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Primark Plans Biggest Expansion In Decade as Chain's Sales Soar

  • Apparel retailer to open 29 stores this year, most since 2006
  • Owner ABF rises as sugar business also reports higher profit

The Primark apparel chain is planning its biggest expansion of store space since 2006 as its low prices continue to draw in shoppers without the help of an online offering.

The retailer aims to open 29 stores in the current fiscal year, mainly outside the U.K, owner Associated British Foods Plc said Wednesday as it reported better-than-expected sales and profits.