'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.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!