All Primark stores were closed over 12-days from March 11 as the virus spread, costing it 650 million pounds ($806 million) a month in sales. With governments now easing restrictions, Primark is trading from 112 stores across Europe and the United States, or 34% of total selling space. By June 15, it plans to have 281 stores open, or 79% of selling space, including all stores in England. "Trading in our re-opened stores (including in Germany and Spain) has been both reassuring and encouraging, with customer queues outside most stores," AB Foods said. It believes social distancing measures will likely only affect sales to some extent in its busiest stores, representing 10-20% of pre-COVID-19 total Primark sales.

Source: bd News24 June 01, 2020 09:56 UTC