Primark reveals £430m lockdown sales hit as it refuses to go online


Primark’s owner says autumn COVID-19 lockdowns have resulted in an estimated £430m hit to sales but insists the fashion chain remains on track to deliver improved profits.

Associated British Foods (ABF) said in an update ahead of its AGM that only 34 of its stores across Europe remained closed amid continued coronavirus disruption to trading since the start of its current financial year.

The company had revealed last month a £2bn revenue hole for the year to 12 September – a consequence of its store-only operation being forced to shut down in the face of pandemic restrictions.

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