The retailer has said that it is set to lose £375M in sales following the new Covid-19 included lockdowns.
Associated British Foods, owner of Primark, has released a statement that confirms all Primark stores in the Republic of Ireland, France, Belgium, Wales, Catalonia and Slovenia are temporarily closed, which represents 19 per cent of the brands total retail selling space. Following the news of the UK once again closing all non-essential retail, 57 per cent of Primark’s total selling space will be temporarily closed from November 5.
Uncertainty about further temporary store closures in the short-term remains and the company estimates that loss of sales for these stores including those is England will amount £356M.
Associated British Foods commented: “We are implementing the operational plans developed to manage the consequences of these closures and appropriate action will be taken to reduce operating costs. All orders placed with our suppliers will be honoured.”
