Warehouse sales rise during Rugby World Cup period

Friday 11th November 2011

Warehouse Group reported a 2.1 percent rise in same-store sales in the 13 weeks ended Oct. 30, a period that included the Rugby World Cup.

Still, the company said the timing of any significant recovery in retail trading conditions was uncertain.

Same store sales at Warehouse Stationery rose 0.3 percent in the quarter.

Total sales rose 2.2 percent to $370.4 million in the quarter, comprising a 2.3 percent rise in Warehouse and 1.7 percent rise in Warehouse Stationery sales.

Warehouse added one store in the quarter in Whitianga, the Timaru store was extended, a store in Hastings was replaced and South City in Christchurch reopened.

"Although early days, we are starting to see customers respond positively to our store refresh programme," chief executive Mark Powell.

BusinessDesk.co.nz

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