•   
  •   

UK News Primark sales hit by pingdemic: Chain gears up for click and collect

03:30  14 september  2021
03:30  14 september  2021 Source:   dailymail.co.uk

Lorry driver crisis: Ikea sees shortages on 1,000 products

  Lorry driver crisis: Ikea sees shortages on 1,000 products The Swedish furniture giant has become the latest company to experience disruptions to their supply chain as it struggles to cope with the HGV driver shortfall.The Swedish furniture giant has become the latest company to experience disruptions to their supply chain as it struggles with shortages on around 1,000 products.

Sales at Primark slumped by as much as a quarter during some weeks over the summer period, as the “ pingdemic ” in the UK and impact of the Covid-19 pandemic in European markets kept shoppers at home. Shares in Primark ’s parent company Associated British Foods dropped by 3% on Monday “In the UK our sales were affected by the rapid and significant increase in late June and early July in the number of people required to self-isolate following contact tracing alerts, the ‘ pingdemic ’,” Primark said. Sales at its European stores were affected by pandemic restrictions on tourism and travel

Primark owner Associated British Foods (ABF) has said sales at the discount fashion chain were “lower than expected” in recent months after footfall was affected by rising coronavirus cases. However, the group also upgraded its profit guidance for the past year as Primark benefited from lower store labour and operating costs in the latest quarter. Primark is expected to reveal sales worth around £3.4 billion for the half-year to September after momentum was dented slightly in the summer, the company said.

a woman wearing a dress: MailOnline logo © Provided by This Is Money MailOnline logo

Summer sales at Primark were disrupted by the ‘pingdemic’ as coronavirus kept shoppers away from the High Street.

The fashion retailer hailed a record-breaking return of shoppers over the spring as lockdowns were eased.

But yesterday it said the Delta variant slammed the brakes on the rebound in June, July and August, as more people were told to isolate by the NHS app.

a woman posing for a picture: ( © Provided by This Is Money (

The trading update sent shares in Primark-owner Associated British Foods down 2.4 per cent, or 46.5p, to 1923.5p, making it one of the FTSE 100’s worst performers.

Celebrity kids going to college this year

  Celebrity kids going to college this year Going to college is always a special occasion, for both parents and children, and celebrities are no exception. While some famous parents are experiencing empty nest syndrome, their kids are probably having the time of their lives. In this gallery, we look at the children of celebrities who are either starting college this year or returning to their dorms for yet another academic year. Browse through the following gallery discover which celebrity kids are headed to college.

Primark is expected to reveal sales worth around £3.4 billion for the half-year to September after momentum was dented slightly in the summer, the company said. The retail chain saw “very strong trading” in the third quarter after reopening stores but was hit by a change in consumer sentiment as more people Meanwhile, ABF’s grocery revenues are expected to be ahead of last year, receiving a boost from growth in its Twinings and Ovaltine drinks businesses. It added that its AB World Foods, Silver Spoon and Westmill businesses saw sales significantly ahead of pre- pandemic levels and continued their

Primark owner Associated British Foods (ABF) has said sales at the discount fashion chain were “lower than expected” in recent months after footfall was affected by rising coronavirus cases. However, the group also upgraded its profit guidance for the past year as Primark benefited from lower store labour and operating costs in the latest quarter. Primark is expected to reveal sales worth around £3.4 billion for the half-year to September after momentum was dented slightly in the summer, the company said.

Primark also unveiled plans for a major upgrade of its website, which will stop short of letting customers buy online but could pave the way for click and collect services in future.

John Bason, finance director at ABF, blamed the summer sales slump on shopper fears about ‘crowded places and going out’ as the ‘pingdemic’ of NHS alerts swept through Britain. Bad weather and the Euro football tournament also hit sales.

It meant that at one point Primark’s UK sales were as much as 24 per cent below 2019 levels, although that has eased off to an 8 per cent shortfall in the last four weeks after isolation rules were relaxed.

Primark suffered from the same issues in Europe, with Spain, France and Portugal hit by a drop in international tourism and tightening restrictions.

7 kids' looks in the Nordstrom summer sale that Princess Charlotte would love

  7 kids' looks in the Nordstrom summer sale that Princess Charlotte would love Kate Middleton's daughter Princess Charlotte has worn British brand Mini Boden - and you can shop the royal approved kids' label now at Nordstrom on saleSo you'll be happy to hear that we’ve found one of the Duchess of Cambridge’s go-to children’s brands, Mini Boden, in the big summer sale at Nordstrom.

