Primark Gives More Discounts As It Battles Tough Trading Conditions

Western Mail › September 13, 2011

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Summary

THE owner of the discount fashion chain Primark today said it was having to discount more than expected as it battles the harsh consumer climate.

Associated British Foods, which also owns Twinings, Ovaltine and Kingsmill, said the budget retailer's like-for-like sales rose by 3% in the year to September 17 but that it needed a higher than normal level of price cuts to get customers spending. This will hit operating margins by more than anticipated.

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Primark Gives More Discounts As It Battles Tough Trading Conditions

Overall, sales at Primark continued to grow and are expected to ...

See the full content of this document