Primark sales up 15 %

Primark sales up 15 %

Associated British Foods will be satisfied as its store chain, Primark, has boosted its sales once again in the 16 weeks leading up to 3 January 2015. Compared to the year before, it has grown its turnover 15 %.

Lower profit margin

Its turnover increase was mostly because of new store openings and "exceptional" results in France, as the warmer weather has also impacted Primark's sales negatively. If exchange rates are taken into account, alongside the strong British pound, Primark's turnover increase dropped to 12 %.

 

"Like-for-like sales in the autumn were affected by the unseasonably warm weather but trading over the last five weeks, including Christmas, was strong. Operating profit margin in the period was in line with expectations, that is, lower than last year as a result of a higher level of markdown", APB explained in a statement.

 

Expansion

For the current fiscal year, Primark intends to add another 93,000 sqm of store space. This will be achieved in two separate ways: new stores will be opened or it will gain additional space through expansion in Germany, Belgium and the United Kingdom. It has also signed 8 contracts for stores in the United States, with a planned launch near the end of 2015.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top