ABF Foods news and archive

Primark sales rise, doesn’t plan further prices increases

Primark has reported a 43 percent year-over-year increase in adjusted sales. The fast-fashion giant made sales of 7.7 billion pounds in the 52 weeks to September 17, up from the 5.6 billion pounds it reported a year earlier. It came as shoppers swarmed back to physical stores following the end of lockdown restrictions which heavily impacted the...

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Primark continues to bounce back from pandemic

Primark owner Associated British Foods (ABF) was upbeat on Monday as the fast fashion giant showed continued recovery from the pandemic. In its interim results for the 24 weeks to March 5, ABF said it expects Primark sales to be “well over” 60 percent ahead of last year, with almost all its stores remaining open during the half-year period. That...