Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
In a pre close statement for the 53 weeks to September 18, 2021, Primark said sales for the second half were expected to be £3.4bn and that operating profit margin is expected to be over 10%.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.