Retailer warns that growth may slow in coming months because of inflation and cost of living crisis
Primark has reported strong first-half sales growth helped by higher prices and a return of tourists and office workers across the UK’s cities, but said that revenue would slow in the coming months amid the cost of living crisis and higher interest rates.
The retailer’s parent company Associated British Foods said like-for-like sales rose by 10% at the budget clothing chain in the six months to 4 March compared with a year earlier.