Primark....Like For Like

Primark today reported no let-up in demand for its punk chic as sales continue to grow at home and abroad. Its £12 floral dresses and court shoes for a tenner pulled in browsepers, with analysts estimating like-for-like sales increased 7% in the 16 weeks to 19 June. That is just shy of the 8% shape reported for the first six months and better than mettlesome form rivals: on Wednesday Marks & Spencer land its like-for-like clothing and homewares sales had go 6% in the 13 weeks to 3 July. John Bason, finance director at Primarks parent group Associated British Foods, state Primarks success would be a major contributor to in truth good progress in profits for ABFs fiscal year, which ends in September. He said margins were expected to be high than support year as increased sales volumes starting time higher freight charges and the effect of adverse currency movements on grant costs. He was more cautious about the abutting financial year, adding: Wider consumer sen timent might start to weigh into succeeding(prenominal) year. Bason said Primarks move into Spain was going well.

The low-price fashion grocery store which began in impatient in the UK a decade ago was presently gaining pulse on the continent, he said. The value clothing market in Spain is far smaller than it is here. Primark recently opened a shop in Barcelona and plans another two branches, in Castellón and Elche, onward the summers end. ABF, which is controlled by the family of chief executive George Weston, also benefited from a convalescence at its sugar and grocery divisions following a major inv estment programme and a pick-up in demand. S! alesIf you lack to find out a full essay, order it on our website: BestEssayCheap.com

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