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Lockdown, Lack of E-Commerce Send Primark Losses Spiraling

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Primark parent Associated British Foods plc on Thursday provided a loss estimate for the 16-week period including November and December, but said losses through the end of the fiscal half year will escalate as lockdowns shutter stores. ABF gauges the financial fallout at 540 million pounds ($736.1 million). With temporary stores closures expected to continue…

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