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All credit to Primark for repaying furlough cash as sales resume with a whoosh

Owner Associated British Foods could have pointed to £3bn lost revenue since March 2020

The queues around the block told the story. After reopening, Primark took only six days to beat its previous seven-day record for sales in the UK. More than half the stores beat their previous bests.

The official tone from the boardroom of Associated British Foods, Primark’s owner, is still cautious as the estimate for lost sales in the second half of the trading year has been increased to £700m. But that is largely because of continuing restrictions in continental Europe.

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Read the original article at The Guardian

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