Insight Report 2 minutes PremiumPRIMARK (LSE: ABF) 1Q18 Trading Update: Retail Space Expansion Drives Sales Growth Coresight Research January 19, 2018 Executive Summary Primark’s sales increased by 7% at constant currency and by 9% as reported, in the 16 weeks ended January 6, 2018, driven by growth in selling space. The company observed “strong” comparable sales in the UK. Unusually warm October weather hindered sales in Europe, although sales improved later in the five weeks to Christmas. Management expects Primark’s operating margins for 1H18 to be similar to last year’s levels. The company plans to open 1.2 million square feet of selling space over FY18. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: 10 US Consumer and Retail Trends 2024: Insights Presented at Lectra’s Ideation 2023AI @ Retail: Supercharging the Customer Experience—Insights Presented at the Vision Monday Leadership Summit 2024Macy’s Announces 150 Store Closures—A Turnaround Effort To Drive PerformanceAmazon Apparel US Consumer Survey 2024—Infographic: Amazon Regains Its Spot as America’s Most-Shopped Clothing and Footwear Retailer