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Primark to open two new stores in America

Irish brand Primark plans to open two new stores in the American market. These stores will opene at American Dream, New Jersey, Sawgrass Mills, Florida.

The low-cost company expects its sales to grow by 4.2 per cent ahead of last year in the first half. In the UK, the company expects a growth of 3.0 per cent in clothing, footwear, and accessories, which will be driven by new selling space and partially offset by a 1.3 per cent decline in like-for-like sales. Primark saw positive results in the UK market over November and December. However, this growth has come to fall in January and February in comparison to the prior year.

The market with the biggest forecasts is that of the Eurozone, it is expected to grow by 5.3 per cent ahead of last year at constant currency with particularly strong sales growth in France, Belgium, and Italy. The recently opened store in Milan exceeded expectations along with the store in Ljubljana that also kept a constant solid trade.