Primark considers investing outside UK due to Budget

Quick Summary:

The chief executive is concerned that the High Street will "bear the weight" of tax rises.

The fashion giant said that it had seen a strong start to the sales of its autumn and winter ranges, despite wetter weather washing out those of summer shoes and beachwear.

It said "challenging weather" had hit the number of people visiting its shops between April and June, but expects a strong performance over Christmas.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: Ranges Budget Sales Fashion Primark Weston Business Suggested October Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:26:21 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 749 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23471616

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 19 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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