Primark commits to paying for 370 million pounds of orders during coronavirus crisis [Reuters]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
abf.co.uk/investorrelations
Company Research
Source: Reuters
Primark commits to paying for 370 million pounds of orders during coronavirus crisis LONDON (Reuters) - Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic. All of Primark’s 376 stores in 12 countries have been closed since March 22, representing a loss of 650 million pounds of net sales per month. The retailer, owned by Associated British Foods ( ABF.L ), had previously only committed to paying for orders that were in transit or booked for shipment by March 18. However, it said on Monday that following talks with suppliers it would pay for an additional 370 million pounds of orders that were either in production or finished, and planned for handover by April 17. The new commitment brings Primark’s total stock both owned and committed to nearly 2 billion pounds while its stores remain closed. Primark said on March 23 it had informed suppliers that it would stop placi
Show less
Read more
Impact Snapshot
Event Time:
ASBFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ASBFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ASBFY alerts
High impacting ASSOCIATED BRI/F UNSP/ADR news events
Weekly update
A roundup of the hottest topics
ASBFY
News
- Primark owner to raise game in explaining merits of food businesses, CEO says [Reuters]Reuters
- Primark owner to raise game in explaining merits of food businesses, CEO says [Yahoo! Finance]Yahoo! Finance
- Tiger Nuts Market To Reach USD 371.7 Million By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Is Associated British Foods (ASBFY) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- H&M, Boohoo to face UK probe over fast fashion footprint [Yahoo! Finance]Yahoo! Finance