Pressure on Primark forward of first-half outcomes
Primark will be in the spotlight this week when its owner unveils its first-half results.
Long seen as the jewel in the crown of the Associated British Foods (ABF) empire, the fast-fashion chain was rocked last month when boss Paul Marchant left over an allegation of inappropriate behaviour towards a female colleague.
And in January, Primark reported its first sales dip since the pandemic as lower-income customers tightened their belts.
Looking ahead: In January, Primark reported its first sales dip since the pandemic as lower-income customers tightened their belts
Investors will be keen to see whether the brand has managed to get sales back on track when ABF updates the market tomorrow after a disappointing performance over the crucial Christmas shopping period.
ABF shares slid 0.1 per cent.
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