Warehouse reports flat Q1


11 November 2004 – Takapuna (NZ): The Warehouse Group has reported a modest rise in its Q1 sales.

The retailer posted group sales of NZ$488.4 million ($336.8 million), up 1.1 per cent on the same period last year, but comp sales at its 85 New Zealand Warehouse stores fell 2.6 per cent.

There was better news from the company’s Warehouse Stationery unit, however, which returned a 17.6 per cent rise in sales, up 8.6 per cent on a comp basis.