Postie Plus FY sales fall 4.4 percent on sale of Babycity, flat Postie revenue

Thu, 30 Aug 2012

Aug. 31 (BusinessDesk) - Postie Plus Group reported a 4.4 percent decline in full-year sales after selling its Babycity chain and maintaining little changed revenue at its Postie clothing outlets. Sales fell to $110.9 million in the year ended Aug. 5, from $115.7 million a year earlier, the Christchurch-based company said in a statement. Sales from Babycity, which was sold for about $4.1 million in May, fell to $16.9 million from about $22 million, while sales at its Postie stores were $94 million from $93.8 million. “We want to focus on bu...

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