High Street

Primark forecasts £1.1bn sales hit

ABF said it expects to take an additional £480m hit in the second half of the financial year- as Covid restrictions may still be in place come spring -however it said it predicts the period after reopening to be ‘very cash generative’

The owner of Primark is expecting to lose £1.1bn in sales during the first half of its financial year due to the ongoing coronavirus restrictions which prohibit stores to trade. 

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