Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Primark tipped for 14% sales growth

“Very strong” sales at Primark mean the fast fashion retailer is expected to post growth of 14% for the six months to March 1, 2014, according to parent company Associated British Foods.

Like-for-likes are expected to have risen 4%, while sales at a constant currency rate should be 13%, ABF said.

Primark had an “excellent” Christmas, driven by greater sales densities in bigger stores, which offset the first eight weeks of the year, in which sales were “held back by unseasonably warm weather and strong comparatives in the previous year”.

Store openings have added 8% more retail selling space since the last half year, with 269 stores trading from 9.6 million sq ft by the end of the period.  

New stores included Primark’s first French openings, a further six in Spain and three in the UK.

The group published an update this morning as it enters a closed period, ahead of its interims, which are due to be published on April 23.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.