Primark sales hit by warm weather

Primark sales hit by warm weather
 

Sales at Primark took a hit in autumn following a spell of warmer than usual weather, but the fashion chain expects profit growth to pick up this year.
Like-for-like sales - which ignore new stores - at the chain are set to fall 1% in the 24 weeks to 3 March.
Primark's owner, Associated British Foods (ABF), said sales were hit by "unseasonably warm weather" in October.
However, it says profit growth is set to accelerate in the second half of the year, partly due to the weaker dollar.
Despite sales falling across Primark as a whole, like-for-like sales in the UK were up 4% where... read more

 
26 February 2018 in Business, Views: 37
Source: BBC
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