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Retail news from around the globe

Hanover, Germany – June 8, 2019: Close-up of H&M logo. H & M Hennes & Mauritz AB is a Swedish multinational retail-clothing company.
Reopening Primark rules out fire sale The owner of Primark has ruled out a fire sale of excess stock as the British discount fast fashion retailer gets ready to reopen all of its 153 stores in England on June 15. John Bason, the finance chief of Associated British Foods, said that although the retailer had ordered “hundreds of millions” of pounds worth of autumn and winter stock, there was no need to offload it in a hurry. “What we will do, because we’ve got the financial wherewithal, we