Primark-owner shares sink after consumer spending warning

Primark-owner ABF shares drop over consumer spending concerns as sales slow. Analysts attribute the share price fall to weaker sales at the fast fashion retailer amidst a challenging market environment. Rising inflation, unemployment fears, and competition from Chinese rivals like Shein impacting Primark's performance, highlighting concerns over consumer cautiousness. Potential UK tax hikes, global inflation, and US tariffs pose additional challenges for the retailer's growth.