THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Primark to open 18 new stores in current financial year

Primark is to open 18 new stores this year after sales rose by 4.5% at constant currency in its first quarter and by 3% at actual… View Article

FASHION

Primark to open 18 new stores in current financial year

Primark is to open 18 new stores this year after sales rose by 4.5% at constant currency in its first quarter and by 3% at actual exchange rates.

Primark owner Associated British Foods said the sales growth was due almost entirely to an increase in selling space, although its like-for-like performance also improved following a significant upturn in the Eurozone.

Sales in the UK were 4% ahead of the same period last year, but there was a marginal decline in like-for-like sales despite particularly good trading in November and December.

Meanwhile, sales in the Eurozone rose by 5.1% after the retailer made “strong progress” in France and Italy.

Primark opened three new stores in the period in Seville in Spain, Kiel in Germany and Milan in Italy. The retailer is expected to open 18 new stores in the current financial year including the launch of its first store in Poland this spring.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

Future of Customer Engagement 15 June 2022
Future of Customer Engagement 15 June 2022

Watch video >