sales decline
Fast-fashion chain bounces back with revenues above pre-pandemic levels while US rival retreats with closure of all UK stores
The UK group’s derided conglomerate model has displayed its risk-limiting value
Discount fashion retailer to continue with new store openings and repay furlough cash
Discount fashion chain to lose £1.1bn of sales in first half due to coronavirus-related store closures
Performances highlight gulf in UK retail as lockdowns hit store-based groups
Fashion chain reports strong trading in European stores since restrictions were lifted
Associated British Foods doesn’t pay a dividend; Telit still can’t escape Oozi Cats
Plea comes alongside news that clothing retailer’s owner plans to scrap dividend
Shares in consumer-facing groups plunge and Primark expects sales blow as fresh curbs loom
Unglamorous outlets trump flagship shops; ISS tries to bring airline bosses’ bonuses to ground
Discount fashion chain now has higher share of UK sales than before pandemic
International Edition
