Supply Chain Problems Hit Primark As It Hints Of A New Digital Future
“For now Primark is still firing on all cylinders and its robust operating model meant even the pingdemic, which dented summer sales, didn’t prove the bump in the road to veer off course. Q2 2021 hedge fund letters, conferences and more Although fourth quarter sales were disappointing, full year adjusted operating profits are now forecast to come in even higher than expectation, as lower staff and stores operating costs have meant profit margins have increased. Given weaker sales in July and August, this is no mean feat particularly as the retailer also has had to shift a huge amount of unsold...