What does Primark’s less than golden quarter mean for the rest of UK fashion?
The fashion giant became the latest retailer to update on its performance over the peak Christmas period earlier today and highlighted the impact of “cautious shoppers” on sales. Retail Week explores what a tough time for the ever-resilient Primark means for the broader fashion sector
Primark parent company Associated British Foods told the City earlier today that while the fashion retailer’s sales grew 2% for the 16 weeks to January 4, 2025, sales in the UK and Ireland suffered. Being Primark’s largest market and accounting for 45% of its total sales, a 4% decline in total sales and a 6% fall on a like-on-like basis certainly dampened the mood this morning.
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