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Signage is displayed outdoors a Primark retailer on the Oxford Avenue, in London, Britain July 2, 2020. REUTERS/Hannah McKay
LONDON, Nov 9 (Reuters) – Related British Meals’ (ABF.L) Primark style enterprise has good inventory availability for the Christmas buying and selling interval and won’t be elevating costs regardless of provide chain disruption and inflationary pressures, its finance chief stated on Tuesday.
“We’re principally saying that we have got good inventory cowl for Christmas, our shops might be full,” John Bason informed Reuters after the group reported full 12 months outcomes. read more
He stated there could be restricted inventory cowl on a small variety of Primark strains which prospects “could wrestle to even see”.
Bason additionally pledged that Primark’s costs for autumn/winter inventory could be flat versus the 2020-21 12 months. read more
“We’re not placing Primark costs up,” he stated.
It was in a position to take this stance as a result of Primark was benefiting from transaction forex features arising from the weaker U.S. greenback, improved retailer labour effectivity and decrease working prices.
Reporting by James Davey; enhancing by Michael Holden
Our Requirements: The Thomson Reuters Trust Principles.
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