{"id":159676,"date":"2018-01-18T10:07:38","date_gmt":"2018-01-18T10:07:38","guid":{"rendered":"https:\/\/www.theindustry.fashion\/primark-sales-up-7-over-christmas-trading-period\/"},"modified":"2021-08-12T13:51:56","modified_gmt":"2021-08-12T13:51:56","slug":"primark-sales-up-7-over-christmas-trading-period","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/primark-sales-up-7-over-christmas-trading-period\/","title":{"rendered":"Primark sales up 7% over Christmas trading period"},"content":{"rendered":"<p>Primark has <strong>emerged as one of the high street's winners over Christmas<\/strong> as it reported a 7% increase in sales in the 16-week period to 6 January.<\/p>\n<p><!--more--><\/p>\n<p>A trading update released this morning by parent Associated British Foods, shows that <strong>sales at Primark were 7% ahead on a constant currency basis<\/strong>, driven by increased retail selling space. While sales were 9% ahead of last year at actual exchange rates.<\/p>\n<p>The UK achieved strong like-for-like growth while unseasonably warm weather in October held sales back across Europe, however there was a pick-up in the five weeks leading up to Christmas. In fact P<strong>rimark achieved record sales in the week before Christmas,<\/strong> it said. The US \"continued to make progress\".<\/p>\n<p>Primark said it expected operating margin to be close to that of the same period last year and said <strong>better buying had offset the adverse affect of the weaker sterling\/US dollar exchange rate<\/strong>.<\/p>\n<p>The business is continuing its rapid retail expansion and says it <strong>expects to open 1.2m sq ft of retail space in this financial year<\/strong>. As of\u00a06 January 2018, 350 stores were trading from 14.2m sq ft, which compared to 13.1m sq ft a year ago. Five new stores were opened during the period at\u00a0Bielefeld, Munster and a city centre store in Stuttgart, Germany, Charlton in the UK and Loul\u00e9 in the Algarve.<\/p>\n<p>In the UK Primark has recently revealed that it will be opening major new stores i<strong>n the extension of Westfield London in White City and at Bluewater in Kent.<\/strong> The Westfield store will open this summer to co-incide with the mall's 10th anniversary while the Bluewater store will open next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":131488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[11675,10411,35,11704,12517],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Primark sales up 7% over Christmas trading period - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Primark has emerged as one of the high street&#039;s winners over Christmas as it reported a 7% increase in sales in the 16-week period to 6 January. 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