1357 GMT - If AB Foods is able to replicate its initiatives in the U.K., it could strengthen its customer-value proposition in Europe, analysts at UBS write in a note. Its retailer Primark has been able to obtain more market share in the U.K. through initiatives that have improved its product offer, price perception and digital-customer engagement, they say. In Europe, weak consumer sentiment has dragged down like-for-like sales and, to counter that, they are trying to replicate the initiatives that worked well in the U.K., the analysts say. Meanwhile, the U.S. is still volatile and that has hit consumer sentiment and footfall, they say. Shares drop 13% to 18.71 pounds. (aimee.look@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 08:57 ET (13:57 GMT)
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