This ad will be closed automatically in X seconds.

Primark celebrates 13% lift in full year sales

Licensing Award winning retailer put in strong performance across number of countries.

Primark has today reported that full year sales are 13% ahead of last year, mainly driven by an increase in retail selling space of 9%.

The retailer – which picked up Best Kids Retailer of Licensed Product, Best Retailer of Adult Licensed Product and the Top Retailer of the Year accolades at The Licensing Awards this year – saw like for like sales for the 52 weeks to September 12 increase 1%.

Like for like sales in the early part of the financial year were impacted by unseasonably warm weather, however this was followed up by strong trading across the Christmas season.

Adjusted operating profit was £673 million compared to £662 million in the previous year.

During the year, Primark opened nearly one million square feet of selling space – this brought the total estate to 293 stores.

Some 20 new stores were opened including Primark’s first foray into the US market, with a 77,000 square foot store in Boston.

The retailer has plans for a further seven stores in the US, with the majority opening next year.

Primark has considerably upped the space dedicated to licences in recent years. Brands currently featuring in the retailer include Star Wars, Minions, Disney Princesses and Spider-man among others.

Pictured above are Sarah Jackson (buying controller kidswear and head of licence UK and Northern Europe), Steve Lawton (trading director) and Marlise Wilson (buying controller kidswear) with Alexander Armstrong and DreamWorks’ head of UK licensing, Richard Hollis.

MORE NEWS
TfLlunchbox500x500
 
Designed by creative agency Crush Creative, the guide includes a set of colourful, illustrated assets that draw on TfL’s heritage and serve as a toolkit for licensees developing products for young audiences....
Tulipop500x500
 
Tulipop Studios - creator and owner of the Icelandic character-based Tulipop IP - is growing into new markets having secured a number of fresh deals....
YakkaDee500x500
 
Rachel Bardill and Liz Keynes - both well known and respected family and children's brand strategists - have come on board to further drive awareness for the preschool show....
AliceBurden500x500
 
In her new role, Alice will be responsible for steering and driving forward the strategic and creative direction of Toon2Tango, focusing on storytelling and creative development....
job
 
H&A is looking to further strengthen its team with the appointment of a supply chain planner....
SManners500x500
 
Industry trade body, Licensing International has responded to Labour's Budget from earlier this week, saying that moving forward 'beloved brands' will be more important than ever before in providing a point of difference....
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.