Apr 17, 2018

Primark and JD Sports buck UK retail gloom

Associated British Foods, owner of Primark, has hailed the clothing chain's UK performance as "Remarkable" after a boost in like-for-like sales. The UK results were not enough to offset a decline in Primark's same-store sales overall. Retailer JD Sports also reported a rise in sales, which it said was "An excellent result". In the 24 weeks to 3 March, Primark saw 3% growth in its UK like-for-like sales, which strip out the effect of new store openings. Like-for-like sales at JD Sports stores grew 3%, while profits were up by 26%, in the 53 weeks to 3 February.

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