Primark Has Also Been Hit By The Recall Of Carcinogenic Substances.

After the latest three - quarter results, the British fast fashion brand Primark was hit by the brand website that announced it would recall three types of flip flops because it was inspected and excess cancer - causing chemicals.

According to the brand's statement on Monday, the carcinogenic chemicals "Chrysene (?)" in the black, blue and khaki 3 Primark racks that were recalled were all above the compliance standard of 1 mg/kg, and their sales date was from January 4, 2017 to June 2nd.

The three brands that have been recalled are Primark's own brand Cedar Wood State products.

Primark said that in addition to the refund to consumers who purchased the above products, all orders of the supplier were suspended while conducting a thorough investigation. However, the company indicated that it was unable to lock the factory location for producing the above products.

This is the third time this year's Primark product recall / shelf down incident. The company also recalled a kitten shaped children's tights, because the bow tied on tight pants suffocated easily. In February, the company complained of racism and offended the series of T-shirts on the lower shelf.

Despite repeated product problems, Primark was among the top European apparel retailers in the three quarter at a low price.

John Bason, chief financial officer of Primark Associated British Foods PLC (ABF.L), the chief financial officer of the British Union food group, revealed in the performance report of last week that the sales performance of the same store in the three quarter was "far better than" in the first half of the fiscal year, which only increased by 2%, but he did not give specific figures.

News stimulated Associated British Foods PLC (ABF.L) soared up to 6.2% in early July 6th July 6th, the biggest increase in 8 months.

As of the early 14 weeks of July, Primark sales recorded an increase of 21% and a fixed exchange rate of 15%. The group noted that its sales performance before Easter was particularly strong, thanks to the low base of the same period last year and the normal weather this year.

In the 40 weeks to the current fiscal year, fixed exchange rate sales rose 13% over the same period last year, exceeding market expectations, which is equivalent to an increase in the average retail sales area. Sales at real exchange rates benefited from a weaker pound and a 21% rise.

Among them, the British domestic market recorded a 9% increase, the group said the brand continued to win market share in the domestic apparel market as a whole.

John Bason points out that "the UK is particularly very strong sales, unlike most retailers, and I think we are outstanding."

Analysts have been wary of buying Primark from the US dollar from most Asian currencies because of the depreciation of the pound.

Associated British Foods PLC Ying Lian food group said it had stabilized its profit margin by reducing sales discounts, and estimated that Primark's annual profit margin could be flat in the first half of fiscal year.

As of the three quarter of June 24th, Primark has 339 stores in Europe and the United States. Its retail sales area is about 1 million 360 thousand square feet. During the three quarter, the brand opened 10 new stores, and there will be 5 more stores in the fourth quarter. It is expected that the retail sales area will be increased to 1 million 500 thousand square feet by the end of the year.