Sunday October 25, 2020

Revenue at Primark rises 25% in first quarter

Revenue at Primark, which operates under the Penney’s brand in Ireland, rose 25 per cent in the company’s first quarter, which ended on January 5th.

17th January, 2013
Sales at Primark are booming.

Revenue at Primark, which operates under the Penney’s brand in Ireland, rose 25 per cent in the company’s first quarter, which ended on January 5th.

The huge increase was driven by very strong like-for-like sales growth, a substantial increase in retail selling space and superior sales densities in larger new stores, the company said. Like-for-like growth benefited from comparison with weak sales during the unseasonably warm autumn of 2011 and good trading...

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