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Primark's 'distinctive' proposition will help it bounce back

John Bason, finance director of Primark owner Associated British Foods, told Drapers: “Have we lost sales and profits? Yes. Do I like that? No. Are we damaged? No, I don’t think we are. I will make sure we come back strong [by ensuring the stores are set up with spring/summer products].”
He added: “During lockdown people have been [shopping] online, but you can’t get Primark prices online - so we have a distinctive proposition. We did a survey during the first lockdown and one third of our regular shoppers said they didn’t shop anywhere else during lockdown and waited [for us to reopen]. People recognise the value of Primark.” ....

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Primark owner warns of 1.6 bln pound sales hit from lockdowns

Primark owner warns of 1.6 bln pound sales hit from lockdowns
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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Primark owner warns of 1.6 billion pound sales hit from lockdowns

Primark owner warns of 1.6 billion pound sales hit from lockdowns
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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ABF's Grocery Business Performing Well Whilst Primark Faces Huge Hit To Sales

25th February 2021
In a pre-close trading update for its first-half period, Associated British Foods (ABF) said revenue and profit in each of its Grocery, Sugar, Agriculture and Ingredients businesses will come in ahead of both expectations and last year. However, this will be dragged back by its Primark clothing chain which has been hit hard by the pandemic-related closure of its stores in the UK and Europe in recent months.
Revenue in its Grocery division is expected to be 7% ahead of last year with adjusted operating profit growth after âstrong performancesâ by its Twinings Ovaltine and UK grocery businesses. The performance of Twinings Ovaltine was said to have reflected the changes in consumption patterns as a result of the pandemic. Retail and online sales increased but on-the-go and foodservice volumes continued to be adversely affected. ....

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Primark owner warns of 1.6 billion pound sales hit from lockdowns

Primark owner warns of 1.6 billion pound sales hit from lockdowns
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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