Primark to keep expanding despite '˜challenging' trading
The group said that in November the market has been “tough”, but stuck to its expectation for an increase in profits at Primark as a result of careful inventory management and improved margins.
Retailers had been hoping for some festive cheer over the critical Christmas trading period, the high street’s busiest time of year by a distance, following a poor 2018. Several big names have gone bust, with scores of other retailers enacting store closure programmes.
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Hide AdABF chairman Michael McLintock said that Primark’s expansion will continue, with its 364th store opening in Belfast on Saturday. It follows the destruction of its existing site in a fire in August.
Last month, ABF reported that like-for-like sales at Primark dipped 2.1 per cent in the year to September.