Stock of the Week: Associated British Foods

Primark still dominates ABF's sales, but its shop-only model has been severely tested by lockdown restrictions in 2020

James Gard 3 December, 2020 | 12:12PM
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As high street shops in England re-open after the second lockdown, our stock of the week has a retail theme and our Twitter followers have chosen Primark owner Associated British Foods (ABF), ahead of Marks & Spencer (MKS) and Next (NXT).

With Topshop-owner Arcadia going into administration this week, life as a UK high street fashion retailer has never been harder. Months of lockdown have disrupted sales for those like Primark that depend on large and centrally located physical stores being open (the retailer famously doesn’t have a website where you can order clothes for home delivery). The company revealed that £600 million had been knocked off Primark’s profits and £2 billion of sales in the pandemic year; it’s hoping that extended opening hours will help sales catch up with lost time in the new financial year starting October 2020, helped by the easing of lockdown restrictions in the UK.

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James Gard  is content editor for