Primark to focus growth drive on US and Poland

Discount clothing retailer Primark is set to pin a large element of its future growth on expansion into new markets, such as Poland and the wider Eastern Europe region, and "disciplined" store roll-outs in Spain and the US.

"Management believes Primark has the potential to double its sales over the long run...Eastern Europe holds "great potential" with high brand association in the region," according to Davy analysts after a briefing from John Bason, finance director with Primark's parent Associated British Foods.