Home / Knowledge / News / Apparel/Garments / Primark Q3'FY14 sales escalate 22%
Primark Q3'FY14 sales escalate 22%
Jul '14
Associated British Foods plc issues its third quarter management statement, in accordance with the requirements of the UK Listing Authority’s Disclosure and Transparency rules.
The figures stated below relate to the 40 weeks ended 21 June 2014.
-Primark third quarter sales 22% ahead at constant currency
-Continued profit progress at Ingredients
-EU sugar prices have continued to fall
-Full year adjusted earnings per share now expected to be ahead of last year
Primark’s revenue growth in the quarter accelerated to 22% at constant exchange rates bringing the year-to-date sales increase to 17%. This was driven by like-for-like growth, a further increase in retail selling space and superior sales densities in our new stores. In the third quarter, the strong like-for-like sales growth benefited from the warm weather, especially compared to the very cold months of March and April last year, and built further on strong trading in May and June last year. Year-on-year selling space has increased by 1.0 million square feet from 9.0 million square feet last year. Operating margin remained in line with the first half, continuing to benefit from warehouse and distribution efficiencies and lower freight rates.
At 21 June 2014 we were operating from 275 stores and total retail selling space has now reached 10 million square feet. Since the half year a further nine stores have been opened including relocations in Cardiff and Plenilunio, in Spain. We now have five stores in France with three very successful openings during the quarter in the suburbs of Paris, adding to Marseilles and Dijon which were opened in the first half.
We also opened in Cologne in Germany, Nijmegen in The Netherlands, Logrono in Spain and Canterbury in the UK. A small store in Dundalk in the Republic of Ireland was closed in the period. Plans for the first store openings in the north east of the USA towards the end of 2015 remain on track. 

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search