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: NextGen Commerce, a Coresight Research Conference, June 2024: Agenda and Speaker DetailsConsumers Skeptical About the Economy, But Cautiously Optimistic About Their Own Finances: US Consumer Survey Insights 2023, Week 44Flipkart Big Billion Days 2023: Preview—Positive Consumer Sentiment and a Focus on Immersive ShoppingDecoding the Future of Retail: Highlights from NextGen Commerce, a Coresight Research Conference