Clothing & Shoes

Primark plans global expansion despite sales slump

While a post-pandemic equilibrium is yet to be reached, like-for-like sales compared to pre-Covid levels are reportedly improving steadily for the retailer

Primark has seen like-for-like sales fall by 12% in its latest full-year results, as ongoing store closures and trading restrictions “inevitably” led to a “significant” loss of sales and profit in the period.

While its parent group, Associated British Foods (ABF), said there was “no doubt” that Primark was “seen to be vulnerable to the pandemic”, its operating profit rose by 15% to £415m the year ended 18 September 2021, as ABF confirmed plans for its expansion across international markets.

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