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'Record-Breaking' Primark Lifts Associated British Foods Over Christmas

Published on Jan 18 2018 9:38 AM in A-Brands tagged: Trending Posts / Sugar / AB Foods / Primark / Paywall

'Record-Breaking' Primark Lifts Associated British Foods Over Christmas

Associated British Foods said that its Primark trading division posted 'record' sales in the week before Christmas, boosting the overall group's sales 4% in the 16 weeks to 6 January.

However, the banner's sales in Europe were impacted by warm autumn weather, the company said.

According to a trading update issued this morning, sales at Primark were 7% higher than in the same period last year, at constant currency levels, as a result of increased selling space, which has increased by 0.3 million square feet since financial year end.

Primark's UK business posted 'strong like-for-like sales', the company said, however performance across Europe was 'held back' somewhat by unseasonably warm weather in October.

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