Primark does not have an online store but its range of products, including Game of Thrones and other branded clothing, keeps footfall high JOSEPH PREZIOSO/AFP/GETTY IMAGESStrong demand for Primark’s low-cost branded fashions during the first half of its financial year has helped to cushion the blow of falling profits from sugar at its parent company Associated British Foods. The FTSE 100 group told investors yesterday that Primark’s adjusted operating profits had risen by 25 per cent to £426 million during the six months to March 2, driven by a dramatic improvement in its margins and a 4.4 per cent increase in total sales. Primark’s revenues increased by 4 per cent to just over £3.6 billion. Customers had shown strong demand for Primark’s spring and summer fashion ranges and the British division was performing well, AB Foods said, although it noted that the retailer’s underlying like-for-like sales had fallen by 1.5…

Source: The Times April 24, 2019 23:03 UTC