Revenues for the 16 weeks to 19 June jump to £1.6 billion, while like for like sales also up 3% on a two-year basis in the quarter.
There’s good news from fast fashion retailer and major licensing industry supporter, Primark this morning (1 July), as it reported that revenues had soared to £1.6 billion since re-opening.
The easing of lockdown restrictions meant that the retailer put in a better than expected Q3 performance.
It confirmed that sales in its value retail business in the 16 weeks to 19 June reached £1.6 billion, reported Retail Gazette.
This compares to £600,000 in sales which were recorded in the same period last year.
In addition, Primark’s like for like sales grew 3% on a two-year basis in the quarter.
Parent company AB Foods also said that a number of new sales records were set in Primark stores, reflecting an increase in both consumer confidence and a willingness to spend.
However, it did sound a note of caution, saying that volatility remained high and performance did vary from region to region depending on the levels of Covid-19 restrictions in place.
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