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Belt-tightening in Britain cinches sales for Primark
Bargain fashion retailer's 2016-17 overall sales up 13 per cent over last year at constant currency, says owner
Published Mon, Sep 11, 2017 · 09:50 PM
London
ASSOCIATED British Foods raised its forecast for full-year results on Monday following a strong performance by bargain fashion retailer Primark.
A sharp fall in the value of sterling since last year's Brexit vote, combined with below-inflation pay increases, has eaten into household budgets in Britain, forcing shoppers to tighten their belts and become more price-conscious.
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