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Primark sales and profits rise despite chilly winter

Primark sales and profits are on the rise as the UK-headquartered fast-fashion retailer shrugged off a chilly northern winter.

Parent Associated British Foods (ABF), says Primark achieved a 7 per cent increase in revenue for the first half year and a 4 per cent improvement in profit, despite on the coldest winters on record in Europe.

However, the growth was all down to a growing European store network, with like-for-like sales down a marginal 1.5 per cent.

The retailer plans to open new stores at Westfield and Burnley and seven more outside the UK as it continues to grow both its footprint and its market share.

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