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Primark UK sales dip as poor weather hits footfall

Primark UK sales dip as poor weather hits footfall

Primark UK sales are set to fall in its second half as poor weather led to lower footfall in its stores.

Total UK sales will dip around 0.5% as like-for-likes will decrease 2% in its half ending 14 September, as the weather hit its seasonal lines in womenswear and footwear.

Primark’s market share decreased slightly over the period, which it said reflected the lower high street footfall.

However, the discount retailer expects total sales growth to be around 4% for the half due to its continued store expansion.

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Although Primark said that volumes were soft in the second half, its average selling price increased as a result of the product mix sold.

The fashion giant said its profit outlook for FY24 remained unchanged, with its parent company Associated British Foods insisting the group was well positioned for further strategic progress.

It said it expected Primark to deliver positive sales growth in FY25 as it continued to execute its store rollout programme and product, digital and brand initiatives.

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