Primark to keep expanding despite ‘challenging’ trading



Primark owner Associated British Foods (ABF) has warned that trading at the budget retail chain in the run-up to Christmas has been “challenging”.
The group said that in November the market has been “tough”, but stuck to its expectation for an increase in profits at Primark as a result of careful inventory management and improved margins.
Retailers had been hoping for some festive cheer over the critical Christmas trading period, the high street’s busiest time of year by a distance, following a poor 2018. Several big names have gone bust, with scores of other retailers enacting store... read more

 
7 December 2018 in Business, Views: 48
Source: Scotsman
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