Discount Chain Primark Bucks Trend with 21per Cent Sales Increase Retailer Defies Gloom On High Street

The HeraldJuly 10, 2009

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Summary


THE combination of warm weather and a still cost-conscious consumer helped Primark overwhelm expectations in the third quarter of its financial year with a 21per cent increase in sales against the same period of 2008.

Although like-for-like sales growth wasn't detailed by the retailer, analysts reckon that given slowing store opening, this was in the region of 7per cent to 8per cent.

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Extract


Discount Chain Primark Bucks Trend with 21per Cent Sales Increase Retailer Defies Gloom On High Street

This continues the momentum the retailer showed earlier in the year and contrasts with other clothing retailers ...

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