primark
A tale of two different fashion retailers – GAP exits while Primark releases a roaring recovery [soros] Q1 2021 hedge fund letters, conferences and more GAP Closing Stores In The UK“The GAP Inc (NYSE:GPS) sized hole in the high street which will be left when the US retailer closes its final stores at the end of September will be hard to fill, given the big names which have already left bricks and mortar shops behind. But Primark, one of the big fashion chains left standing, its likely to clean up from GAP’s exodus, attracting browsing shoppers whose options are dwindling. It is still turning h...
ValueWalk
“Primark has been lost in the retail jungle during the pandemic, left stranded by repeated Covid closures. Without an online crutch to lean on, it’s been a harsh environment during lockdowns with a £1.1 billion hit to revenues. Even when stores were open, social distancing meant like-for-like sales were 15% lower. Q1 2021 hedge fund letters, conferences and more Primark Is Back In The GameAs Primark has struggled, ABF’s food business has flourished, with a 30% surge in operating profits, with demand for ingredients being boosted by fresh rounds of lockdown baking. Even so, ABF has still seen a...
ValueWalk
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