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  • Primark takes 540 million pound sales hit from lockdowns

    5 days ago - By Fashion United

    Primark has taken a 540 million pound sales hit related to lockdowns, the fast-fashion retailer's parent company Associated British Foods announced Thursday.
    The company said that number could reach 1.05 billion pounds if all of
    Primark's closed stores remain closed until 27 February 2021, the financial half-year.
    For the 16 weeks to 2 January 2021, Primark sales were 30 percent lower than last year at constant currency and 28 percent lower at actual exchange rates.
    But the company said that when certain stores were open during the period, trading was strong with sales at -14 percent on a...
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