Primark festive trading beats Marks & Spencer

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Primark revealed “excellent” Christmas trading today as the discount chain maintained its squeeze on struggling rival Marks & Spencer.

Sales rose 14 per cent in the 16 weeks to January 4, driven by an eight per cent increase in selling space.

In contrast to the performances of Primark and rival Next, which has already posted a surge in sales, M&S’s general merchandise sales were down 2.1 per cent for the 13 weeks to December 28.

Gareth Harris of RSM Restructuring Advisory LLP

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