Published 2 September 2009
Nationwide retailer Postie Plus Group Ltd said yesterday it bounced back in the third & fourth quarters from sales declines in the first half.
The result for the year was a 3% increase in sales from continuing operations, to $110.4 million.
The quarterly returns were: Q1 $19.9 million (down 8.8%), Q2 $30 million (down 2.3%), Q3 $25.4 million (up 7.3%), Q4 $34.9 million (up 12.9%).
Managing director Ron Boskell said the group increased both sales & margins during the fourth quarter (to July), “indicating the product range was what the market wanted. The success of winter is attributable to, amongst other things, our new offering, more fashion, better fits & improved quality.”
Postie Plus will release its full-year results late this month.
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Attribution: Company statement, story written by Bob Dey for the Bob Dey Property Report.