Passengers are being warned over the price of Ryanair flights this summer as people rush to book holidays.
26.04.2022 - 15:29 / manchestereveningnews.co.uk
High-street giant Primark has issued a warning to anyone who shops in its stores. The announcement will be a crushing blow for people who rely on the retailer for cheap clothing and homeware.
Primark has warned that it will increase prices on its autumn and winter collection as costs go up for businesses around the world. The budget fashion chain will make “selective” rises in the range, having avoided most pressures from inflation until now because global exchange rates fell in its favour.
But AB Foods, which owns Primark and Twinings and is also a major sugar producer, said the US dollar is strengthening and inflation is soaring, which will force the changes. Chief executive George Weston said: “Inflationary pressures are such that we are unable to offset them all with cost savings, and so Primark will implement selective price increases across some of the autumn/winter stock.
READ MORE: Woman slashes her entire monthly Tesco shop to £52 thanks to Martin Lewis tip
“However, we are committed to ensuring our price leadership and everyday affordability, especially in this environment of greater economic uncertainty.” Millions of businesses across the UK are having to make decisions about their prices. The cost of the energy they need to operate has rocketed in recent months, and the costs of the raw materials and staff they need are also rising.
It has meant some choosing to pass on these costs to customers, though many are wary as this is likely to discourage people from shopping with them. However, despite price rises, Primark expects to see its sales increase because it is opening more stores, expanding its so-called selling space by 10% compared with the end of the 2019 financial year.
“As a consequence, total sales
Passengers are being warned over the price of Ryanair flights this summer as people rush to book holidays.
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High street store Primark has warned its customers about some future changes being made in its shops. The retailer, which recently teamed up with Greggs to create a unique experience, has announced that it will increase prices on its upcoming autumn and winter collection.
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