Week in data: Primark H1, JD Sports acquisition, Express bankruptcy [Yahoo! Finance]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Yahoo! Finance
Primark delivers strong H1 with sales up 7.5% UK fashion retailer Primark, which is owned by Associated British Foods has reported a 7.5% surge in H1 revenue (24 weeks ended 2 March 2024) to £4.5bn ($5.56bn) compared to £4.2bn in the same period the year before. The retailer credits its success to continued growth in selling space with newly opened stores. It also noted like-for-like sales were up 2.1% and this was driven by good performance across most markets due to pricing and well-received product ranges. Associated British Foods chief executive George Weston admitted the consumer is yet to fully emerge from cost of living pressures, however he maintained the group is well positioned to deliver good returns to shareholders. Primark plans to expand its Click + Collect service to all UK stores by the end of 2025 following an 18-month trial with Primark's chief executive Paul Marchant stating: "We're now confident that we've found a model that can do both and support us with
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News
- 2024's Retail Distress List is Growing, Experts Say [Yahoo! Finance]Yahoo! Finance
- Express files for bankruptcy; closing more than 100 stores [CNN]CNN
- Express bankruptcy means 95 store closures in 30 states and DC: Here are the numbers [FOX Business Network]FOX Business Network
- Retailer Express files for Chapter 11 bankruptcy protection [FOX Business Network]FOX Business Network
- Express files for bankruptcy; closing more than 100 stores [Yahoo! Finance]Yahoo! Finance
EXPR
Earnings
- 11/30/23 - Miss
EXPR
Sec Filings
- 5/6/24 - Form NT
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- EXPR's page on the SEC website