POSTIE PLUS SALE FULL
POSTIE PLUS SALE PLUS
POSTIE PLUS SALE FREE

POSTIE PLUS SALE PLUS

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. They have fallen from a year high of 61c a year ago, but are up from the year low of 20c reached in February.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. Postie Plus shares last traded yesterday at 30c.

Postie Plus sold the Arbuckles chain of manchester and homewares stores last year.

POSTIE PLUS SALE FREE

'We were free from the crippling stock overhang we have had to contend with since 2006, the legacy of inefficient warehousing, logistics and retail delivery systems and Arbuckles' accumulating losses.' 'We started the 2008-09 year in a much stronger position than we have been in for some years,' Mr Boskell said. Savings in finance costs would come through in the second half. The business was also benefiting from cost containment and operational efficiencies.Ĭoupled with savings from the lower inventories, bank debt had been reduced by $6m, or 32 percent, compared with the same period last year. Inventories were down 30 percent in total compared with the prior first half, with apparel inventories reduced by 15 percent, Mr Boskell said. Margins were continuing to lift and the group had entered the second half with a clean stock position for the crucial winter selling period. The result was good considering the state of the market and the rocky start in the first quarter when retailers had to battle for every sale, he said. 'But we anticipate it will be a late run in the final quarter for us to reach the line and deliver the modest profit we seek.' Managing director Ron Boskell said the company was quietly confident it would turn around the losses at the end of this financial year. No interim dividend would be paid due to the economic environment and the results.

POSTIE PLUS SALE FULL

It said it was on track to deliver a modest full year profit in a generally stronger second half, provided the recession did not worsen. The company runs Postie Plus and Baby City stores. Net loss for the half year was $2.7m, compared to $2.9m a year earlier. In the first quarter sales were down 8.8 percent from the corresponding quarter a year before to $19.9m, while in the second quarter the decline was 2.3 percent to $30m.

Retailer Postie Plus Group's half year sales fell 5 percent from a year earlier, but the company said margins improved and the decline eased in the second quarter.įor the six months to the end of January the company had operating revenues of $49.9 million, down from $52.5m a year earlier.

Postie plus sale