Sales at Primark grow strongly

SALES and profit at Primark, which trades as Penny’s in Ireland, will be well ahead of last year.

The discount retailer’s parent firm, Associated British Foods (ABF), expects to have opened six new stores in the second half of the year, two in Spain, one each in Germany and Portugal and two in Britain, bringing the total number of stores to 191.

The company expects like-for-like sales growth of 7% at Primark for the full year driven by a very strong performance in Britain.