UK: Primark maintains sales growth despite recession
UK value fashion retailer Primark has reported a 21% rise in sales in the 16 weeks to 20 June, bringing its year-to-date increase to 20%.
Parent company ABF said in an interim statement today (9 July) that Primark's growth in the third quarter reflected an increase in retail selling space and "excellent" like-for-like sales.
The figures show it is continuing to buck difficult trading conditions in UK clothing retailing.
Primark trades from 190 stores with 5.7m square feet of selling space.
During the last four months the company has opened its first stores in Germany, in Bremen, and Portugal, in Lisbon.
A new store was also opened in Barcelona in June bringing its number of stores in Spain to 13.
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