Shoplifting Losses More Than Primark’s Rates

Saturday, 7th September 2024 at 8:03am

As reported on The Sun website, the UK’s shoplifting epidemic is costing Primark more in losses than it pays in business rates.

George Weston, chief exec of Primark’s parent company Associated British Foods, said shoplifting had become “socially acceptable… with thieves facing no consequences.”

He added, “The cost of shoplifting is now bigger than our bill for rates”, whilst noting that Primark pays around £70 million a year in business rates for its UK shops.

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