Warehouse 1Q sales lift 3.9% with gains across all brands

Thu, 10 Nov 2016

By Tina Morrison Nov. 11 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, increased first-quarter sales with uplifts across all its brands ahead of the key Christmas trading period. The Auckland-based company said group sales rose 3.9 percent to $655.9 million in the quarter ended Oct. 30, from the year-earlier quarter when sales increased 7.7 percent. The company's 'red shed' Warehouse stores, which make up more than half of its total sales, increased revenue 1 percent to $377.5 million in the quarter...

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