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Primark counters ABF's sugar woes

Primark counters ABF's sugar woes

Primark continues to be the standout performer at Associated British Foods (ABF), with sales up 4.4 per cent during the first half of its financial year, driven by an increase in selling space from new store openings, including the brand’s largest store ever located in Birmingham. Chief executive George Weston wasn't concerned by a 1.5 per cent sales decline on a like-for-like basis, reasoning that some deterioration is to be expected as new stores cannibalise sales of some existing locations.

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