Primark Parent Company Raised Annual Expectations And Expanded Shop

Though fast fashion is the temporary winner of the fashion industry, Zara and H&M still have a lower price than the rising star Primark.

Lately

A group of financial reports has been released to achieve its milestone goal.

It is reported that at the end of February 2016, the report Primark said that as of February 27th, the number of its global stores was 299.

A few days ago, its store in Chester has become the 300th milestone of the company's milestone.

Moreover, the company said it would add a store in the UK and France this week.

In this regard, its parent company Associated British Foods PLC, a British conglomerate, made a 2016 year increase in its two quarter earnings announcement.

Move.

Though Primark is in the Christmas season.

The performance was unsatisfactory, but the group disclosed that since the end of January, Primark has revived the strong performance of sales.

In this adjustment, Primark is expected to grow by 4% in the first half of the fiscal year. Meanwhile, it is expected that the number of stores that will expand in the US market will increase by 6. If these 6 stores open, it means that Primark will have a total retail area of 400 thousand square feet in the US market.