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Primark bounces back thanks to ‘pent-up demand’

Primark has been boosted by pent-up demand since the end of lockdown.

Associated British Foods, which owns the fashion retailer, said that all its outlets had seen strong trading since reopening in May, with sales expected to reach £2bn by 12 September.

However, large city centre stores, which rely on tourism and commuters, have suffered a “significant decline in footfall”. Primark’s 16 largest city centre stores contributed 13% of sales before Covid, compared with 8% after reopening.

Primark plans to open one new UK store next year.

The Times (£)
The Telegraph (£)
The FT (£)
The Guardian

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