Sep 7, 2020
Primark post-lockdown sales head for £2bn
The owner of High Street fashion chain Primark has said sales have been higher than expected since stores reopened after lockdown, but are still lower than last year. Associated British Foods said sales since reopening would hit £2bn by the end of the year. "In the latest four-week UK market data for sales in all channels, Primark achieved our highest-ever value and volume shares for this time of year." "Since reopening Primark stores, we have seen increasing numbers of transactions driven by footfall," it added. AB Foods said full-year profits at Primark in the year to 12 September would be at least at the top end of its previously advised £300m to £350m range.
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