Business

Saturday 25 November 2017

Penneys owner reports 7pc increase in sales in build up to Christmas

Primark (stock photo)
Primark (stock photo)

Associated British Foods said total sales at its discount fashion store Primark, known in Ireland as Penneys, were up 7pc in the four months leading up to Christmas on a constant currency basis, boosted by new store openings in Spain and the United States.

The company said, however, that it had been impacted by unseasonably warm weather in the nine weeks to January 2, with shops open more than a year posting weaker sales.

Reuters

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