Op-Ed | Next: The UK Retailer Breaking the £1 Billion Profit Curse In the competitive landscape of the UK retail industry, hitting a pre-tax profit of £1 billion is a rare feat. Sustaining it is even more challenging. Many British store chains have struggled to reach this milestone, let alone maintain it. However, there is […]
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market Associated British Foods Plc, the owner of the popular fast-fashion retailer Primark, recently made headlines by lowering its sales growth forecast. The company cited weak UK consumer sentiment as a primary factor contributing to this adjustment, alongside a significant 6.4 percent drop in like-for-like sales during […]