Warehouse transformation programme reaps benefits

Fri, 08 Nov 2019

The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million. The latest result follows sales growth of 3.6 percent for the same quarter last year. Noel Leeming has continued its strong performance, with a 7.3 percent revenue increase to $225 million for the three months ended Oct. 27 and a 6.1 percent increase in same-store sales. Warehouse Group chief executive Nick Grayston said this was helped by the Rugby World Cup. The t...

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