The food-and-fashion group revealed on Tuesday that each Primark and its grocery division noticed rising earnings.
The Primark fast-fashion empire grew gross sales Four per cent to £7.8bn, partly due to 14 new shops within the UK and continental Europe.
Whereas a succession of UK retailers have just lately introduced closures or referred to as within the directors, Primark unveiled bold plans for additional growth.
Chief govt George Weston mentioned: “Within the subsequent monetary 12 months, we’re planning so as to add a internet 1 million sq ft of further promoting house.”
He added: “We anticipate to open 19 new shops along with a lot of relocations and extensions.”
Regardless of rising fears in regards to the environmental affect of low-cost clothes in addition to poor working circumstances in some garment factories, demand for quick style stays buoyant.
Primark’s UK gross sales rose 2.5 per cent, which was sooner than the broader marketplace for clothes, footwear and equipment.
Gross sales in ABF’s grocery division elevated by Three per cent to £3.5bn, whereas its Allied Bakeries division, which makes Kingsmill, was hit by the lack of a significant own-label grocery store contract and subsequently introduced plans to close its Cardiff manufacturing facility.
General statutory pre-tax earnings fell Eight per cent, dragged down by poor efficiency in ABF’s sugar enterprise in addition to the closure of different divisions.
The shops set to open are:
New UK shops
- Belfast Donegall Place
- Milton Keynes
- Trafford Centre
Relocated UK shops
- Birmingham Excessive Avenue
New European shops
- Spain – Torre Sevilla
- Spain – Almeria
- France – Toulouse
- France – Bordeaux
- Germany – Berlin Zoom
- Germany – Wuppertal
- Germany – Bonn
- Slovenia – Ljubljana
- Belgium – Bruxelles Chaussée D’Ixelles
- The Netherlands- Utrecht
- Poland – Warsaw