Home Business News Primark set to reopen

Primark set to reopen

by LLB Editor
1st Jun 20 10:49 am

Associated British Foods, the owner of Primark, has insisted that social distancing measures will hit only a handful of its shops as it laid out plans to reopen its UK business later this month.

Primark has already opened 112 European stores, representing 34 per cent of its total selling space. “We will apply the valuable experience gained from more than 100 stores which are already open as we open the remainder of our estate,” ABF said.

City analysts had warned that sales at Primark, which has traditionally attracted large numbers of shoppers to its stores, could be hit hard by social distancing measures.

“Our initial view is that the implementation of social distancing could only affect sales to some extent in the higher density stores, which represented some 10 per cent to 20 per cent of pre-Covid-19 total Primark sales,” the FTSE 100 company stated.

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