Primark owner says customers face difficult choices as costs rise

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The owner of Primark has warned consumers face tough choices on "what they spend and where they spend it" as it reported a big rise in sales.

Associated British Foods (ABF) said high inflation, rising interest rates and "general economic uncertainty" were making consumers cut back.

Sales at Primark rose to £7.7bn in the 12 months to September, up 43% on a year ago.

But ABF warned that group profits could fall this year.

"The full consequences of the current cost-of-living crisis remains uncertain," it said in a statement.

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