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‘We’re going to be back,’ says Primark after it predicts £1bn sales loss



Sales projected to dive in main UK and European markets as Covid restrictions keep stores closedPrimark has said lockdown store closures would mean missing out on more than £1bn in sales, but added it was confident of a resurgence after the crisis ended, promising: “We are going to be back.”The fast fashion retailer does not sell online, and three-quarters of its store space is closed, including all of its 190 UK shops, plus a further 115 across European markets such as Germany, Ireland and Spain. Continue reading…



Source link : https://www.theguardian.com/business/2021/jan/14/primark-forecasts-1bn-sales-loss-as-covid-restrictions-shutter-stores

Author : Jasper Jolly and Zoe Wood

Publish date : 2021-01-14 15:59:47

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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