Sales at Primark slumped by as a lot as 1 / 4 throughout some weeks over the summer season interval, because the “pingdemic” within the UK and affect of the Covid-19 pandemic in European markets saved consumers at residence. Shares in Primark ’s mother or father company, Associated British Primark stated that firstly of the fourth quarter of its monetary year gross sales plummeted 24% in contrast with pre- pandemic ranges in 2019. “In the UK our sales were affected by the rapid and significant increase in late June and early July in the number of people required to self-isolate following contact

Primark has revealed it suffered a "pingdemic" sales slump over the summer - and is now facing supply chain delays for its autumn and winter stock. The cut-price fashion retailer's UK like-for-like sales were down by 24% compared with last year over a four-week period from mid-June, though they have partly recovered since self-isolation rules were eased. They were set out as part of a trading update from the retailer's owner Associated British Foods (ABF) which also showed how supply chain difficulties were affecting it.

The retailer is expecting to report sales of £3.4billion in the six months to September 18, up from around £2billion over the same period last year when business was hit by the first lockdown.

Primark, which employs 65,000 staff, has lost out on more than £3billion in sales and £1billion in profits during the pandemic, due to its stores being kept shut for long periods by lockdown measures.

Bason said: ‘If you look at footfall in June and July, there was a big decline but that has rebounded as we have gone through July and August and we now expect a fast recovery back to pre-Covid levels.

‘What you had was a worry about crowded places and about going out but we are not seeing that any more.’

With sales bouncing back, leggings, cycle shorts and seam-free matching separates for women are flying off the shelves, as the pandemic trend of ‘comfort living’ continues.

And Primark is preparing to overhaul its website so that customers can more easily see which clothing ranges can be bought at different stores.

Downing Street says empty shop shelves 'should' be full by Christmas

  Downing Street says empty shop shelves 'should' be full by Christmas Downing Street has hit back and said to expect 'a normal Christmas' with fully-stocked shelves as industry experts warned consumers could see 'permanent shop shortages' in the future. Whitehall insiders remain confident people will be able to enjoy 'a normal Christmas' with fully-stocked shelves in the shops.

Associated British Foods said fourth quarter sales at its Primark fashion business were lower than expected, with shopper numbers hurt by public health measures in its major markets to control the spread of Covid-19 and the Delta variant in particular. Despite the shortfall in Primark 's sales the group still raised its profit outlook for the full 2020-21 year, reflecting strong profit margins at the fashion business, due to a significant reduction in labour and store operating costs, and a robust performance from its food and sugar operations.

Before the pingdemic hit , sales were 3 per cent up in the third quarter on two years ago, reflecting strong trading in the UK and European regions where stores had reopened. Primark owner Associated British Foods has revealed that four quarter sales were lower than expected with the pingdemic keeping UK shoppers at bay. In Europe, AB Foods said sales in the fourth quarter were impacted by the performance of stores in Spain and Portugal where the decline of foreign tourism caused by restrictions in international travel reduced footfall.

This is part of a wider revamp that will involve a bigger online marketing push by the company, which has 24m social media followers but has never allowed internet shopping.

That is expected to continue for the foreseeable future. Primark maintains that the ultra-low prices it offers in stores means online deliveries would not be profitable – but the change does potentially pave the way for it to introduce click and collect services eventually. Bason pointedly refused to rule that out, saying: ‘One step at a time.’

Alongside the summer sales slowdown, Primark said it had also suffered disruption to its supply chain. Deliveries of its autumn and winter products had been delayed by weeks.

But Bason insisted this would pose no problems for the Christmas period, adding: ‘We are not immune to the supply chain problems, but this is not going to have an impact on our Christmas inventories.’

ABF enjoyed a strong fourth quarter for its sugar business, with sales 7 per cent ahead of last year.

Read more

Economy faces new pingdemic (if the gloom squad get their way) .
In a controversial move, modellers for the British Government's Sage advisory group advised a revival of the system that forced all close contacts of confirmed cases to self-isolate.In a controversial move, modellers for the Government's Sage advisory group advised a revival of the system that forced all close contacts of confirmed cases to self-isolate – even if they were double-jabbed.

usr: 4
This is interesting!