![]() "Management focus on the marketing of each of our brands as value-for-money products for middle New Zealand, our store refurbishment programme, the opening of visually attractive new stores and ongoing repositioning of our apparel, homeware and baby products has been rewarded. ![]() ![]() The latest retail sector data indicated an economic slowdown had affected most retail segments but Postie Plus' trading divisions Postie+, Arbuckles and Baby City had not been affected, he said. The group had outperformed the national retail sales trend, reinforcing the view of directors that Postie Plus was more resilient in more difficult economic conditions.Ĭhief executive Ron Boskell said the factors which caused a deferral of consumer spending in April had included sharply higher petrol prices and concerns about other rising costs such as mortgage repayments, electricity, local authority rates and food prices. The July quarter had run substantially ahead of the three prior quarters, and followed a disappointing 4.24 per cent growth in retail sales in the April quarter. "We are conscious, nevertheless, that competition in our sector is unlikely to reduce and that the profit target is still not at the level we would like to see achieved on our level of turnover," Mr van Rij said. In May, Postie Plus had warned it may not live up to previous profit forecasts as unseasonally warm weather, a late Easter holiday and weak consumer spending dented April trading.Īt the time, chairman Peter van Rij said a pre-tax earnings guidance of $5m given at the retailer's half year result in March was "under threat".īut today he said the directors were confident the company was back on course to reinstate the February guidance. The annual sales increase was up 9.65 per cent to $125.4m, the company said today. The Kimbolton Road property is situated in Feilding’s bulk retail hub – with neighbouring tenants including The Warehouse, Resene Colour Shop and Countdown supermarket.Clothing retailer Postie Plus has lifted July-quarter sales 23 per cent above those of the same period a year ago to $38.2 million. The next nearest Postie Plus outlet is in Palmerston North. The Feilding branch is one of the brand’s top 10 performing stores in New Zealand. Postie Plus is currently on a lease running through until 2020 - generating annual net rental of $84,000 plus GST. Salesperson Lewis Townshend said the conveniently located retail property was built in 2011 and had been continuously occupied by Postie Plus over the intervening years. The Feilding property is being marketed for sale by private treaty, with offers being taken until 4pm on August 3 through Bayleys Palmerston North. In New Zealand, Postie Plus currently has 65 physical stores nationwide plus a webstore offering quality women’s fashion, childrenswear, menswear, underwear and health and beauty products. Pepkor has retailing operations in 15 Countries. International retailing giant Pepkor has owned Postie Plus since 2014. It comes complete with nine on-site car parks. The Feilding branch of Postie Plus at 161 Kimbolton Road in the Manawatu township is a single storey 492 square metre premises sitting on 922 square metres of freehold land.
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