Primark reins back expectations after sales in Europe plunge

Primark in New York

Value clothing giant Primark has reported tough trading overseas, prompting it to cut sales growth expectations and hit profitability.

“In a challenging consumer environment, our focus is on factors within our control, including initiatives now underway in Europe aimed at improving performance. We are also making good progress to deliver Primark’s medium and longer-term growth opportunities.”

 

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