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Primark takes 1.1 billion pound sales hit from closed stores

Primark has taken a 1.1 billion pound sales hit related to lockdowns for the first half of the year, the fast-fashion retailer’s parent company Associated British Foods (AB Foods) announced Thursday. AB Foods said Primark’s performance in the 24 weeks to February 27 was “materially impacted” by lockdown restrictions across the UK and Europe, but...

11 hours ago