Primark’s income has plummeted to zero
Author: Rafi Benady | Tuesday 21st April 2020
The budget clothes store was making £650 million per month around Europe, however due to the Coronavirus restrictions and not giving us the option to buy online Primark’s income has plummeted to zero.
Primark’s chief executive George Weston said: "From making sales of £650m each month, since the last of our stores closed on 22 March, we have sold nothing.
“Primark is managing through an extraordinarily challenging period after all of its stores closed in March and our management response to mitigate the cash outflows was swift and proportionate.
“Although uncertainty remains, we have the people and the cash resources to meet the challenges ahead."