Back to Primark, owned by Associated British Foods which issued a trading update earlier. ABF's shares are down 1.8%.
Sophie Lund-Yates, equity enalyst at Hargreaves Lansdown, says: “Primark is managing to dodge many of the issues troubling the high street, in a climate where tough conditions are forcing many competitors to close stores, Primark’s sales growth is actually being driven by new shop openings.
"That’s not to say the retailer is home and dry though, like-for-like sales are actually in decline. Added to that, Brexit related headwinds means costs are expected to increase next year, and margins are expected to dip.
"The group also needs to strike a fine balance between keeping sales moving and opening too many new stores - over the next financial year, one million square feet of new space is to be added to the store estate.
"Opening new shops is certainly a tactic that has worked for ABF, and continues to offset the decline in like-for-like performance. However, the thing to remember is it can’t follow this method forever.”