253 Primark shops will be temporarily closed, representing 64% of their total retail space, with the announced periods of closure varying according to each market
AB Foods' Primark fast fashion business lacks a digital presence and as such, the retailer will suffer a much greater impact from the closures in the UK and its main overseas markets.
Primark's financial tensions can be compared to those of its retail partner Next ( NXT.L ), which reported strong online sales on Tuesday that eliminated the physical retail division it faced with the increased restrictions of Covid-19.
Source: Yahoo Finance
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