Primark Downgrades Sales Forecast Amid Weak UK Consumer Confidence and Rising Costs Associated British Foods Plc (ABF), the parent company of Primark, has revised its sales growth forecast for the popular fashion retailer, citing declining consumer confidence and rising operational costs in the UK retail sector. The company now expects low-single digit growth for Primark […]
It’s been impossible to miss the barrage of headlines heralding the death of the high street as a seemingly endless stream of household retail names announce financial woes. From Toys R Us to House of Fraser, Maplin to Debenhams, everywhere you look, there are profit warnings, redundancies, stores closing, and administrators swooping. Many believe that […]
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