Retail expansion drives sales growth at Primark

Sales at Primark, part of Associated British Foods plc, for the full year are expected to be 4 percent ahead of last year at constant currency and actual exchange rates, driven by increased selling space partially offset by a 2 percent decline in like-for-like sales. The company said in a statement that sales growth in the fourth quarter increased, driven by an improvement in like-for-like performance and early trading of the new autumn/winter range has been encouraging.