This ad will be closed automatically in X seconds.

Summer lines doing the business for Primark as sales grow 13% for third quarter

Associated British Foods has revealed its third quarter trading update for the 12 weeks to 27 May, with Primark seeing its sales grow by 13% for the period.

The fast fashion retailer also saw like for like sales growth of 7%, supported by higher average selling prices. Like for like sales growth for the year to date is now 9%.

In the UK, like for like sales growth for the quarter was 6%, while it stood at 7% in Europe (excluding the UK).

Seasonal clothing and accessories performed well, while sales in health and beauty products were also particularly strong. Sales in Primark’s flagship city centre stores have also continued to be good.

The deployment of the retailer’s improved website also continued, with the site launching in Germany, Spain, Italy and the US in the period, and in France shortly after the period ended. The remaining markets will follow over the summer.

Primark’s bricks and mortar expansion plan also remains on track. The retailer opened four stores during the period – Venice, Italy; Walden Galleria, Buffalo, NY; Toledo, Spain; and Bratislava, Slovakia, its first in that country which became its 16th market.

In the US, Primark has also signed the lease of its first store in Texas.

Following the results, ABF – which also has major sugar, ingredients and other food businesses – raised its outlook for the full year, having reported sales growth of 16% over the three months to the end of May to £4.7 billion.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.

Mattel is accelerating its expansion into console games with the announcement of a multi-year strategic partnership with Outright Games, beginning with three new games for all consoles and PC, slated for release before the end of this year....
Jazwares has entered into a multiyear global toy licensing agreement with Scottgames LLC to produce a toy line inspired by the survival horror video game and film franchise Five Nights at Freddy’s. ...
Jane Garner’s funeral/celebration of life will be held on Friday 31 May...
Adding to its ever-expanding music portfolio, Hasbro has announced the summer release of Peppa's Party: The Album, the fifth studio release from beloved global preschool icon Peppa Pig, who is celebrating her 20th birthday this year....
Peter Rabbit
Penguin Ventures has announced its renewed long-term agency agreement with Sony Creative Products (SCP) in Japan for The World of Peter Rabbit, on behalf of brand owner and Beatrix Potter’s original publisher Frederick Warne & Co Ltd....
Supercell is expanding its partnership with WildBrain CPLG to bring Brawl Stars consumer products to millions of fans across the globe....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.