By Jack Denton Order Reprints Print Article The owner of retail giant Primark estimates that the loss of sales from store closures caused by the Covid-19 pandemic will cost the company £1.05 billion ($1.43 billion), as it moves to expand further into the U.S. market. Primark operates 11 stores in the U.S., mostly on the East Coast. Shares in Associated British Foods, which owns Primark, rose 1% in London trading, as it reported results for its grocery, sugar, agriculture, and ingredients businesses that outpaced expectations. The... Close Store Closures Due to Covid-19 Will Cost This Retailer $1.4 Billion. It Still Won’t Move Online.