Primark hailed its "outstanding year" today after revealing annual profits had jumped by 44% to £514 million - contrasting the fortunes of high street rival Marks and Spencer.
The retailer grew sales by 22% to £4.3 billion in the year to September 30 and the Associated British Foods, which owns Primark as well as leading food brands Twinings and Kingsmill, said it expected another improvement in performance in the current financial year.
The company paid tribute to Primark's buying teams after autumn/winter and spring/summer ranges sold out with little discount, while M&S struggled to kickstart its clothing sales.
Primark has expanded in the UK's major cities with the opening of a second store on London's Oxford Street and extensions to shops in Newcastle and Manchester.
They are also set to open their first store in France, which will be located in Marseille.
More top news
Thieves returned a bike stolen from a nine-year-old boy shortly before the first anniversary of his father’s death.
The ride-sharing app Uber's latest update tracks user's locations for five minutes after a journey ends.
Another leader is toppled and the European 'establishment' now stand in terror of voters with 2017 set to host a series of big elections.