Strong growth in retail figures

Last updated 07:36 31/01/2013

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Strong sales at retailers Bunnings and Kmart in the leadup to Christmas helped to push up parent company Wesfarmers' second-quarter retail revenues to A$15.2 billion (NZ$18.8b).

That was an almost 5 per cent increase year- on-year for the ASX- listed conglomerate, which recorded increases across all its retail businesses, including supermarket chain Coles, office product supplier Officeworks and retailer Target, over the second half of the financial year.

The strong second- quarter trading - for the three months till December 31 - at Bunnings and Kmart is another sign of growing consumer confidence . Sales at Bunnings in New Zealand and Australia for the three months ending December 31 rose 6.6 per cent year-on-year to $2.2b, while same-store sales lifted 4.2 per cent.

Wesfarmers managing director Richard Goyder said sales at Bunnings had accelerated toward Christmas, and the building and garden supplies chain had seen growth in commercial as well as consumer sales. Fairfax NZ

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- © Fairfax NZ News


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