Warehouse 1Q sales rise 1.9 percent as stationery leads growth, Red Sheds flat

Sun, 04 Nov 2012

Nov. 5 (BusinessDesk) - Warehouse Group, the country's biggest listed retailer, boosted first-quarter sales 1.9 percent with its Blue Shed stationery stores leading growth as its Red Sheds reported a flat result. Group sales rose to $377.3 million in the three months ended Oct. 28, from $370.4 million in the same period a year earlier, the Auckland-based company said in a statement. Sales at its Red Shed stores edged up 0.8 percent to $325.7 million and were flat on a same-store basis, while the stationery outlets' revenue climbed 9.1 percen...

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