Primark expects to post 13 percent rise in annual sales

Providing an update prior to entering the close period for its full year results for the 52 weeks to September 19, 2017, Primark, part of the Associated British Foods said that sales are expected to be 13 percent ahead of last year at constant currency and on a comparable week basis, driven by increased retail selling space and 1 percent growth in like-for-like sales. On the same comparable basis but at actual exchange rates, sales are expected to be 20 percent ahead.