Primark/Penneys profits to fall €660m due to Covid-19 impact

Profits at discount clothing retailer Primark - which trades here as Penneys - are expected to drop by around €660m this year, due to the disruption to trading caused by the Covid-19 outbreak.
Primark/Penneys profits to fall €660m due to Covid-19 impact
Thu, 02 Jul, 2020 - 18:59
Geoff Percival

A pedestrian commuter walks past a closed Penneys on Dublin’s Abbey Street
A pedestrian commuter walks past a closed Penneys on Dublin’s Abbey Street

Profits at discount clothing retailer Primark – which trades here as Penneys – are expected to drop by around €660m this year, due to the disruption to trading caused by the Covid-19 outbreak.

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Retail sectorPlace: UKPlace: IrelandPlace: EuropePlace: USPlace: EnglandPlace: FrancePlace: PolandPlace: SpainPlace: PortugalPlace: New YorkPlace: FloridaPerson: FinancePerson: John BasonOrganisation: PrimarkOrganisation: PenneysOrganisation: Covid-19Organisation: Associated British FoodsOrganisation: ABFOrganisation: Primark/PenneysOrganisation: Primark/Penneys’
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