Postie Plus says it expects significant loss in 2013 earnings as full-year sales fall 10.5 percent

Thu, 29 Aug 2013

By Tina Morrison Aug. 30 (BusinessDesk) – Postie Plus Group, whose shares are the worst performers on the NZX this year, said annual sales from continuing operations fell 10.5 percent and reiterated it faced a “significant” annual loss because of problems with its outsourced distribution centre and difficult trading conditions. Sales from continuing operations fell to $84.2 million for the 52 weeks of this year, down from $94.1 million in the 53 weeks last year, the clothing retailer said in a statement. Postie Plus expects to report a signif...

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