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Sales surge at Primark

Sales at value retailer Primark grew 20% over the last quarter fuelled by a rise in retail selling space and good like-for-like growth.

The chain, which is owned by Associated British Foods, delivered the revenue rise in the 16 weeks to June 22. The growth brings Primark’s year to date sales increase to 22%.

In a statement the retailer said in the third quarter like-for-like increases were “subdued” with a chilly March and April however added that May and June had delivered a “marked improvement”.

The chain added like-for-like sales growth was “flattered” in the first half by an “exceptionally strong start to the year with the benefit of seasonal autumnal weather in 2012 compared with an unseasonably warm autumn in 2011”.

During the period, extensions to its Manchester and Newcastle stores were completed, and at June 22 the chain had 257 stores with 9 million sq ft of selling space. In its next financial year Primark will make its first step into France with the launch of a store in Marseille.

During the period Primark was one of the main retailers affected in the collapse of the Rana Plaza building in Bangladesh where one of its suppliers had been located.

The retailer said it was “deeply saddened” by the event and it donated food to 1,300 families and has already paid short-term financial compensation to more than 3,300 workers in the building, irrespective of their employer.

Primark said it has committed to “long-term compensation” for victims who worked for its supplier, and their dependents.

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