×
183
Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
Jan 14, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

AB Foods says warm weather stalled Primark sales

By
Reuters
Published
Jan 14, 2016

Associated British Foods said on Thursday unusually warm winter weather meant sales at its Primark discount fashion chain stalled in the nine weeks to Jan. 2, a drop shrugged off by the fast-growing retailer as a temporary blip.

Primark


Britons avoided buying winter clothes during some of the country's mildest November and December temperatures, with retailers Next Plc and Marks and Spencer Group blaming the weather for disappointing sales before Christmas.

Primark sold fewer coats, hats, scarves and thermal clothes, causing sales at shops open more than a year to fall in the nine weeks to Jan. 2 compared with the same period the year before.

Shares in AB Foods, which also has major sugar, grocery, agriculture and ingredients divisions, traded down 0.8 percent to 3,020 pence at 0856 GMT. Since hitting an all-time high in early December, the stock has lost 16 percent on concerns about the impact of the weather.

But the picture for the 16-week period to Jan. 2 was mixed, with Primark saying it posted "strong" like-for-like sales growth in the first seven weeks.

AB Foods finance director John Bason said the weaker pre-Christmas performance was nothing to worry about.

"Footfall was fine ... It's specific to those weather related items," he told Reuters. "We'll move on from that."

On a total sales and constant currency basis, Primark's sales climbed 7 percent over the 16 week period, in line with the increase in selling space from new shops, including in the United States and Spain.

Primark plans to open six more stores in the United States this year and will also open its first outlet in Italy in the summer, building on its portfolio of 299 shops, of which 166 are in Britain.

For its 2015/16 financial year, AB Foods stuck with its current forecast for a modest decline in adjusted operating profit, brought about by currency pressures.

The group on Thursday also reiterated expectations for an improvement in sugar profits in 2017.

© Thomson Reuters 2022 All rights reserved.