Trading in the reopened stores of the British fast fashion chain Primark has been encouraging but the prolonged lockdown means the retailer's full-year profit is likely to slump by about two thirds, owner Associated British Foods said.
FILE PHOTO: A woman wearing a face mask walks by a Primark store in Manchester, following the outbreak of the coronavirus disease , Manchester, Britain, May 26, 2020. REUTERS/Jason Cairnduff/File Photo
All Primark stores were shuttered in March as the pandemic spread. As governments eased lockdown restrictions the stores reopened, including all 153 stores in England on June 15. It said sales in the week ended June 20, with over 90% of selling space reopened, were 133 million pounds and trading in England and Ireland was ahead of the same week last year.
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