Primark, a low-budget fashion retailer, announced that it had seen increasing amounts of growth in the chain over the past 16 weeks up until January 2. Like-for-like sales for the fashion chain were up 7 percent over the last period, according to analysts.

Panmure Gordon analysts have said that Primark’s like-for-like numbers came out at the beginning of this year as some of the most impressive in the industry for the Christmas holiday season. Primark also reported that their overseas sales where up in addition to reporting large numbers for their UK stores.

The fashion chain’s European stores include 14 in Spain, two in Germany, two in Portugal, one in Holland, and one in Belgium. Sales in Spain were some of the highest for the company reaching into the double digits in percentages during the Christmas holidays.

John Bason, finance director for the parent company of Primark, Associated British Foods, said that in terms of Spain’s economy, the company’s final sales for the holiday period were phenomenal. The high figures are causing the company to push forward their new store opening programme which will begin in the UK this year.

Mr Bason added that the firm would also look into expansion into other countries as their success continues to mount. Revenues for Associated British Foods in other aspects also increased this year despite the harsh recession hitting the economy.

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