BERLIN, Jan 16 (Reuters) – Associated British Foods
expects improved profitability at its Primark discount fashion
chain to offset a weaker than expected performance at its sugar
unit this year.
The company’s trading update on Thursday said that a strong
Christmas helped Primark to a better than expected profit margin
in the 16 weeks to Jan. 4, with the chain resisting pressure to
discount stock after an unusually warm September and October
delayed sales of winter clothing.
BERLIN (Reuters) – Consumer concerns about poor working conditions in Asian factories and toxic chemicals used in fabric production are driving interest in ethical fashion, helping it start to appeal to a broader market.
The collapse of an eight-storey garment factory in Bangladesh last April that killed more than 1,100 people drew global attention to the perilous conditions endured by many workers in Asia’s garment industry, which supplies big Western retailers.
BERLIN/DUESSELDORF, Jan 13 (Reuters) – German retailer Metro
AG has reported a drop in sales in its fiscal first
quarter, saying turnover in the key Christmas period had been
soft and its headline numbers had been hit by negative currency
Europe’s fourth-biggest retailer, which runs cash and
carries, supermarkets, department stores and the region’s top
consumer electronics chain, said sales had fallen 3.3 percent to
18.7 billion euros ($25.6 billion) in the three months through