UK's Primark reports 430 million stg hit to sales from autumn lockdowns
The group said it still expects Primark’s full year 2020-21 sales and profit to be higher than 2019-20’s 362 million pounds
People are seen outside a Primark store, after the branch's reopening amid the coronavirus disease (Covid-19) in Hanley, Britain June 15, 2020. REUTERS/Carl Recine
Associated British Foods said on Friday the estimated hit to sales at its Primark fashion chain from Covid-19 related store closures this autumn is about 430 million pounds ($579 million), up from a previous forecast of 375 million pounds.
The group said it still expects Primark's full year 2020-21 sales and profit to be higher than 2019-20's 362 million pounds.
Keep updated, follow The Business Standard's Google news channel
