Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
Primark revenues fell 41% in constant currency to £2.2m in the 24 weeks to February 27, while its adjusted operating profit fell 90% to £43m.
As reported previously, Primark estimates that loss of sales amounted to £1.1bn in the periods where its stores were closed and like for likes were down 15% when stores were reopened due to Covid-19 restrictions.
In the UK, like-for-like performance was down 6% in the first half of the year and down 1% excluding four major city stores.
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