Primark to grow by two digits in 2017.

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The discount fashion retailer published unaudited results for the fiscal year to mid-September 2017. Expected annual sales are up by 1% like-for-like and up by 13% in total. Primark, without an online business, added almost140,000 sq.m GLA sales space over the last 12 months. The sharp decrease of the GB £ Pound following the vote on Brexit, combined with below-inflation income increases has reduced British purchasing power, forcing households to be very conscious of prices. “What really...

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