Irish fashion discounter Primark does not think the coronavirus will affect its short-time results, confirming its H1 turnover forecast as a 4.2 % growth. The long-term story, however, may be different.
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In the first quarter of its financial year, Primark has again achieved growth. In some areas there was a like-for-like decrease, but that was compensated for by new stores.
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Irish fashion discounter Primark achieved a 4.2 % turnover increase in the past financial year as a result of building additional retail space. On a comparable basis however, sales fell by 2.0 %.
Next year, Primark wants to open 19 more stores - including a first one in Poland. A webshop however is still not on the cards.
Irish fashion discounter Primark has seen its turnover grow 4 % in the fourth quarter as Christmas sales went surprisingly well.
Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.
Irish fashion chain Primark’s turnover grew nearly 20 % in the past fiscal year, largely thanks to expansion. Primark opened an astonishing thirty new stores in nine different countries.
Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.
Irish fashion chain Primark has finally announced another like-for-like turnover growth in its third quarter, its first in 18 months. Low prices and good weather helped the chain outperform expectations.
Irish fashion chain Primark has seen its turnover grow more than 20 % in the past six months, but that was only thanks to new store openings and positive exchange rate fluctuations.
Irish fashion chain Primark has seen its labour policy come under scrutiny again in two countries: Dutch employees do not feel they get the respect they deserve, while French employees are on strike demanding higher wages.
Over the past quarter, Primark's turnover grew 11 % at level exchange rates and even 22 % at the actual exchange rates, particularly thanks to an increased number of stores.