THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Sales growth continues at Primark

Associated British Foods, the owner of Primark, has reported that sales have continued to grow strongly at the budget fashion chain.

CITY & CORPORATE

Sales growth continues at Primark

Associated British Foods, the owner of Primark, has reported that sales have continued to grow strongly at the budget fashion chain.

In the 16 weeks to 23 June sales rose 13% as the retailer opened new stores and achieved further like-for-like sales growth. Trading in the UK and Ireland during the quarter was buoyant with the exception of April when cold and wet weather led to weak sales. Trading in continental Europe remained healthy throughout the period.

The group said Primark’s operating margins had improved in the second half reflecting lower input costs.

Four new stores were opened in the quarter, all of which were in Spain. As of 23 June Primark traded from 237 stores with 8 million sq ft of selling space. Since then the chain has opened its first store in Berlin and plans to open four more stores before the year end.

Across the ABF group as a whole, where brands include Silver Spoon sugar and Twinings tea, sales rose 11%. In a statement it ABF said: "The group remains on track to deliver substantial growth in both adjusted operating profit and adjusted earnings per share for the full year." 
 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019