Primark, Penneys sales up 15% after record Christmas sales

Associated British Foods, which owns Primark and Penneys, said consumer spending had proven more resilient than expected

Shoppers outside a Penneys outlet in Dublin. Picture:

Sales at Primark and Penneys rose by 15 per cent in the last four months compared with the same period the year before, according to new results published by the retail outlets’ parent company, Associated British Foods.

A “very strong” festive period at its stores, involving record sales in the week leading up to Christmas, helped Primark to revenues totalling £3.1 billion in the 16 weeks to January 7 – up from £2.7 billion in ...