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Lockdown, Lack of E-Commerce Send Primark Losses Spiraling

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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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