Primark has seen a surge in sales after prices went up and shoppers flocked to city centres, owner Associated British Foods (ABF) said.
Primark has seen a surge in sales after prices went up and shoppers flocked to city centres, owner Associated British Foods said.
More shoppers returned to high streets and retail parks, and business boomed at city centre stores amid a resurgence in office workers and tourists, ABF said. ABF added that it is “cautious about the resilience of consumer spending in the face of ongoing inflation in the cost of living and higher interest rates” so had chosen to put through only “moderate” price increases for this financial year.
It expects its full-year profits to be broadly in line with the previous financial year as sales growth moderates and its costs go up, such as for higher staff wages.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supermarket moves from second cheapest to second most expensive after 15% hikeJust three weeks ago the retailer was almost on a par with Lidl
Read more »
The King of Fighters 15 is offering a free playable demo on Sony consolesA playable demo is now available for The King of Fighters 15 on Sony consoles. The new demo allows players to sample 15…
Read more »
Rapper Aitch makes skydive from 15,000ftThe rapper made the jump in honour of his little sister Gracie, 13, who has Down's Syndrome.
Read more »
Schoolgirl, 15, found dead in Lanarkshire townThe teen's body was discovered by police at roughly 8.30am on Saturday, April 22, near Union Way, Uddingston.
Read more »
Schoolgirl, 15, dies suddenly as cops race to Scots streetA SCHOOLGIRL died suddenly as cops raced to a property in a Lanarkshire town. Emergency services were called to Uddingston at around 8.30am yesterday morning. Tragically, the body of a 15-year-old …
Read more »