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Wet weather hit Primark's UK summer sales, owner AB Foods said
Reuters -
05/09
Wet weather in Britain hit fashion business Primark's summer sales, but better performance elsewhere kept operating profits steady, owner Associated British Foods said on Thursday.
LONDON, Sept 5 (Reuters) - Wet weather in Britain hit fashion business Primark's summer sales, but better performance elsewhere kept operating profits steady, owner Associated British Foods (ABF.L), opens new tab said on Thursday.
Shares in the group opened 4% lower on Thursday.
Primark, which has stores across Europe and in the United States, said underlying sales would fall by 2% in Britain in the six months to mid-September due to "challenging weather," particularly in April and June.
Across Europe, excluding Britain, however it expected underlying sales growth of 0.9% for the six-month period.
Despite... [Short citation of 8% of the original article]
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