Despite losing more than a third of its trading days to pandemic-related lockdown restrictions, Primark owner Associated British Foods has doubled down on its commitment to bricks and mortar and continues to shun the commonly accepted knowledge that an e-commerce offering is essential to the survival of a high street retailer.
Like-for-like sales were down 12% on pre-pandemic levels, according to ABF's 2021 annual results, but a strong recovery in the second half of the year has boosted the firm's profits to £415m, up 15% on...
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