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MoneyPrimark finding life tough as festive shopping gets into full swing

13:40  07 december  2018
13:40  07 december  2018 Source:   msn.com

Bernardo Silva relishing Man City's festive fixture pile-up

Bernardo Silva relishing Man City's festive fixture pile-up Manchester City are amid a run of 13 games in six weeks but Bernardo Silva welcomes England's traditional busy Christmas period.

Amazing fashion, Amazing prices - adored by fashion fans and value seekers alike Primark is widely established as the destination store for keeping up with the latest looks without breaking the bank. We have found 0 results for

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Primark finding life tough as festive shopping gets into full swing © Provided by The Press Association Times are tough at Primark (PA)

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Primark owner Associated British Foods (ABF) has warned that trading at the budget retail chain in the run-up to Christmas has been “challenging”.

The group said that in November the market has been “tough”, but stuck to its expectation for an increase in profits at Primark as a result of careful inventory management and improved margins.

Bernardo Silva relishing Man City's festive fixture pile-up

Bernardo Silva relishing Man City's festive fixture pile-up Pep Guardiola's side are amid a run of 13 games in six weeks, but their Portuguese playmaker welcomes England's traditional busy Christmas period

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Retailers had been hoping for some festive cheer over the critical Christmas trading period, the high street’s busiest time of year by a distance, following a catastrophic 2018.

Primark finding life tough as festive shopping gets into full swing © Getty

Several big names including House of Fraser, Toys R Us and Maplin have gone bust, with scores of other retailers enacting store closure programmes.

ABF chairman Michael McLintock said that Primark’s expansion will continue, with its 364th store opening in Belfast on Saturday. It follows the destruction of its existing site in a fire in August.

Last month, ABG reported that like-for-like sales at Primark fell 2.1% in the year to September as bad weather weighed on trading in Europe.

In grocery, ABF expects an improvement in profit from a margin increase in its Australian and UK businesses, but profits at the firm’s sugar unit will be “significantly lower”, reflecting the effect of EU sugar prices.

Jodie Whittaker channels 'Doctor Who' legend Tom Baker in first look at festive episode

Jodie Whittaker channels 'Doctor Who' legend Tom Baker in first look at festive episode In a nod to one of the truly great – if not perhaps the greatest – Time Lord of all time, Jodie Whittaker has grabbed an iconic piece from the Tardis’s cloakroom. The first look at this year’s festive episode of Doctor Who finds her sporting a beautifully-striped scarf to keep the winter chill at bay. And while show boss Chris Chibnall has promised that there will be none of the show’s infamous monsters seen in this new series, this attire harks back to the Doctor Who canon with a multi-coloured accessory like that worn by the legendary Tom Baker during his tenure as The Doctor. © Provided by Oath Inc.

3,140 reviews from Primark employees about Primark culture, salaries, benefits, work- life balance I loved my time at this Primark , I made some amazing life long friends and got on well with most of I started working here when the store first opened, It was a very busy shop and keeping the floor well

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The group also warned that sterling is expected to be “volatile given a period of intense Brexit negotiations”, but is not currently anticipating an impact on the company.

Mr McLintock said: “Taking all of these factors into account, at this early stage, we still expect adjusted earnings per share for the group for this financial year to be in line with the 2018 financial year.”

Watch: Mike Ashley tells MPs: 'The High Street is dead' (Press Association)

Affray in a manger! Fury as traditional Nativity display is banned by 'Grinch-like' shopping centre bosses over fears it would upset non-Christian visitors.
Church leaders have condemned the ‘Grinch-like’ Thistles shopping centre in Stirling for refusing to allow a Nativity scene this Christmas. 

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