Primark became the star attraction of retailers re-opening across the UK yesterday as queues of people started to form early in the morning outside multiple Primark branches. Primark will be keen for customers to splash the cash as it looks to inject some much needed money into the business, the fast-fashion retailer has not had any cashflow because it does not have an online offering.
The government is actively encouraging the British public to go out and spend money to help boost the economy, which shrank by a quarter over March and April. The British Retail Consortium believes that the lockdown has cost all non-food stores 1.8 billion pounds a week in lost revenues.
Paul Scully, Business Scully commented: “The government’s priorities have always been lives first, but clearly restoring livelihoods, protecting jobs, making sure our economy can motor and recover again is really important.”
