Primark's Challenges Could Weigh on Owner ABF -- Market Talk

Dow Jones04-13

0604 GMT - Primark looks set to struggle in a tough retail environment, RBC Capital Markets' Richard Chamberlain and Manjari Dhar write in a note to investors, cutting their rating on owner Associated British Foods to underperform from sector perform. Primark, ABF's most important business, may run into problems with its attempts to elevate its offer, which could hit consumer perceptions of good value in its fashion range, Chamberlain and Dhar say. Competition from China's Shein and a weak digital offer outside the U.K. add fresh headwinds, they say. RBC cuts its target price on ABF to 1850 pence from 2050 pence. Shares last closed at 1920 pence. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

April 13, 2026 02:04 ET (06:04 GMT)

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Primark, ABF's most important business, may run into problems with its attempts to elevate its offer, which could hit consumer perceptions of good value in its fashion range, Chamberlain and Dhar say. Competition from China's Shein and a weak digital offer outside the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. add fresh headwinds, they say. RBC cuts its target price on ABF to 1850 pence from 2050 pence. Shares last closed at 1920 pence. 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