Tuesday's dip may be due to profit-taking after a strong run recently
Associated British Foods PLC (LON:ABF) expressed caution in its interim results but the City remains bullish on Primark’s ability to rebound after months of closures.
In fact, the fast-fashion retailer
The performance was driven not only by increased basket sizes, as seen after previous lockdowns, but also by an improvement in footfall.
People shopped for essentials in the nightwear, lingerie and leisurewear ranges but there was huge demand for fashion lines, particularly in womenswear, as consumers are rebuilding their wardrobe ahead of a summer of freedom.