By Becky Waller-Davies2019-07-04T06:21:00
Primark sales have risen thanks to new space as like-for-likes declined over the past three quarters.
Primark sales have risen thanks to new space as like-for-likes shrank over the past three quarters.
Sales in the 40 weeks to June 22 rose 4% but were partially offset by a decline in like-for-like sales. Primark did not specify by how much like-for-likes had fallen.
The retailer said that margin was challenged because of a strong dollar but still expects its margin to increase this year. It improved from 9.8% the previous year to 11.7% in the first half thanks to strong buying and fewer markdowns.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.