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The Warehouse Group sales grow 18.3% in H1 of FY2013

RBR Staff Writer Published 08 March 2013

New Zealand-based discount department store retailer The Warehouse Group has reported sales totaling NZ$1.1bn ($919m) for the first-half of the 2013 fiscal.

The figures represent an 18.3% increase when compared to NZ$937.9m ($776.5m) in the corresponding period of 2012 fiscal.

The chain's gross profit totaled NZ$386.8m ($320.2m), up 14.6% while operating profit for the six months to 27 January amounted to NZ$77m ($63.7m).

Warehouse Stationery first half sales advanced 11.8% to NZ$111.9m ($92.6m) while same store sales increased 4.2%.

During the first half of this year three new stores were opened with an additional three new store openings planned for the second half.

The Warehouse Group, currently, operates 92 stores throughout New Zealand.