Postie Plus 3rd-quarter sales from continuing ops fall 14 percent on stock disruptions

Mon, 10 Jun 2013

June 10 (BusinessDesk) - Postie Plus Group, the clothing retailer whose shares have fallen 29 percent this year, said third-quarter sales fell 14 percent after seasonal stock was disrupted by problems at its third-party distribution centre. Sales from continuing operations fell to $19.4 million in the February-to-April quarter, from $22.6 million in the same period a year earlier, the Auckland-based company said in a statement. The gross margin also fell in the latest period, it said, without giving details. “Third-quarter sales and margin r...

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