Primark loses £800m amid Covid-19 lockdowns

Clothing retailer expects profits to plunge by two-thirds as revenue falls 75% in our monthsCoronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues at Primark fell by 75% between 1 March to 20 June, to £582m, its owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. Continue reading...