Primark sales up 13% ahead of US market entry

Sales at Irish-founded discount-clothing retailer Primark were up 13%, year-on-year, for the first nine months of its financial year.

The constant currency figure (the weak euro against sterling meant sales were 9% up, at exchange rates) drove a 2% increase in group revenues for parent Associated British Foods in the first nine months up to the end of June.

Dublin-based Primark’s performance was aided by strong regional performances in the UK, Spain, Portugal, and Ireland, where it trades as Penneys.