Primark To Launch Home Service ‘by End Of 2027’; Saudi State Oil Company Reports Jump In Profits Despite Attacks – Business Live

Primark home delivery service to come before the chain is spun off from Associated British Foods; stock markets fall as oil prices rise again

Garry White, chief investment commentator at the US investment bank Raymond James, said that Primark will need a disciplined returns policy for its planned new home delivery service.

Home delivery is an obvious gap in Primark’s proposition, but it will need to be managed carefully given the retailer’s position at the value end of the market.

The experience of other online fashion retailers shows that shoppers often order multiple sizes or styles with the intention of returning unwanted items, resulting in far higher return rates than those seen in physical stores.

I am really excited to have appointed David as Group CEO. Over the last two years, we have stabilised the business and returned it to some growth and begun to establish Asda as ‘more than a supermarket’ through our Formula for Growth strategy.

David has an outstanding record in our industry, his experience is exactly what we now require for the next stage of our transformation and beyond and it will be great to work with him.

Asda has long been a great business, one I’ve admired and traded against over many years. The colleagues are remarkable, some of the most passionate I’ve met.

The business has made good progress but significant opportunities remain and I’m delighted and very proud to have been asked by Allan to lead the team.