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Primark posts strong growth

Sales at Primark rose 21% over the 16 week third quarter period to June 20 demonstrating that the value sector remains resilient in the recession.

Primark said that the strong performance was helped by increased selling space but added that the chain had also achieved “excellent” like-for-like sales growth despite the difficult trading conditions.

Parent company Associated British Foods said that year to date sales were up 20%.

Primark had 190 stores and 5.7 million sq ft of selling space at June 20. It also opened its first stores in Germany and Portugal in the third quarter period as well as opening a store in Barcelona, which takes its number of Spanish stores to 13.

It will open a new store in Bristol before the year end to replace its existing store in the city, which was one of the first Primark’s to open in 1974.

 

 

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