Struggling Primark blasts Government as waning business confidence strangles economy PRIMARK has called on the Government to deliver “tangible” growth rather than “generic words” as waning confidence starts to strangle the economy.
However the UK, which accounts for 45 per cent of Primark’s sales, suffered in comparison with strong sales in Europe and the US.
The fashion retailer yesterday posted a 6 per cent slump in like-for-like UK and Ireland sales — its first drop since shops shut during the pandemic.
Overall Primark’s sales rose by 2 per cent, helped by its collaborations with Rita Ora and Christmas ranges.
The GfK consumer confidence index has registered steep falls in confidence in family finances and the wider economy.
