Primark Like-for-Like Sales Fall 2.2% in Q3 as AB Foods Prepares Split
Updated
Updated · Bloomberg · Jul 1
Primark Like-for-Like Sales Fall 2.2% in Q3 as AB Foods Prepares Split
1 articles · Updated · Bloomberg · Jul 1
Summary
Primark’s like-for-like sales fell 2.2% in the third quarter ended June 20, marking a setback for the budget fashion chain.
AB Foods blamed a challenging consumer environment for the decline as shoppers remained under pressure.
The weak quarter comes as Associated British Foods moves toward separating its clothing and food businesses, putting fresh focus on Primark’s standalone performance.